Outside of jitters about the durability of the US recovery in the face of surging
Author: therealheisenberg
Safe Inside The Bubble
In the new week, market participants will have the luxury of watching the outside world
‘But Nothing That Should Matter To Markets’
“But nothing that should matter to markets.” That disclaimer is applicable to nearly everything these
Don’t Fear The Lock-Up Expiries
When it comes to equities, we know where the demand will come from. Or at
Explaining The Calmest Market Since Yellen’s Short Vol Bubble
The last time things were this placid, Janet Yellen was presiding over the short vol
Monetizing A ‘Free Option’: The Business Of Permabears
On Friday morning, Bloomberg’s Jonathan Ferro delivered a highly amusing indictment of “permabears” live, on
Losing Our Religion
In “A Funhouse Mirror Through Beer Goggles,” I talked about the importance of adjusting one’s
Hot Streak And A Bear Case In Shambles
European equities just enjoyed their largest inflow in eight weeks. The $1.5 billion haul was
‘Dashed Hopes’: US Consumer Sentiment Suddenly Crumbles
It’s relatively rare that University of Michigan sentiment moves the proverbial needle, especially during weeks
The Butterfly Effect
“You’re going to have a secondary hit,” one shipbroker told Bloomberg on Friday. In a
Delta And The Outlook For ‘Cyclical Risk Relaxation’
One thing, at least, is clear. Market participants have downgraded their view on growth. That’s
McElligott On ‘Melt-Up, Crash Down, Crash Up’
Melt-up, crash down and (likely) crash up. That’s one sequencing possibility in US equities, according
Kolanovic Calls Bottom For Bond Yields, Cyclicals
Nearly a month on from raising their price target on the S&P, JPMorgan and Marko
Still Askew
US producer prices rose far more than expected in July, the government said Thursday. The
Crude Confusion And Authoritarian Capriciousness
The “recent rally has lost steam on concerns that a surge in COVID-19 cases from
A Funhouse Mirror Through Beer Goggles
If you fail to adjust your lenses to account for the ongoing drift away from
Delta Spillovers By The Outdoor Bar
With the Delta variant running rampant, you might be asking yourself whether sundry supply chain
Team ‘Transitory’ Gets Small Win. But Caveats Abound
The most anticipated US inflation data since last month’s numbers showed price pressures abated more
Family Time
Mitch McConnell warned of a “nightmare” for “American families” as Democrats moved ahead with one
‘On The Cusp’ Of ‘Urgent Things’
“We’re on the cusp of an infrastructure decade,” Joe Biden declared, in remarks delivered Tuesday
Fractured Myths
Readers often ask if I really believe there’s no threshold for so-called “money printing” in
Only After The House Burns Down
The good news is, spot is “pinned” between the two largest gamma strikes. Or, put
The Future Is Now
“Despite most of Street being at December, I still think there’s a real chance for
Propaganda Everywhere
“Expectations have declined… point[ing] to increasing risks… such as from a possible fourth COVID-19 wave
Suffering Fools: The Blank Check Rant Continued
It’s been more than six years since I engaged in ceremonial bridge burning and otherwise
(More) Help Wanted
Job openings in the world’s largest economy hit a new record high in June, closely-watched
Things Are Getting More Complicated For China
JPMorgan cut its outlook for China, becoming the latest bank to downgrade projections for the
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