Market participants in the US will take a day off this week to gorge themselves
Author: therealheisenberg
Bet On The Fed, Not The Macro
“Confusing.” That’s as good a description as any when it comes to assessing US rates,
Wall Street Has Almost Never Been This Pessimistic
We’re now seven weeks into the fourth quarter and US equities have gained in six
Don’t Forget About The Plague
“10-year US real rates are now -4.6%,” BofA’s Michael Hartnett wrote, in the latest installment
‘Epic Feats’ Of US Government Dysfunction
The House passed Joe Biden’s social spending plan on Friday, clearing the way for Joe
Front-Running ‘Semi-Predictable Volatility Storms’
Over the course of 2021, the notion that OpEx is associated with vol expansions and
Austria Mandates Vaccines, Locks Down Country In Dramatic Crackdown
Market sentiment took a hit Friday from news that Austria will institute a 10-day nationwide
The Final Decoupling: Markets Achieve ‘Autonomy’ From Fundamentals
When BofA asked the 350 panelists who participated in the November edition of the bank’s
Another Quick Word On The Market’s Tech Addiction
Earlier this week, in “The ‘Greatest Risk’ To The ‘GAMMA’ Stocks,” I mentioned SocGen’s Albert
In Turkey, ‘History Is Now Going In Reverse’
You can have your theories, but Turkey’s Recep Tayyip Erdogan “cannot be on the same
Firms See Long-Run Inflation Running Far Above Fed Target
If you’re inclined to extrapolate from regional Fed surveys, the US economy is still running
A Straight Horizontal Line
In a wonderfully ridiculous example of fitting a narrative to a given day’s price action,
In ‘Dreamland,’ Nobody Knows Anything
To the extent they’ve succumbed to avarice, market participants could use “a little bit more
Crash-Up! Retail Investors Engineer Another Gamma Squeeze
There’s been a “massive grab” for short-dated lottery tickets in high-flying US growth shares and
Housing Starts Data Betrays Eye-Watering Disparity
US housing starts fell a second month in October, data out Wednesday showed. Starts dropped
‘Raging Manias’ And The Only Acceptable State Of Affairs
The headlines are littered with bubble warnings. Of course, that’s been true every day for
The ‘Greatest Risk’ To The ‘GAMMA’ Stocks
Earlier this month, I noted that “concentration risk” in US equities is the highest it’s
Investors ‘Storm’ US Housing Market, Buy 90,000 Homes In Three Months
As US home prices ascended into the stratosphere amid a confluence of pandemic dynamics all
Goldman Delivers 2022 US Equity Outlook (It’s Bullish)
700 points separates Goldman’s year-end 2022 target for the S&P 500 from Morgan Stanley’s forecast.
Forget Bill Dudley. Mind The Flows That Matter
If you’re looking to explain intraday market swings, don’t read too much into the incessant
Just Two Old Friends
As long as you weren’t expecting anything substantive from the first face(time)-to-face(time) summit between Xi
Shop ‘Til You Drop
US retail sales exceeded expectations for October, data out Tuesday showed. Sales rose 1.7% last
Summers Warns Biden, Fed: Control Inflation Or Trump Comes Back
I’ve critiqued Larry Summers at regular intervals over the course of 2021 mostly because, in
Gasp! What If The Workers Aren’t Coming Back?
What if the workers aren’t coming back? Seemingly every update on the US labor market
Why US Stocks Will Lag The World In 2022
“Serene progress.” That amusing characterization of global equities’ monumental post-pandemic rally comes from a 64-page,
Topics Du Jour: Musk, Bernie, Burry And Bulletproof Stocks
The new week dawned with familiar banter. “Banter” may not be the best word. It
China Surprises As Key Data Shows Resilience Amid Slowdown
The Chinese economy exhibited further signs of moderation in October, but data out Monday was
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