It’s over. Trussonomics is dead. It lasted less than a month. On Monday, one business
Author: therealheisenberg
All Things Considered, Bank Of America Doing Pretty Well
US consumers “remained resilient” during the third quarter, Brian Moynihan said Monday, in remarks accompanying
Gilt Trip Looms For Panicked Markets
Update: Trussonomics is dead. Jeremy Hunt on Monday effectively scrapped every key element of Liz
Fixer-Uppers
US investors will get a reprieve from top-tier data in the new week, but likely
The King’s Speech
“The next five years will be crucial,” Xi Jinping said Sunday, opening the 20th National
Preaching To A Choir Of Bears
It almost feels gratuitous to keep making the case against US equities. It’s preaching to
‘Yet Another Frame Of Reference’ Collapses Amid Fed Blitz
The rapidity (perhaps “ferocity” is more apt at this juncture) of Fed hikes has markets
‘Foolproof’ 60/40 Has Worst Year In History. ‘Big Low’ Elusive
Hope springs eternal, which is why, when US equities staged their fifth biggest intraday reversal
Dimon, Summers Warn Of More ‘Surprises,’ ‘Mines’ After Wild Week
A wild week for markets closed on a decidedly dour note, as US equities fell
Investment Banking Not Dead, Just Resting
On Friday, on the firm’s Q3 conference call, Morgan Stanley’s James Gorman described himself as
Gas Prices And Hostile Royals
Bad news. More of it. Consumer inflation expectations in the key University of Michigan survey
McElligott Explains ‘Stock Reversal For The Ages’
Thursday’s reversal in US equities was one “for the ages,” as one mainstream media outlet
‘You Have Asked Me To Stand Aside’: Kwarteng Sacked By Truss
“I hope the PM doesn’t think the problem can be solved by getting rid of
Dimon Steers JPMorgan To Solid Quarter Despite Macro Storm
“There are significant headwinds immediately in front of us,” Jamie Dimon said Friday, in remarks
Bank Of England, Markets 1. Truss 0.
Bank of England governor Andrew Bailey deserves plaudits. I guess. Earlier this week, while speaking
US Retail Sales Ambiguous. Like Everything Else In 2022
Retail sales in the US were flat in September, ambiguous data out Friday showed. Overall,
‘Ample Tradable Opportunities’
Plainly, something was “amiss” in equities on Thursday, although I’m not sure “amiss” is the
Fiscal Fold? Truss May Blink On Taxes After Market Crash
Earlier this week, I wondered if the Bank of England might be attempting to enlist
‘More Work To Do’
Market participants weren’t amused with the hottest read on US core inflation in 40 years,
If It Could Go Wrong, It Has
News flow has turned almost uniformly foreboding, which I suppose could be a precursor to
‘Test And Fail’: The Worst-Case Scenario
Earlier this month, BofA’s global equity derivatives team warned of a “test and fail” of
US Inflation Unbowed As Producer Prices Accelerate
Anyone hoping for signs of cooler inflation in the US (so, everyone), was disappointed Wednesday,
Total Chaos: UK Morphs Into Emerging Market
The headlines around the UK’s ongoing economic crisis and attendant policy debacle were a sight
Is The Bank Of England Playing 3D Chess With Liz Truss?
More than a few observers suggested Andrew Bailey was either oblivious or crazy on Tuesday
Markets Are Sick. QT Is Dead
“Signs of sickness are growing in markets,” Nomura’s Charlie McElligott said Tuesday. It was a
SEC Comes Knocking At Bored Ape Yacht Club: Bloomberg
Regular readers will fondly (or not) recall my three-month foray into Web3 and decentralized finance.
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