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Author: therealheisenberg

Tragicomedy And The GOAT Rally

August 28, 2020August 28, 2020

“Consumer sentiment has remained trendless in the same depressed range it has traveled during the

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3 Comments on Tragicomedy And The GOAT Rally

As Correlations Collapse, Thank ‘Tech Bubble’ For Low Index Volatility

August 28, 2020

I’ve committed gallons of digital ink to the noble cause of documenting the scope of,

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1 Comment on As Correlations Collapse, Thank ‘Tech Bubble’ For Low Index Volatility

S&P 500 Now Third-Most Expensive In 120 Years, As Tech Decouples

August 28, 2020August 28, 2020

Well, we did it. We created an equity bubble during a global depression brought on

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2 Comments on S&P 500 Now Third-Most Expensive In 120 Years, As Tech Decouples

Pulse Check

August 28, 2020August 28, 2020

Markets have been subjected lately to a deafening cacophony of viewpoints around whether and to

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1 Comment on Pulse Check

Markets Ponder Life Without Abe As Resignation Raises Policy Questions

August 28, 2020August 28, 2020

“I am not confident of responding to the trust of the people while I am

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3 Comments on Markets Ponder Life Without Abe As Resignation Raises Policy Questions

Max Dovish

August 27, 2020August 28, 2020

“Stocks rise, yield curve steepens” was the five-word summary for Thursday’s action in US equities

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4 Comments on Max Dovish

‘Historic Fed Shift’ Was A Good Headline While It Lasted

August 27, 2020August 28, 2020

“We’re going to try to make up for past misses, but it’s going to be

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3 Comments on ‘Historic Fed Shift’ Was A Good Headline While It Lasted

One Year Later, Fed Formally Adopts Alexandria Ocasio-Cortez Approach To Employment

August 27, 2020August 28, 2020

“I’ve been seeing lately that economists are increasingly worried that the idea of [the] Phillips

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10 Comments on One Year Later, Fed Formally Adopts Alexandria Ocasio-Cortez Approach To Employment

Jerome Powell’s Big Reveal: ‘Flexible Average Inflation Targeting’ Is Here

August 27, 2020August 28, 2020

As expected, Jerome Powell used his address to this year’s virtual Jackson Hole symposium to

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9 Comments on Jerome Powell’s Big Reveal: ‘Flexible Average Inflation Targeting’ Is Here

Jobless Claims Top 1 Million Again As Main Street Suffers, Congress Dithers

August 27, 2020August 27, 2020

With some lawmakers in Washington seemingly unconvinced that the economic situation facing Main Street is

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6 Comments on Jobless Claims Top 1 Million Again As Main Street Suffers, Congress Dithers

Kevin Mayer Finds Mortal Geopolitical Combat Much Harder Than Running Streaming For Mickey Mouse

August 27, 2020August 27, 2020

That didn’t last long. Less than four months into the job, TikTok CEO Kevin Mayer

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‘Accidents And Military Conflicts’

August 27, 2020August 27, 2020

Pre-election “tough on China” jostling has predictably spilled over into the military realm. “Some US

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3 Comments on ‘Accidents And Military Conflicts’

Know Your Worth

August 26, 2020August 27, 2020

Stop me if you’ve heard this one before: US equities hit fresh all-time highs with

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13 Comments on Know Your Worth

Janet Yellen’s ‘Starving’ Americans Look On As Global Stocks Hit All-Time Highs

August 26, 2020August 26, 2020

“I think the speaker is going to hold out until the end of September and

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2 Comments on Janet Yellen’s ‘Starving’ Americans Look On As Global Stocks Hit All-Time Highs

The End Of Urbanization? Sam Zell Says ‘Stop Hiding Out In The Hamptons’

August 26, 2020August 26, 2020

Sam Zell is concerned about American cities. And you can probably guess why. Over the

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7 Comments on The End Of Urbanization? Sam Zell Says ‘Stop Hiding Out In The Hamptons’

Virtual Reality

August 26, 2020August 26, 2020

If there’s a “method” to someone’s “madness”, is it still “madness”? That’s a question the

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2 Comments on Virtual Reality

Durables And Parlor Games

August 26, 2020

In what may (or may not) be another piece of incremental evidence to support what

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1 Comment on Durables And Parlor Games

Preventing ‘Mass Extinction,’ Arbitrary Arrests, Soybeans And $700 Apples

August 26, 2020August 26, 2020

Global equities loitered near their post-March peaks on Wednesday, as those not on vacation (or

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3 Comments on Preventing ‘Mass Extinction,’ Arbitrary Arrests, Soybeans And $700 Apples

Humans And Their Bear Markets

August 25, 2020August 26, 2020

The phrase “bear market for humans” flashed across Bloomberg Television on Tuesday afternoon, just as

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3 Comments on Humans And Their Bear Markets

Trump May Accuse China Of ‘Genocide’ In Potentially Dramatic Escalation

August 25, 2020August 25, 2020

Just when you thought Sino-US relations couldn’t possibly get any rockier, sources say the Trump

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4 Comments on Trump May Accuse China Of ‘Genocide’ In Potentially Dramatic Escalation

Is There Hope For Global Trade Yet?

August 25, 2020August 25, 2020

Global trade rose in June for the first time since December on a monthly basis,

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1 Comment on Is There Hope For Global Trade Yet?

As Housing Booms, Confidence Busts

August 25, 2020August 25, 2020

In yet another sign that the US housing market is a “booming” bright spot in

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1 Comment on As Housing Booms, Confidence Busts

Tasseography (Best Buy Edition)

August 25, 2020August 25, 2020

Like Target and Walmart, Best Buy posted results that generally beat analyst estimates for the

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1 Comment on Tasseography (Best Buy Edition)

Optimism (The Generic Kind)

August 25, 2020August 25, 2020

Predictably, market participants (both carbon-based and otherwise), chased headlines around a phone call between Bob

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3 Comments on Optimism (The Generic Kind)

Exxon Was Having A Bad Enough Year Without Getting Kicked Out Of The Dow

August 24, 2020August 24, 2020

Oh, how the mighty have fallen. In what can only be described as a sign

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6 Comments on Exxon Was Having A Bad Enough Year Without Getting Kicked Out Of The Dow

No Going Back (Squaring The Circle)

August 24, 2020August 25, 2020

It’s a broken record, but squaring financial asset prices with reality is becoming an increasingly

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2 Comments on No Going Back (Squaring The Circle)

Very, Very Well? Desperate Renters, Cash-Strapped Landlords Beg To Differ

August 24, 2020August 24, 2020

“Most of the country is doing very, very well”, Donald Trump said Monday, speaking in

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