“We believe rates market repricing went too far and the Fed will surprise dovishly relative
Author: therealheisenberg
‘That Light At Tunnel’s End Was Actually A Train’
“Now, [it’s] clear that light at the end of the tunnel was actually an oncoming
Crisis-Battered Bank Of England Stares Into Dark Abyss
The UK economy shrank in April from the prior month, data out Monday showed. It
Panic Returns To Markets As Fed Fears Crescendo
Risk sentiment was severely impaired Monday, when acute angst about the outlook for Fed policy
Traders Get No Respite From Data During Fed Week
The June FOMC meeting isn’t the only notable event on the docket this week, although
Volcker Or Bust: What To Expect From June’s Fed Meeting
The June FOMC meeting will dominate the news reel this week. Let’s be clear about
America Needs To Rediscover Sacrifice In Inflation Fight
The Fed needs to show some conviction this week. The June FOMC meeting is an
Euro Fragmentation Demons Haunt ECB’s Rate Hike Dreams
Time and again over the past several years, I’ve suggested that absent the ECB backstop,
You Still Owe The Fed $38.6 Trillion
Let’s start with a simple premise: The Fed now realizes that the massive windfall from
The Math Just Doesn’t Work For US Stocks
It’s still not a real selloff. US equities suffered their second worst week of a
Traders, Fed Confront ‘Utterly Mad’ Reality
“Where’s my bear market rally gone?” BofA’s Michael Hartnett wondered, somewhat sarcastically. The bank’s semi-famous
Wall Street Gripped By Policy Panic, Stagflation Fears
Friday brought gloom and doom aplenty for the US economy, where price pressures continue to
‘Dismal’: US Consumer Sentiment Collapses To Record Low
US consumer sentiment collapsed to a record low in early June, the preliminary read on
Unmitigated Disaster: US Gets Worst Inflation Report Yet
Consumer prices in the US accelerated more rapidly than expected in May, crucial data out
Nabiullina’s Miracle: Russia Cuts Rates To Pre-War Levels
Elvira Nabiullina should’ve resigned when Vladimir Putin invaded Ukraine in February. As it turns out,
‘We Gotta Eat’: Food Crisis Becomes Biggest Macro Flashpoint
Wishful thinking. That’s a two-word summary of the pushback you’ll likely receive if you’re brave
An S&P That ‘Looks Through’ Inflation Vol Is 7% Higher: JPMorgan
A fixture of various “new era,” economic-regime-shift commentary is the idea that macro volatility has
Albert Edwards Sees Telltale Recession Signs
SocGen’s Albert Edwards sees telltale signs of an economic downturn. In and of itself, that
ECB Commits To Series Of Rate Hikes In Perilous Pivot
The ECB will end net asset purchases under its long-running QE program on July 1,
China Rapidly Shoots Down Ant Group IPO Revival ‘News’
For a few minutes on Thursday, markets thought Chinese officials were leaning towards reviving Ant
Deflation, Not Inflation, Is Biggest Risk: Cathie Wood
Cathie Wood has an idea. Don’t worry. It’s not a pitch for flying taxis that
Debt Don’t Fail Us Now
The cracks are getting wider in the US economy. Mortgage applications dropped 6.5% last week,
The Moral High Ground When Everyone’s Immoral
“Saddam Hussein wasn’t an especially good guy.” That’s about all anyone who still defends America’s
OECD Warns Of ‘Famine’ As World ‘Pays Price’ Of Putin’s War
“A humanitarian crisis is unfolding before our eyes, leaving thousands dead, forcing millions of refugees
Can We Keep A Few S&P Points For Posterity?
When will the Fed rescue equities? Does the vaunted “Fed put” still exist? If so,
‘Summer Of Volcker’
“There simply isn’t the conviction or willingness to take your underlying core exposure back up
Target Sounds Macro Alarm. Again.
The writing is on the wall. And it’s scrawled in big, red letters. US corporate
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