It almost feel gratuitous to pound the table on China’s disappointing economic rebound and attendant
Author: therealheisenberg
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
GDP Revisions, Claims Mock US Recession Meme
Bad news for the doves among you: The second estimate of Q1 GDP in the
Nvidia Scores Historic One-Day Value Gain On ‘iPhone Moment’
“I think you’re seeing the beginning of — call it a 10-year transition to basically
Resale Inventory Shortage Continues To Plague US Homebuyers
Not enough available homes! That’s the problem on the resale side of a bifurcated US
‘Reality’ Sets In As Germany Falls Into Recession
The world’s fourth-largest economy is in a recession. Or it was at the beginning of
The Future Is Now, Nvidia Shouts
The biggest criticism of 2023’s US equity market is also the simplest: The rally is
Soooo, Stagflation It Is Then?
The word “recession” came up exactly two times in minutes from the May FOMC meeting
Goldman Sees 30% Commodity Rally After ‘Great De-Stocking’
Last week, I talked a bit about commodities as a recession canary or, perhaps more
The Debt Ceiling Double Paradox
The paradox of a US debt ceiling deal is that it could be bad for
Albert Edwards Sees Glaring Disconnect Between ‘Hope And Evidence’
Albert Edwards is skeptical of the rally in equities. I think he’d agree that’s not
This Was Supposed To Be China’s Year. Alas…
This was supposed to be China’s year. You can probably recite the investment case from
UK Gets Another ‘Terrible,’ ‘Crushing’ Inflation Report
There was more bad economic news out of the UK on Wednesday, when inflation data
Mind The Taiwan Canary
Late last month, I identified a couple of additional recession “canaries” to complement the yield
Greedflation Aside, Corporate Profitability Is Feeling The Squeeze
Given all the media attention afforded to so-called “greedflation” (typically defined by reference to near-record
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