Higher now, lower later. That’s been the equities refrain from Nomura’s Charlie McElligott for the
Author: therealheisenberg
Powell Endures Congressional ‘Work Over’
At 1:32 AM on Tuesday, while — I don’t know — finding his way to
Trump Loses It: Israel, Iran ‘Don’t Know What The F-ck They’re Doing’
Furious. That was Donald Trump early Tuesday. He wasn’t mad at Iran. Well, he was,
US Consumer Confidence Back To Melting
It didn’t last. The surge in US consumer confidence triggered by the perception of a
Peace Through Crazy
Hand him that Nobel he’s always wanted. Late Monday in the US (early Tuesday in
Risky Business
Donald Trump’s a risky proposition. Just in general, but particularly as President of the United
Fireworks In Qatar
Iran wasted some missiles it couldn’t spare on Monday taking pointless pot shots at the
In US Housing, Total Gridlock
Existing home sales managed a minuscule uptick in the US last month, data released on
Tariff Inflation Evident In Otherwise Decent US PMIs
Demand’s holding up, but price pressures are evident. That was the overarching message from preliminary
The Gambler
Iran on Monday branded Donald Trump a “gambler” for weekend strikes on the country’s nuclear
What Happens Next…
It’s not about regime change. That was Pete Hegseth’s message to Iran on Sunday morning,
Meanwhile, Back At The Ranch…
The marquee event in the days ahead is the onset of World War III, tentatively
This Is The End, Beautiful Friend
As it turns out, two weeks meant two days. Just 48 hours — give or
Countdown To July 9
According to the ubiquitous people familiar with the matter, a comprehensive US-Europe trade accord won’t
Max Madman Theory
On June 18, The Daily Beast ran a pretty funny headline: “Trump Boasts ‘Nobody Knows
Pros Have Never Been This Down On The Dollar
Dollar dominance is facing its biggest test in the (short) history of American empire: True
Chris Waller Really Wishes Donald Trump Would Notice Him
Chris Waller would really appreciate it if someone — anyone — would acknowledge how hard
One Week In
We’re now one week into the Israel-Iran war. I’m no expert on Israeli political polling,
Donald Trump’s Putting Jerome Powell In Danger
When Jerome Powell was asked this week about his “friend down at 1600 Pennsylvania Avenue,”
‘Widespread Chaos’
“Whatever you do, don’t hit a hospital.” I realize turning the other cheek isn’t an
Back To ZIRP!
We’re back to ZIRP. In Switzerland. Swiss monetary policy’s somewhat eccentric. They aim for price
Not That, This
Jerome Powell’s press conference was a sleepy, uneventful affair on Wednesday. Although tariff expectations have
‘Stupid’ Fed Still Sees Two 2025 Cuts, But Fewer Later
The Fed kept rates unchanged Wednesday, much to the chagrin of a certain US president
Another Day, Another Concerning Read On US Housing
New residential construction activity decelerated sharply in the US last month, data released on Wednesday
US Jobless Claims Highest For NFP Survey Week Since 2023
There was no evidence Wednesday that headline US jobless claims are set to meaningfully recede
Pray For The Profits
Are you sure? Not enough US voters asked themselves that question on November 5, 2024,
What Do You Mean ‘We,’ Kemosabe?
Donald Trump on Tuesday began referring to “we” in the context of Israel’s ongoing airstrikes
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