There was a lot of talk last week about a purported regime shift for the
Author: therealheisenberg
Morgan Stanley’s ‘Buy Any Dip in Bonds’ Call
Two weeks after taking Bill Dudley to task on his suggestion that the worst isn’t
What The Nasdaq 100 Special Rebalance Means For Investors
Overconcentration is one of 2023’s key themes amid an epic rally in the same handful
Putin ‘Terminates’ Grain Deal. Ukraine Blows Up His Bridge Again
It’s not safe on the Kerch Strait Bridge. For the second time in less than
Chinese Economy Underwhelms As Struggles Continue
It’s fair to suggest a sense of fatalism has set in among investors regarding the
Noisy Quiet Period
I wouldn’t call this week’s US data docket inconsequential, but it’d certainly be fair to
Landing Gear
I don’t love the narrative that says Fed policy is unduly loose based on the
What Happens To ‘Excuseflation’ When There’s No Excuse?
Lost in the euphoria around the slowdown in consumer price growth and apparently imminent producer
Where To Now For King Dollar?
This week’s most important market story was doubtlessly the dollar, which fell the most in
With Stocks In ‘Optimism Phase,’ Goldman Is Overweight Just One Asset
Stocks are in an “optimism phase.” You can tell because they’re going up. But also
As Good As It Gets, Or Soft Landing Prelude?
For markets and, in some ways, for the US economy, this is probably as good
Equity Fund Flows Suggest Imminent Capitulation ‘Back In’
Inflows to equity-focused ETFs and mutual funds persisted for another week, suggesting left-behind investor cohorts
Popular Strategist Would Short ‘En Fuego’ Risk Assets Later This Summer
“Risk assets en fuego as Goldilocks schools us bears,” wrote BofA’s Michael Hartnett, in the
Thrilled Americans Toast Lower Inflation With Huge Sentiment Boost
The animal spirits are stirring. In a testament to the notion that Main Street, like
Things Are Going Fine At JPMorgan. If You Were Wondering.
The American consumer is still spending, “albeit a little more slowly,” Jamie Dimon said Friday,
Money Market Funds Back To Outflows. RRP Lowest In 15 Months
Money market fund flows are starting to get choppy. After a mammoth inflow last week,
Powell Gets Rally Fed May Live To Regret
In the wake of a very encouraging US CPI report, I suggested the Fed may
US Home Prices, Mortgage Payments Notch Simultaneous Records
Mortgage rates in the US are a whisker away from a seven-handle, but home prices
FTC Launches ‘Expansive’ OpenAI Probe In Preemptive Strike
“I’m with the government, and I’m here to help.” “Help investigate you, that is.” The
US Producer Prices Flatline. Jobless Claims Stay Low
In what looked like another constructive development on the inflation front in the US, producer
Troubled Chinese Economy Suffers Worst Export Slump Since Pandemic
China better hope the rest of the world dodges a recession. A set of unfortunate
Is The Inflation Battle Won?
It’s possible that Wednesday’s CPI release in the US marked a turning point in the
Fed Faces Market Eager For Last Hike
Backing away from the inflation fight too soon would be a recipe for disaster. That’s
As Dollar Plunges, Fed May Fear November Redux
Needless to say, Wednesday’s US inflation figures pulled the rug out for the dollar. This
Fed Spots Light At Tunnel’s End In Benign US CPI Report
Drum roll! The most important US CPI report since… well, since last month’s report, showed
Canada Pushes Rates To 22-Year High
The Bank of Canada pressed ahead with another rate hike on Wednesday, the second consecutive
Make Or Break Something
Earlier this week, Wall Street’s most prominent bear suggested the recent spike in bond volatility
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