“FOMO” is now a fixture of daily market banter. That’s unfortunate, not because it suggests
Author: therealheisenberg
How Much Did Quants Buy Over The Last Six Months?
It’s no secret that systematic flows can be a deciding factor for equities over short
Corporate America’s New Strategy: Just Say ‘A.I.’
The A.I. discussion is unfolding everywhere, including and especially corporate boardrooms. Those discussions spilled over
The Hawks Are Out
A pair of born-again Fed hawks suggested Monday it’s too soon for markets to assume
Bear Market Rally On Borrowed Time, Wilson Insists
A.I. may be “for real,” but it’s not going to stop a “deep” earnings downturn
The Not-So-Curious Case Of Foreign-Facing Stock Outperformance
Geopolitical tension is running high. Perhaps you noticed. The first three years of the 2020s
Debt Ceiling Crisis Spotlights Democracy’s Dilemma
“Are you just gonna sit there and pick and choose?” Chuck Todd wondered. He was
Boring Bears
Outflows from US equities are ongoing. If this feels a bit Phil Connors–ish to you,
‘So Many Things Can Go Wrong’
If it’s evidence of moderating inflation you seek, you won’t likely find it in this
‘Absolutely Partying’ Until The End Game Arrives
Assuming no US default — and as discussed in the weekly+, you pretty much have
Starry-Eyed
On several occasions over the past six or so months, I’ve delved into the r-star
What Janet Yellen Sees As Debt Limit X-Date Looms
Let’s be clear: Most of us are working on the assumption the US won’t default,
Left For Dead, 60/40 Attempts Comeback
So far, 2023 has been kind to beleaguered 60/40 portfolios. As discussed here at some
Promises, Promises
Jerome Powell said mostly the “right” things Friday while speaking at a monetary policy conference
‘You Can Feel It Turning’: Stock Melt-Up Takes A Toll
Increasingly, funds are concerned they might miss the proverbial boat, and one bank’s client conversations
AI = UBI: The Coming Dystopia
Earlier this year, Goldman estimated that one-fourth of current work tasks in the US could
Popular Strategist Gets Dot-Com Déjà Vu
This time two months ago, the question was: Is it Bear (Stearns) or LTCM? “It”
Money Market Assets, Fed Bank Backstop Usage Hit New Records
Different week, same story. US money market funds continued to swell and borrowing from the
Grenade Jugglers
If you get the feeling various downside scenarios are having a difficult time “realizing,” you’re
The Great American Housing Market Bifurcation
America’s is a bifurcated housing market. If you fancy yourself a macro watcher, you should
‘We Aren’t There Yet’
Some economists were surprised Thursday by the scope of the decline in US jobless claims,
Two ‘Major’ Risks From A D.C. Debt Ceiling Deal
A debt ceiling deal in D.C. would be good news, right? Yes. Yes, it would.
A World At War
With a debt ceiling deal now “doable” (Kevin McCarthy’s word), Joe Biden was cleared for
Is ChatGPT To Thank For All Of 2023’s Stock Gains?
You can’t separate the S&P 500’s YTD gains from the performance of large-cap US tech
‘You Print The Money, I Hate To Tell You’
When it comes to the debt ceiling debate — and just debt in general in
At The Margins
There’s good news and bad news on margins. The bad news is, all three key
The Recession Trade Is Right In Front Of You
Market pricing for prospective Fed cuts in the back half of 2023 is indicative of
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