Risk sentiment was tentatively constructive to start the new week, and there was no mystery
Author: therealheisenberg
Currencies In Crisis
Market participants should expect significant additional hand-wringing in the new week about the outlook for
Fed, Markets Fly Blind As Inflation Storm Seen Easing
It’s inflation week in the US. Actually, every week is inflation week in the US,
Breaking The Bank
In “One Trade To Rule Them All,” I characterized the yen’s worst year on record
A Real Issue
The summer rally in US equities was frustrating for some fundamental strategists. It didn’t align
$6 Trillion Down, $33 Trillion To Go
US households saw their net worth decline by more than $6 trillion in just three
One Trade To Rule Them All
If you ever make the (perilous) decision to spend every waking hour immersed in the
Bears, Bears Everywhere
More and more, fewer and fewer market observers are willing to countenance the idea that
Billions Flee Stock Funds Amid ‘Appalling’ Risk Sentiment
Risk sentiment is “appalling,” BofA’s Michael Hartnett declared. Or despaired. Investors ditched stocks over the
Farewell To The Queen
The Queen is dead. And for some reason, I feel bad about it. I’m not
The Fed Should Stop All Public Speaking Engagements
I doubt seriously the wisdom and utility of Jerome Powell (or any Fed official for
ECB Rendered Irrelevant By War, Energy Crisis
The ECB delivered a 75bps rate hike on Thursday, but it could’ve just as easily
Blank. Check.
Calling tops and bottoms in equity markets is, by and large, a fool’s errand. The
You Break It, You Buy It
The Fed is in the inflation fight for “as long as it takes,” Lael Brainard
WSJ ‘Fed Whisperer’ Now Calling All The Shots
On a fateful Friday morning in mid-June, the Fed ran into trouble when an extremely
‘Watch It Go’: The Yen And A ‘Quartet Of Grey Swans’
Admittedly, I ran out of creative ways to tell the same story about the yen
Meanwhile, Canada Sacrifices Housing Bubble To Curb Inflation
The Bank of Canada escalated its battle with inflation Wednesday, raising rates by another 75bps.
Things Just Turned More Serious In China
The outlook for the beleaguered Chinese economy darkened further as trade data for August underwhelmed,
‘Make No Mistake,’ It Can Get Worse For Stocks
It’s been an especially rough year for US equities. In fact, 2022 was worse than
I’m From The Government, And I’m Here To Help
If fighting determined central banks is a fool’s errand, what is fighting panicked governments? That’s
Don’t Panic About The Yuan. Yet
To read the headlines, you’d think the Chinese yuan had depreciated through record levels. Or
Dramatic Divergence Seen In Dueling US Services Sector Surveys
The US economy isn’t in a recession. Or at least not according to a spate
War Footing
The world is six months into the war in Ukraine. Or eight years, or 239
Saudis Snub White House As OPEC Reverses Output Hike
It’d be a shame if oil prices fell too much. OPEC+ on Monday agreed to
Truss Issues
Liz Truss, political shape-shifter extraordinaire, morphed into UK prime minister on Monday, as expected. Her
Europe Turns Chaotic As Kremlin Follows Familiar Playbook
Regional equities were under pressure, the euro sank below 0.99 and benchmark gas prices jumped
High Energy, High Drama
US investors will step out of the holiday and into a data vacuum in the
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