A dramatic selloff on Wall Street pushed US equities to the brink of key levels
Author: therealheisenberg
‘New COVID’: When Bad News Is Just Bad News
“New COVID” was trending on social media Friday. Earlier this week, I suggested markets were
On Black Friday: Panic
There’s nothing like inserting a negative macro catalyst into holiday-thinned Friday trading to shake things
A Lost Decade Looms: ‘Cheap By Proxy Isn’t Actually Cheap’
“Lost decade” warnings are becoming ubiquitous. In some respects, the rationale behind calls for a
Free Stocks For Everyone
In the four-day “week” to November 23, global equity funds logged a small outflow. The
Goldman, Deutsche See Fed Doubling Taper Pace
Over the past week, Fed officials have gone out of their way to socialize the
Fed Is ‘Attentive’ To Your ‘Sizable’ Inflation Burden
If the FOMC minutes hit on a day when no one is around to read
Biden SPR Release Panned As ‘Spectacular Own Goal’
“Underwhelming.” That was one adjective bandied about on Wednesday to describe the impact of the
‘Median’ Americans Now Shop For $408,000 Homes
Another month, another fresh record for median new home prices in the US. The median
The Return Of ‘Good News Is Bad News’
The dollar rose Wednesday, extending recent gains following a hodgepodge of US economic data including
Jobless Claims Plunge To 1969 Levels ‘Due Entirely To Distortions’
US jobless claims plunged last week to the lowest in more than 50 years, data
Is Germany Headed For Recession?
In Germany, where, according to health minister Jens Spahn, “pretty much everyone” will be vaccinated
‘Acceptance Of The Unthinkable’
It’s almost always possible to suggest that some asset, somewhere is a bubble. That simple
How Powell’s Renomination Created ‘Liquidation’ Optic In Tech
“Deliciously weird.” That’s how Nomura’s Charlie McElligott described the under-the-hood price action in equities to
Biden Seizes Chance To ‘Look Presidential’ With SPR Release
The US is tapping the Strategic Petroleum Reserve, The White House said Tuesday, confirming weeks
US PMIs Show ‘Soaring’ Prices, ‘Vastly’ Higher Wage Bills
US economic activity remained robust in November, but growth was impaired by a shortage of
Lira Collapses As Erdogan Flirts With Outright Calamity
“We know quite well what we’re doing with the current policy, why we’re doing it
Marko Kolanovic Asks ‘How Cheap Is Oil?’
For the past couple of months, the Biden administration has been at pains to articulate
When ‘Goldilocks’ Isn’t ‘Just Right’
Cognitive dissonance doesn’t have to be distressing, although it often is. You can harbor inconsistent
Biden, Radical Leftist, Sticks With GOP Investment Banker At Fed
Don’t shake anything up, Joe, it might be too risky. America’s left-wing radical commander-in-chief threw
War Games And Vaccine Agitprop
Some market participants may be concerned, but it isn’t likely that new containment measures tied
Summers Humbly Assigns Numerical Odds To Unknowable Future
I often wonder if there’s a place for humor in the world anymore. People still
Thanksgiving Week Promises Data Feast, Biden Fed Pick
Market participants in the US will take a day off this week to gorge themselves
Bet On The Fed, Not The Macro
“Confusing.” That’s as good a description as any when it comes to assessing US rates,
Wall Street Has Almost Never Been This Pessimistic
We’re now seven weeks into the fourth quarter and US equities have gained in six
Don’t Forget About The Plague
“10-year US real rates are now -4.6%,” BofA’s Michael Hartnett wrote, in the latest installment
‘Epic Feats’ Of US Government Dysfunction
The House passed Joe Biden’s social spending plan on Friday, clearing the way for Joe
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