Hot on the heels of a cool read on US factory activity, markets were treated
Author: therealheisenberg
UK Faces Unimaginably Cruel Two Years, BoE Forecasts Suggest
The Bank of England on Thursday hiked rates by 75bps. It was a landmark moment.
The Rug Pull
The Fed “executed the rare ‘dovish statement, but 10/10 hawkish presser’ surprise,” Nomura’s Charlie McElligott
The Scientific Method
Jerome Powell almost threaded the needle on Wednesday. Around 20 minutes into one of the
Fed Tips Slower Hikes, But Restrictive Nod May Placate Hawks
The Fed on Wednesday hiked rates by 75bps, as expected. It marked the fourth consecutive
Terminal Patient
This’ll be stale as soon as Jerome Powell speaks on Wednesday afternoon, but only in
Really Strong, Really Uneven
Despair, dear friends. Despair. US private sector employers added more jobs last month than any
Burning City On A Hill
I’ve come to despise politics, which is unfortunate because I was raised around political scientists,
Were Mega-Cap US Tech Stocks ‘Imposters’ All Along?
Over the past, let’s call it three or four years, I’ve repeatedly referenced the suggestion
‘Soft Landing’ Hopes Electrocuted By Million-Volt JOLTS Beat
Crucial labor market data released a day ahead of the Fed’s November policy meeting suggested
Good News, Bad News And Vice Versa
US factory activity is on the verge of contracting. That’s the bad news. The good
Crucial ‘Downshift’ Narrative Confirmed On Dubious RBA Anniversary
It looks as though central banks have decided that downshifting to smaller rate hike increments
The ‘Reopening Committee’
The Chinese Foreign Ministry is “not aware” of any committees tasked with coordinating a grand
Kolanovic, Wilson Agree: Central Bank Tightening Has Likely Peaked
Wall Street’s most outspoken bear and the sell-side’s most famous bull agree on one thing
Wicked Reversal Risk Hangs Over Fed Meeting
You have to think three steps ahead these days. At least. By now, the Fed’s
The Fed Should End The Timiraos Speculation
Earlier this month, when I was still willing to tweet something other than links to
US Inflation May Soon Collapse: Mike Friedman
If Milton Friedman was right, inflation may be poised to crater. “[CPI] is one of
It’s Bad In Europe
Surprise! European inflation printed ahead of estimates for the sixth consecutive month. Consumer prices likely
‘British Specialists’
It was Colonel Mustard, in the library, with the candlestick! The Kremlin says Moscow knows
Why Goldman Thinks The Fed May Hike Past February
Notwithstanding an inevitable “step-down” in the pace, Jerome Powell’s Fed may find itself compelled to
Labor Of Dove
In addition to Jerome Powell’s all-important post-FOMC press conference, markets will grapple in the days
What To Expect From Jerome Powell’s All-Important Presser
Jerome Powell needs to balance three considerations at the November FOMC meeting. Most obviously, there’s
Pivot Buzz Looses Dangerous Animal Spirits
“It’s certainly bold from a timing perspective,” Nomura’s Charlie McElligott said. He was referring to
Bad Pivot Optics, And A Harsh Word On Japan
To be fair, there won’t likely be an identifiable all-clear moment for inflation — no
Blink Once For Crash Up
You should be able to tell this story yourself. It’s a familiar tale. Friday’s raucous
Blame Big Oil
26 months ago, almost to the day, the financial pages were awash with news of
Housing Crash Pending
The last of this week’s key housing market data was dastardly. Maybe that’s hyperbole. I’ll
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