Sentiment was described as “mixed” Thursday. I suppose that’s accurate, as far as subjective assessments
Author: therealheisenberg
‘Upcoming Meetings’
Ostensibly, traders had good reason to parse the April Fed minutes. After all, the US
Up In Smoke: Crypto Disaster Sparks Anger, Incredulity
On Wednesday, amid a veritable collapse in crypto prices, one twentysomething in California explained his
Fear Of Atonement
“There is just ‘no bid’ in broad US Equities INDEX upside,” Nomura’s Charlie McElligott said
‘Something May Be Up’
Through Tuesday of this week, US equities and TLT had moved in the same direction
Bitcoin Blues
“US equity market prices have surged over the last year, prompting concerns about stretched valuations
We’re All Cathie Wood
At this point, it almost feels gratuitous to deliver more play-by-play commentary on the recent
Unambiguously Bullish, But…
Investors are “unambiguously bullish,” reads the first line of the color accompanying the May vintage
‘Courageous’ China May Impose Losses On Huarong Bondholders: NYT
When last I checked on the Huarong debacle, reports indicated the PBoC was set to
Housing ‘Zenith’
Housing starts came in at the low-end of the range for April, perhaps suggesting that
External Factors
Sentiment improved Tuesday, as markets seemed at ease (figuratively and literally) with Richard Clarida’s assurances
Compelling Narratives
A lackluster start to the week was blamed, in part anyway, on underwhelming data out
Companies Made Some Money. People Bought Some Stocks
You know, it’s funny: Q1 2021 was just about as good as it gets on
Labor Rising
The global recovery is “red-hot,” Morgan Stanley declared, in the course of reminding market participants
A ‘Healthy Level’
“A healthy level of inflation is a sign the economy is healthy,” Raphael Bostic said
Fitful Starts
Equities are consolidating, a process which could last between one and three months, and will
Not Your Hedge
Meanwhile, from the “things you don’t see everyday” file, TLT fell 50bps on three consecutive
The Dairy Aisle
On Friday, in response to a reader comment, I noted that the archetypal American Everyman
Mandatory Action Verbs
“Nobody actually has a very good handle on where near-term inflation prints will land, and
Shaking The Edifice
Although things had an “all’s well that ends well” feel to them by Friday afternoon,
Israeli Military Sends Loud Message To International Media
On Saturday, an Israeli airstrike targeted a tower housing the offices of various media outlets
Goldman Raises S&P Profit Forecast After ‘Stellar’ Q1
Consensus expected corporate profits in the US to rise 20% YoY during the first quarter.
Genie Bottle
All’s well that ends well. For those fortunate enough to own equities, that is. If,
What Happens To Jerome Powell If Inflation Spirals?
“Macro vol is back,” Deutsche Bank’s Alan Ruskin declared, following this week’s shocking CPI report,
Inflation Expectations Skyrocket, Knee-Capping Sentiment
Consumer sentiment unexpectedly soured in May, the preliminary read on the University of Michigan’s gauge
Halfway To $1 Trillion And A Trio Of Summer Calls
If you were wondering whether inflation worries and the stunning miss on US nonfarm payrolls
US Retail Sales Suffer Stimulus Hangover
US retail sales were unchanged in April, data out Friday showed. Consensus expected a 1%
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