The US consumer is resilient. Or at least that’ll be the narrative until there’s conclusive
Author: therealheisenberg
Impossibly Wild 2022 Sets Up Near Certainty For 2023
Some believe the subtle shift in central bank behavior witnessed over the past month means
Can Mark Zuckerberg Go Broke?
It was a rough day to be Mark Zuckerberg. For the second time in 2022,
‘Recession Over’ Jokes Mask Weaker US Economy
Rejoice. The US has exited recession. There’s some sarcasm in there. Don’t miss it. After
Amazon Risks Wipeout With Bad Guide. Apple Still Apple
Amazon and Apple closed the book on mega-cap US tech earnings Thursday with results that
A ‘Historic’ Multi-Billion Dollar Meme Stock Restructuring
Credit Suisse didn’t implode. As it turns out, the shrill social media cacophony and sundry
ECB May As Well Just Quit Now
Convoluted. That’s a one-word description of the ECB’s October meeting, which found Christine Lagarde and
Zuckerberg’s Metaverse Ambitions Bleed Billions
Mark Zuckerberg’s fading fortunes (and you can take that figuratively, literally or both) hung in
Is Canada’s Monetary Policy Hopelessly Politicized?
You need the nuance. It’s critical. Hold that thought. The Bank of Canada underwhelmed markets
New US Home Prices Reaccelerate As Mortgage Rates Top 7%
New home sales held up better than expected in the US last month, data out
The Offshore Yuan Just Surged The Most In History
A top tier global economy intervened to stabilize its currency on Tuesday and Wednesday. And
Stale Chips
I’d call them inauspicious developments, but that seems trite. Seemingly all developments are inauspicious in
Is A Treasury ‘Intervention’ Imminent?
Janet Yellen is “very focused” on Treasury market functioning. That’s according to remarks delivered on
Pace Of US Home Price Gains Falls Most Ever. Again
The Fed’s efforts to pop a housing bubble they helped facilitate are working. The pace
Stubborn Inflation Has Americans In ‘Dismal’ Mood
In yet another sign that the US economy is poised to decelerate after what economists
Microsoft, Alphabet Results May Underwhelm Anxious Markets
Alphabet and Microsoft kicked off mega-cap US tech earnings on Tuesday afternoon with what I’d
‘Terrified’ Buyside Has Fed Pivot FOMO
The buyside is woefully underexposed and “terrified” of missing out on any extension of the
In China: More Drama
Tuesday brought more drama in Chinese markets. A day on from an egregious selloff in
‘Large Inflation Downshift’ Coming, JPMorgan Says. But…
“The baseline remains,” JPMorgan strategists wrote Monday, summarizing the bank’s views across assets and markets.
Mike Wilson The (Tactical) Bull
Morgan Stanley’s Mike Wilson is bullish. Tactically, but any sort of bullishness from Wilson is
US Economy Started Q4 On Thin Ice, PMIs Suggest
If bad news is good news, there was good news Monday. Or something. US business
Rishi Sunak Volunteers For Open Job Steering Titanic
Less than four months after resigning as chancellor and less than two months after losing
Commandment Economy
A week ago, while documenting Xi Jinping’s muscular speech to open the 20th National Congress,
Crash In Hong Kong Shows ‘Mr. Market’ Clueless On Xi
Chinese assets and, perhaps more aptly, the people who trade them, weren’t amused with Xi
Europe’s Woes Worsen On Eve Of Mammoth ECB Hike
The economic outlook for Europe continued to darken early this month, according to preliminary readings
Meanwhile, Back At The Ranch…
Between the de facto institution of one-man rule in China, the ongoing destruction of civilian
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