Inflows to global equities continued apace over the last week, despite considerable “chop” across stocks
Author: therealheisenberg
Two Certainties: Taxes And Pipeline Inflation
Generally buoyant PMIs out of Europe helped brighten the mood at the margins on Friday,
It’s Amazing We Haven’t Had Another Crash
When you think about it, it’s somewhat remarkable that equities are still perched near record
24 Hours After Collapse, Crypto Hears Three Dreaded Letters
Coming off one of the most tumultuous days in recent memory, the cryptosphere could have
Price Pressures And Broken Records
The May vintage of the Philadelphia Fed survey revealed a less-than-ideal, albeit entirely predictable, juxtaposition:
Jobless Claims Halve Under Biden
Jobless claims fell again last week, the government said Thursday. 444,000 Americans filed for unemployment
The Thrill Is Gone
Sentiment was described as “mixed” Thursday. I suppose that’s accurate, as far as subjective assessments
‘Upcoming Meetings’
Ostensibly, traders had good reason to parse the April Fed minutes. After all, the US
Up In Smoke: Crypto Disaster Sparks Anger, Incredulity
On Wednesday, amid a veritable collapse in crypto prices, one twentysomething in California explained his
Fear Of Atonement
“There is just ‘no bid’ in broad US Equities INDEX upside,” Nomura’s Charlie McElligott said
‘Something May Be Up’
Through Tuesday of this week, US equities and TLT had moved in the same direction
Bitcoin Blues
“US equity market prices have surged over the last year, prompting concerns about stretched valuations
We’re All Cathie Wood
At this point, it almost feels gratuitous to deliver more play-by-play commentary on the recent
Unambiguously Bullish, But…
Investors are “unambiguously bullish,” reads the first line of the color accompanying the May vintage
‘Courageous’ China May Impose Losses On Huarong Bondholders: NYT
When last I checked on the Huarong debacle, reports indicated the PBoC was set to
Housing ‘Zenith’
Housing starts came in at the low-end of the range for April, perhaps suggesting that
External Factors
Sentiment improved Tuesday, as markets seemed at ease (figuratively and literally) with Richard Clarida’s assurances
Compelling Narratives
A lackluster start to the week was blamed, in part anyway, on underwhelming data out
Companies Made Some Money. People Bought Some Stocks
You know, it’s funny: Q1 2021 was just about as good as it gets on
Labor Rising
The global recovery is “red-hot,” Morgan Stanley declared, in the course of reminding market participants
A ‘Healthy Level’
“A healthy level of inflation is a sign the economy is healthy,” Raphael Bostic said
Fitful Starts
Equities are consolidating, a process which could last between one and three months, and will
Not Your Hedge
Meanwhile, from the “things you don’t see everyday” file, TLT fell 50bps on three consecutive
The Dairy Aisle
On Friday, in response to a reader comment, I noted that the archetypal American Everyman
Mandatory Action Verbs
“Nobody actually has a very good handle on where near-term inflation prints will land, and
Shaking The Edifice
Although things had an “all’s well that ends well” feel to them by Friday afternoon,
Israeli Military Sends Loud Message To International Media
On Saturday, an Israeli airstrike targeted a tower housing the offices of various media outlets
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