US consumer moods unexpectedly deteriorated early this month, when inflation expectations moved meaningfully higher. That’s
Author: therealheisenberg
US Shoppers Unbothered, Apparently
Nominal spending in the US held up in July and a key underlying measure economists
Quality Not Guaranteed
In “How Overvalued Are The Most Expensive Stocks?” I spent a few minutes editorializing around
No Gut, No Glory
Donald Trump’s not famous for subtlety, nor stoic reserve. When in doubt, Trump goes with
How Overvalued Are The Most Expensive Stocks?
It’s been (another) good year for the mega-cap market leadership. There are exceptions. Namely Apple
Did The Levee Just Break?
We might need to fire another statistician. Wholesale price growth across the US economy ran
Skew (Still) Has A Story To Tell
Cautious. That’s something I won’t blame you for being. I spent some time being cautious
‘These Types Of Speculative Frenzies’…
I’ve talked a lot recently about… well, about everything. That’s what I do: Talk all
Tragicomic Punchlines
Until the US labor market turns — and that’s assuming the Trump administration lets it
September’s Burning Question
Hell, why not 50bps? That’s what Scott Bessent wants to know ahead of next month’s
Hope: A Novelette
My ghetto’s not your culture, people really die here So hard to say goodbye, is
As Summer Stock Melt-Up Crescendos, Is It Time For Caution?
Well, I told you so. I dare say I’ve trafficked in more bullish equity banter
A ‘Major Lawsuit’ For A ‘Major Loser’
Donald Trump’s going to sue Jerome Powell. Or something. We’re so far afield by now
Services Inflation Makes A Comeback In Otherwise Benign CPI Report
The first CPI report of the post-Erika McEntarfer era at the BLS conformed to expectations.
Chips Ahoy!
That’s ok. You can keep them. Thanks anyway, though. No sooner had Jensen Huang secured
Capex, Good Or Bad?
Capex, good or bad? It depends. Good, generally. Or at least that’d be my assessment.
‘Roving Mobs Of Wild Youth’
On June 9, I stated the obvious about Donald Trump’s decision to put troops on
For Sale: US Trade Policy
“I appreciate the fact that you designed that chip specifically for the Chinese market, and
‘Hard Landing’ Is Passé For Pros
Fund managers are the most bullish since “Liberation Day” was just a bad idea competing
Data Dubiety
Ready your best gallows humor, it’s CPI week in the US. Judging from reader comments
Zelensky To Trump, Putin: ‘This Is Our Land’
Volodymyr Zelensky doesn’t want any part of it. A ceasefire arrangement negotiated without the participation
Bull Markets, Dog Days
Don’t fight it. The stock melt-up, I mean. It’s a losing battle. At least until
Trump-Putin Ukraine Plan Validates Kremlin’s Modus Operandi
Congratulations to Vladimir Putin. He’s on the verge of securing from Donald Trump, shrewd negotiator,
Not The Gold!
An under-appreciated aspect of policymaking in any Trump administration is the (I think incontrovertible) fact
Boardroom Drama
I’m running low on fake Donald Trump astonishment. After a while, there’s something disingenuous about
‘Giving Gazans A Good Life’
Israel’s going to take over Gaza. Completely. But don’t worry. They’re not staying. It’s a
Tariff Fatigue
Donald Trump’s latest and “greatest” tariffs kicked in Thursday. By now, who cares? “What difference,
You must be logged in to post a comment.