JPMorgan’s Marko Kolanovic sees something he hasn’t seen before. Namely, a paradoxical conjuncture that finds
Author: therealheisenberg
‘They Started Shooting The Generals’: All Eyes On Tech
The post-Fed surge in big-cap US tech may have been more about mechanical flows than
Stocks Collapse In Turkey As Lira Meltdown Sparks Panic
A steep selloff in Turkish stocks tripped the Borsa Istanbul’s market-wide circuit breaker on Friday,
As Clear As Mud
Risk appetite was tepid Friday, as markets continued to assess the path forward after a
Goldman Sees Fed Liftoff In March, ‘Early’ Start To Balance Sheet Runoff
It seems like just last month when Goldman pulled forward their forecast for the first
Elusive Logic
“If there’s logic, it’s of the elusive variety,” BMO’s Ian Lyngen and Ben Jeffery dryly
McElligott Explains The Post-Fed Stock Rally
In the immediate aftermath of the Fed’s hawkish pivot at 2021’s final policy meeting, I
BOE Hikes Rates 24 Hours After COVID Cases Hit Record
I’d say “better late than never,” but I’m not sure it’s applicable. The BoE surprised
ECB Gets Creative. Will Reduce Asset Purchases While Buying More Assets
The ECB got right to the point in the statement accompanying the bank’s final policy
Lira Bleeds Out As Erdogan Pushes Currency Into Abyss
Recep Tayyip Erdogan’s adventures in obstinance continued on Thursday when, as expected, Turkey’s beholden central
You’ve Got Questions, Powell’s Got (No) Answers
Jerome Powell fumbled around in the dark on his way through the final post-FOMC press
Powell Wins Plaudits For Buy-The-Fact Stock Rally
US equities had their best “Fed day” in more than a year, even as Jerome
Fed Bids ‘Transitory’ Adieu, Pulls Hikes Forward, Doubles Taper Pace
It’s official. Inflation isn’t “transitory” anymore. Not that American consumers needed confirmation. And even if
Disappointing US Data Has Stagflation Vibe
US retail sales rose far less than expected in November, data out Wednesday showed. The
Is The Fed About To Become A Hawkish Outlier?
Irrespective of any spin or successful needle-threading from Jerome Powell, there’s a chance the Fed
A ‘Bad News Day’ For China Watchers
Key data out Wednesday suggested the Chinese economy remained under pressure in November as property
Fed Worries Prompt Cash Dash, Triggering Contrarian Buy Signal
Expectations for higher short-term rates are the most elevated in three years, underscoring the perception
McElligott On ‘Fatigue’ At A ‘Treacherous’ Juncture
Fatigue is in the air as 2021 winds down and rates look to Wednesday as
US Producer Price Inflation Nears Double-Digits
US producer prices rose far more than expected in November, data out Tuesday showed. The
Pfizer Confirms Pill Prevents Hospitalization. Investors Move On From COVID
Hours after results from one of the first real-world studies of the Omicron variant’s capacity
Pfizer Stops 70% Of Hospitalizations In Real-World Omicron Study
One of the first major, real-world studies of the Omicron variant’s capacity to evade existing
‘There’s Only One Risk That Matters’
“Are you a buyer of dips?”, an anchor asked a guest, during a painfully generic
‘Event’ Risk
Most equity forecasts for 2022 are constructive. Even the “bearish” calls aren’t properly bearish. Morgan
Analysts, Investors Will Never Admit The Truth About Turkey
Recep Tayyip Erdogan was back above the fold across mainstream financial media outlets on Monday.
Are Fed Critics Overcorrecting For Recency Bias?
Nearly every media article about Fed policy and US inflation is a contradiction. Commentators and
The QE Addiction Metaphor Revisited
Debates about whether markets can “handle” a Fed tightening cycle and/or a reduction of the
Market Breadth Has Collapsed
While marveling at the disproportionate performance burden shouldered by a handful of index heavyweights, BofA’s
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