“Liquidity, not low bond yields, is fueling this market, and market behavior is so speculative
Author: therealheisenberg
‘Troubling Inflation Seems Far Away, Unlikely,’ Powell Says
“We understand inflation dynamics evolve constantly over time but they don’t change rapidly,” Jerome Powell
Marko Kolanovic: ‘Outlook Is Positive, Buy The Dips’
“[The] outlook remains positive – buy the dip,” reads the first line of the latest
Resilient Durables Does Not A Durable Recovery Make
You can put your own spin on December’s durable goods numbers. The headline print, a
‘We All See It Happening’: Dour Predictions Proliferate As Insanity Reigns
Risk sentiment was noticeably sour Wednesday morning in the US, as market participants pondered earnings,
‘This Is A Riot’: Reddit Stock Mania Channels Populist Battlecry
Apparently, the GameStop fight (which by now includes many more names than just GameStop) has
‘Imminent’ Stock Correction: What’s Bitcoin Got To Do With It?
If you’re expecting a correction for US equities or, at the least, for one of
Stop Asking Me About GameStop, Jason
People keep asking me about GameStop. I’ve been extremely reluctant to engage. But, against my
Today Is Bad, But Tomorrow Will Be Better
Well, consumer confidence ticked higher in January, rising to 89.3 on The Conference Board’s gauge
IMF More Optimistic, Gopinath Says Biden Plan Would Boost US
Good news! Albeit news that most folks won’t be inclined to care much about. The
Stocks, Reflation Trade Due For ‘Deserved’ Break: Morgan’s Wilson Suggests
It’s always interesting to observe the difference in cadence between the rates crowd and the
McConnell’s Relent, Fast Times In Hong Kong & ‘Civic Integrity’
The froth in Hong Kong came off fairly dramatically Tuesday, as the Hang Seng tumbled
Less Money, More Poverty
On New Year’s Eve, as the curtain closed on what, for those lucky enough to
Same As It Ever Was?
Suddenly, the pro-cyclical rotation catalyzed by the prospect of more fiscal stimulus (think: A unified
I’m Old Enough To Remember The Bond Selloff
So much for 1.25%. Late last week, I wrote that the US 10-year was “basically
Mutant Wars: Moderna Takes Aim At South African Virus Variant
Moderna is jumping at the opportunity to take a stab (figuratively and literally) at the
‘The Most Severe Risk’: Goldman On Vaccine-Resistant Virus Mutations
What could go wrong? That’s the question Goldman asked in a sweeping new note that
Froth In Hong Kong, Pessimism In Germany, Bickering Stateside
Risk sentiment was generally muted to start a week that will feature key economic data
As Birx, Fauci Reflect On Trump, Some Seem Unsatisfied
If you’re inclined to hand-wringing about the virus and what could have been, so to
Vacuous Shell Game
The Fed takes center stage this week, and it’s probably not a stretch to suggest
Junk Eyes January Sales Record As Risk-Taking En Vogue
The US corporate bond market remains robust coming off a banner 2020. Last year, both
After All That: Here’s How Trump’s Stock Market Ranks
One of — and perhaps the — defining features of the Trump era was the
Goldman Weighs In On ‘Unsustainable Excesses’ In US Stocks
If you ask Goldman, stocks probably aren’t a “bubble” — or at least not at
Paul Singer Warns On Possibility Of ‘Tremendous’ Inflation ‘Surprise’
As regular readers know, I enjoy lampooning industry “legends” in these pages. Actually, “lampooning” isn’t
Make Stocks Collapse Again
Will anyone hold Jeremy Grantham’s feet to the proverbial fire if his latest dire prediction
An Open Question
“We’ve got the tools, why don’t we use them?”, Joe Biden asked, on Friday afternoon.
‘Those Who Want To Stay Rich’
Earlier this week, I expressed some consternation at the frequency with which the word “bubble”
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