The world is supposed to eat apples. Instead, Apple is eating the world. Or at
Author: therealheisenberg
Morgan Stanley’s Mike Wilson: ‘Growth Scare, Rates Scare’ To Trigger ‘First Tradable Correction’ In US Stocks
There’s been no shortage of hand-wringing over the past two weeks (give or take) about
You Two Make A Great Decoupling
A hodgepodge of catalysts supported risk appetite early in the new week, including news that
We Should Be So Lucky
“Sometimes you have to make them feel the heat if they don’t see the light”,
With Crucial Powell Speech On Deck, Consider This ‘Key Nuance’
For markets, the week ahead will likely be defined by what Jerome Powell says about
25% Of ‘Temporarily’ Laid Off Americans Will Become Permanently Jobless, Goldman Says
Questions around the scope of the structural damage dealt to the US economy in March
Escape From America (European Vacation)
Over the past several months, the rally in the euro quite clearly suggested market participants
Deutsche’s Kocic On Risk Parity, Policy, And The Intrinsic Fragility Of The Entire Socioeconomic System
Earlier this month, I revisited the risk parity discussion as it relates to the viability
‘Even For Him’
As expected, the US House on Saturday passed legislation barring the postal service from operational
37%: A FAAMG Story
On Saturday morning, I characterized the market as being defined by what amounts to “one
The Bubble That Never Pops (It’s Been One Trade For Half A Decade)
“We are in a deep recession, yet the stock market has completely blown it off”,
‘Extremely Highly Confident’
“We intend for this package of tariff reductions to mark just the beginning of a
Value(less)
It was only “right” that the week should end with another day of outperformance for
After The Election, Whither King Dollar?
The dollar was on track for a weekly gain Friday, as the greenback rose in
‘Now Booming’: US Economy Gets Good News As Slow Week Grinds To A Close
At least the PMIs are holding up. Following disappointing data out of Europe, where the
In Europe, ‘Fragility’ And ‘Doubt’ Creep Into Data
The European recovery narrative, already under siege from an increasingly disconcerting uptick in coronavirus cases,
Temple Of Doom
I’d be remiss not to point out that the political circus in the US took
Top-Heavy, ‘Trillionaire’ Tech Rally Draws Jeers Ahead Of Big Gamma Roll-Off
Here we go again. It’s probably fair to say that the pro-cyclical rotation witnessed earlier
What’s Next For An Over-Leveraged Corporate America?
Much has been made over the past several months about the impact of massive debt
Certainly, Certainly Not
Two doesn’t make a trend, I suppose, but coming as it does after a miss
Fed Didn’t ‘Exacerbate Moral Hazard’ With Treasury Market ‘Intervention’, Fed Finds
By The New York Fed (via Liberty Street Economics) In response to disorderly market conditions
Jobless Claims Jump Back Above 1 Million In Bitter Disappointment
Last week, initial US jobless claims fell below 1 million for the first time since
‘What’s Not There’
The problem with the July Fed minutes is “what’s not there”, one rates trader said
Fed Minutes Sketch Contours Of Inflation Framework Change, New Forward Guidance
If the Fed was hoping to stoke inflation expectations as part of a broader effort
$2 Trillin: A Job(s) Well Done
The astounding surge in US stocks from the pandemic lows hit in late March marked
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