After soaring in June on hopes the Trump administration will ultimately settle for less draconian
Author: therealheisenberg
The Man Who Would Have A Palace
I realize this goes without saying, but the Trump administration’s characterization of renovations to the
Nihilists, Dude
Much has been made of the idea that retail investors comprise a bigger share of
It’s Too Early To Fade US Stock Melt-Up, Popular Strategist Says
We’re in inning seven of the current equity market melt-up, which is to say it
US Homebuilders Remain Depressed As Price Cuts Proliferate
Did you hear the good news? That “big, beautiful,” budget-busting regressive tax cut Republicans just
Wall Street Blissfully Ignorant Of Fed’s Erdogan Risk
“Let’s be honest, Fed independence is a myth.” So said some guy in the sales
Plunging Jobless Claims, Robust Retail Sales Argue Against Rate Cuts
Do you want a roaring economy or do you want rate cuts? Because you can’t
Impugn The Imputation?
If the question’s whether we can trust the inflation data, the answer is, was and
The End Of Fed Independence May Be Nigh
Well, it was inevitable. And even saying that’s a testament to just how far afield
Wholesale Inflation Negligible In The US
Wednesday’s only tradable US macro update sent mixed messages about pipeline price pressure. On the
It’s Raining Money In Goldman’s Equities Business
As you might imagine given the volatility on display at the beginning of the quarter,
Bank Of America Remains Going Concern, Results Suggest
Bank of America on Wednesday reported trading results that easily topped estimates, and like JPMorgan
And The Most Crowded Trade Is…
Quick: What’s the most crowded trade on the planet? This is an easy one. You
Burning Questions
Are stocks a bubble? Is it too late to jump aboard the moving train? Did
Smart Money Hasn’t Been This Bullish Since Trump Was Good For Stocks
Fund managers haven’t been this bullish since they were under the impression that Donald Trump
Economists Wrong Again As Core Inflation Tame Despite Tariffs
“LOWER THE RATE!” Shouted a livid Donald Trump, somewhere. Underlying price growth undershot expectations again
Things Are Going Just Fine At JPMorgan, Thank You Very Much
The House of Dimon marked the unofficial start of earnings season in the US on
Chinese Economy On Track To Hit Growth Target, Beijing Swears
Surprise! The Chinese economy expanded fast enough in Q2 to keep the full-year growth target
Margin Risk, Not Valuations, Is Biggest Source Of Stock Uncertainty
One argument against the idea that Donald Trump’s tariffs will manifest in higher consumer prices
Should You Fear Narrow Markets And ‘Euphoric’ Valuations?
Regular readers know I have a love-hate relationship with narrow market laments. The same’s true
Meanwhile, In Japan…
Japan’s often described as a kind of paragon when it comes to the contention that
With Trump’s Help, China Racks Up Record Trade Surplus
So much “winning.” How can you stand it? Draconian US tariffs and pressure on America’s
‘The Currency And Bond Market Can Collapse’: Powell Exit Fears Spread
Late last week, I said big banks need to begin pondering the consequences and fallout
Warsh, Hassett Escalate Powell Witch Hunt
Donald Trump’s not going to fire Jerome Powell. That’s according to, uh, Donald Trump. “No,”
Where’s The Tariff Inflation?
It’s a pretty busy week in the US, where traders will parse key inflation updates,
Trump’s Impossible Tariff Math
What fiscal crisis? The US ran a surprise surplus in June, according to the monthly
Gold And The Sinking Dollar Ship
Gold. It’s — umm — shiny. I’ll say that for it. Whenever I run out
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