Remember: The US government isn’t a corporation. Stan Druckenmiller may not understand (or appreciate) that,
Author: therealheisenberg
The Macro-Market-Policy Conjuncture According To Charlie McElligott
Skew is dead, long live skew. For the better part of two months, Nomura’s Charlie
Bombs Away
A few days ago, the social media platform formerly known as Twitter was alive with
US Jobless Claims Plunge, Adding To Case Against March Rate Cut
If you were looking for more evidence to suggest the US economy and labor market
How Corporate America Benefited From Fed’s Rate Hikes
When it comes to explaining the conspicuous absence of “the most well-telegraphed recession in US
Hawkish Correction?
What a difference a few days makes. Late last week, overzealous markets were so convinced
Builder Mood Bolstered By Big Drop In Mortgage Rates
Homebuilders across America are feeling quite a bit better about things all of a sudden.
Doves Singed By Hot US Retail Sales
US retail sales were much stronger than expected in this week’s only top-tier data release
UK Inflation Rises, Burns Rate Cut Bets
Bad news: UK inflation ticked up in December. Headline consumer prices rose 4% last month,
Chinese Economy Is Giant Question Mark After Challenging Year
Congratulations to Beijing. China hit its growth goal for 2023 despite Xi Jinping’s best efforts
Options-Selling ETF Trend Spreads To Single Stocks
A little over a month ago, I revisited a familiar, but slightly esoteric topic: Ballooning
Stocks’ Interpretation Of Rate Cut Pricing May Lack Nuance
Stocks’ interpretation of market pricing for Fed cuts in 2024 may lack sufficient nuance. That
Bonds Upset By Waller’s ‘Careful’ Cuts
There’s “no reason” the Fed should cut rates “as quickly or as rapidly as in
$600 Billion Writes Off Recession
And the biggest driver of equity prices in 2024 will be — drumroll — the
Wall Street Earnings Wrap Up With Goldman Reclaiming Equities Crown
“We have a much stronger platform for 2024,” David Solomon said Tuesday, in remarks accompanying
Zelensky Gets Thoughts And Prayers In Davos
“I’m Jamie Dimon from JPMorgan Chase,” said Jamie Dimon, from JPMorgan Chase. “God bless you.”
New Houthi Attacks Leave US, UK With Few Options
Following a round of airstrikes on Houthi targets and positions in Yemen last week, the
The Loners
Every night on my stroll home from nowhere I pass a warm-looking farm-to-table restaurant. It’s
Is China Out Of Ideas To Rescue Its Economy?
China was supposed to cut rates on Monday. Consumer prices are flat in good months
We’re All CTAs Now
Over the years, and across countless articles, I’ve described the extent to which all market
Fed Speakers In Focus As Rate Cut Expectations Build
It’s another holiday-shortened week in the US. Traders coming off the three-day weekend (the third
One More Time: Chaos Is Normal. Calm Is The Outlier
Over and over again, day after day, market observers of all kinds (myself included, although
Taiwan Rebukes China, Elects ‘Troublemaker’ Lai
Somewhere, Xi Jinping donned his famous smirk. Taiwan chose Lai Ching-te for president on Saturday,
Rowdy Rebels
“It’s not possible for us not to respond to these operations.” That accidentally (and tragically)
Xi Stares At Deflation
The Chinese economy is in trouble. You already know that, so I won’t dwell too
Big Bank Earnings More Opaque Than Usual. Which Is Saying Something
Sifting through big bank results is a largely thankless task but, unfortunately, it’s obligatory. JPMorgan’s
Dimon Warns On Risky World As NII Beat Offsets Otherwise Mixed Quarter
JPMorgan kicked off earnings season in the US with what looked like a mixed set
You must be logged in to post a comment.