“A default wave is imminent.” So said Deutsche Bank’s Jim Reid in the 2023 vintage
Author: therealheisenberg
10.1 Million Reasons To Doubt A Soft Landing
In a disconcerting development for a desperate Fed, Wednesday’s update on job openings across the
Xi Tells National Security Team To ‘Get Prepared For Actual Combat’
It’s funny how a given day’s coverage comes together. First thing Wednesday morning, while editorializing
Insiders And Punch Bowl Minders
The A.I. frenzy belies caution beneath the surface in equities. Or so said Barclays analysts
China’s Rebound ‘Over’ Amid Dour Data, ‘Miserable’ Stocks
“The reopening trade is over,” Credit Agricole’s co-head of trading for AsiaPac said Wednesday. He
Running Toward Extinction
If you didn’t know better, you’d mistake it for satire: Industry leaders caution on extinction risk
Bond Basis Position To Be Larger Than 2018-2019: Goldman
Is the big bond short just the other side of a basis trade? Yes, probably.
US Home Prices Bottom Near Record Highs
US home prices have bottomed. At record highs. I’m just joking. But not entirely. Both
Desensitized Americans Ponder Stagflation In Confidence ‘Beat’
Late last week, I described Americans as a “gloomy” bunch. On Tuesday, The Conference Board
The $1 Trillion Question: Who’s Buying The Bills?
Assuming Kevin McCarthy manages to get his “worthy” debt ceiling accord through a raucous House,
War Comes Home For Russian Civilians
Less than a month after the Kremlin accused Kyiv of trying to assassinate Vladimir Putin
Deal Or No Deal, US Downgrade Still Likely
Would (another) US downgrade matter with the country poised to avert a worst-case debt ceiling
Deterioration, Dissolution And Default
“The contested 2020 presidential election, brinkmanship over the debt limit to advance political agendas and
China Bull Case Is Always Folly
It almost feel gratuitous to pound the table on China’s disappointing economic rebound and attendant
Erdogan Extends Reign In Turkey
Recep Tayyip Erdogan isn’t going anywhere. Turkey’s long-serving strongman secured another presidential term on Sunday,
Jobs, Jobs, Jobs
Headlines in the holiday-shortened US trading week will revolve around Kevin McCarthy’s efforts to shepherd
‘Good News’
“This agreement is good news for the American people,” Joe Biden said, in a short
Prospectors, Gamblers And Golden Tickets
Will Nvidia become the most valuable company on the planet? It’s a question worth asking
‘Less Cash To Propagate Financial Assets’: JPMorgan Warns On Liquidity
Before the A.I. frenzy shifted into overdrive, rally skeptics explained equity market resilience by way
Marvell-Ous
Given the kind of week it’s been for the market’s A.I. obsession, I’d be remiss
US Stock Fund Exodus Drags Global Equity Flows Negative
Developed market-focused equity mutual funds and ETFs shed $3.21 billion over the latest weekly reporting
The Path To An A.I. Dot-Com Moment
Late June. That’s when the next selloff is coming. Or at least according to BofA’s
For A Nation Of Spendthrifts, Americans Are A Gloomy Bunch
Just 16% of US consumers expect their income gains to outrun inflation over the next
Americans Refuse To Stop Spending As Inflation Rises In Worrying Data
Friday’s top-tier data release out of the US suggested the Fed has more work to
Money Market Assets, Bank Backstop Borrowing Hit New Records
Nearly $50 billion in new cash flooded into money market funds during the week to
Don’t Short A Bubble
You don’t want to short bubbles. That might sound counterintuitive. After all, if not bubbles,
Popular Strategist Weighs In On Nvidia’s Historic Rally
It was all about Nvidia on Thursday. By noon in the US, the company’s market
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