Late last week, when December payrolls showed the leisure and hospitality industry shed nearly a
Author: therealheisenberg
What, No Champagne? Markets ‘Remarkably Indifferent’ To $2 Trillion Biden Plan
As soon as Joe Biden finished speaking on Thursday evening (and even before he started),
JPMorgan Beats Helped By Reserve Release, But Dimon Delivers Caveats, Warnings
JPMorgan kicked off earnings season Friday, with Wall Street’s five largest banks on track to
Meet Joe Biden’s $1.9 Trillion ‘American Rescue Plan’
Joe Biden’s opening stimulus salvo will carry a $1.9 trillion price tag. Early reports put
Why Do We Bother? (No Time Soon)
It’s weeks like this when you wonder why we even bother with markets. Sure, there’s
Lacy Hunt Has Some Old Dogma He’d Like You To Consider
“Investing in a 30-year US Treasury bond at a paltry yield of 2.4% on December
Disaster Strikes As Jobless Claims Suddenly Surge To Almost 1 Million
Nearly 1 million Americans filed for unemployment benefits last week, a rather disconcerting development that
Alibaba, Tencent Spared Trump’s Wrath. Xi ‘Hopes’ Starbucks Can Thaw Cold War
Maybe it was just my espresso high (which would be ironic in this case), but
$2 Trillion It Is?
Market participants were poised to focus on Joe Biden’s economic plan Thursday. A report, from
China’s Exports Robust As Trade Surplus Hits Record
The data out of China continues to suggest the world’s second-largest economy is on reasonably
Second Time’s The Charm
Another day in paradise stateside found US lawmakers debating what, on any rational interpretation, isn’t
Of Bonds And Bernie
For the second consecutive day, bonds rallied and a strong auction result suggested the Treasury
Fed ‘LOLables’: Nomura’s McElligott On When Rising Real Rates Will Become A Problem
When it comes to client inquiries, Nomura’s Charlie McElligott hears the following more than any
Mitch McConnell Ponders Personally Relegating Trump To Dustbin Of Political History
We’d all be remiss not to take note when reports indicate that Mitch McConnell has
First Time For Everything And The ‘360-Degree Tapering Debate’
There’s a first time for everything, and Donald Trump was poised to become the first
US Inflation Steady, As Benign CPI Report Damps Inflation Rancor
Inflation in the US matched estimates for December, data out Wednesday showed. The latest read
Old Mac’Donald’
Markets plodded along Tuesday, exhibiting a familiar sense of annoyed apprehension. In simple terms: Anyone
The ‘Totally Appropriate’ Tail Risk
It’s not likely that Americans, as a body politic, will come to any kind of
Here’s When Higher Yields Will ‘Become A Problem,’ According To One Bank
When will rising US bond yields become a problem for equities and risk assets more
Whose Fault Is This, Anyway?
An unchanged landscape provided for nothing in the way of resolution Tuesday, as investors and
Despite Virus Mutation, ‘Unprecedented Riot’ In D.C., Goldman Says World In ‘Home Stretch’
I’ve used the “light”/”tunnel” analogy. Goldman calls it the “home stretch.” However you choose to
Beneath The Cloud Of Abject Insanity
I’m not sure you could call it “angst,” exactly. Coming off the weekend, US markets
Breakeven ‘Overshoot’ Belies Lingering Disinflationary Probability, One Bank Says
Is the move in breakevens overdone? One bank thinks the answer is “maybe.” If you
Where We Are & Where We Could Be Going
You can thank, in part anyway, the virtuous volatility compression feedback loop for US equities’
Bitcoin, ‘Reliable Store Of Value,’ Collapses 20% In 48 Hours
Bitcoin collapsed on Monday, although “collapse” is a relative term when you’re talking about something
Overcooked?
Risk sentiment felt a bit frail to kick off the new week, but analysts seem
‘A Kind Of Madness’
“We want you to be assured that we will not support candidates who do not
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