Jerome Powell’s press conference was a sleepy, uneventful affair on Wednesday. Although tariff expectations have
Author: therealheisenberg
‘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
Supply And Demand, Buybacks And Robots
This isn’t well understood among a lot of “everyday investors” (whatever that means), but stock
US Home Builders Are Full-On Depressed
Yikes! Let me preface this by saying no one expected an upbeat read on US
US Retail Sales Drop Sharply, But Key Spending Measure Solid
Nominal spending across the world’s largest economy fell more than expected last month, even as
What History Says About Stocks And Geopolitical Shocks
In the latest Weekly, I argued that even if the 2025 Israel-Iran war lives up
‘Before It’s Too Late’
Iran wants to talk. Mayday, mayday, mayday! On Monday, multiple reports indicated the Khamenei regime’s
Regime Change By Any Other Name
Israel’s losing some people. Not nearly as many as Iran and certainly no top officials,
China’s Still Struggling
Deflation delays consumption in a pretty straightforward way: If you think it’s going to cost
What To Expect From The June FOMC Meeting
The Fed will keep rates on hold this week. And Donald Trump will be furious
Three-Day Week
This is effectively a three-day business week in the US. And it’s summer (not officially
The End Of Khamenei?
If anything’s clear 20 months on from Hamas’s attack on Israel, it’s that Iran and
‘Red Lines’
Israeli defense minister Israel Katz on Friday said Iran “crossed a red line” when the
Goin’ Up To The Spirit In The Sky
“With the Strength of a Lion.” That was the codename for a yearslong Mossad intelligence-gathering
‘Sell America’: Hyperbole Or Epochal Shift?
At the risk of positing a strawman, sometimes it feels like Wall Street strategists and
Americans’ Inflation Expectations Plunge Most In Quarter-Century
For the first time since late last year, consumer sentiment improved on the marquee gauge
And Now, War
The rumors weren’t rumors. They typically aren’t when the subject’s IDF war plans. Israel doesn’t
‘Big Beautiful Bill’ Is Egregious Reverse Robinhood Scheme
The numbers are in and guess what? The GOP’s “big, beautiful” tax bill accrues handsomely
‘Take It Or Leave It’
“You can take it or leave it.” That’s what Donald Trump’s going to tell the
Claims Canary
I’m always cautious about declaring a turning point for US jobless claims. Each and every
Wholesale Prices Docile As Tariff Spike Fails To Materialize
Another day, another benign read on a key gauge of US price pressures. Wholesale prices
‘Monetary Malpractice’
Unfortunately, JD Vance is weighing in on US monetary policy now too. “Too” meaning in
Meanwhile, In US Housing…
For whatever it’s worth to you, home-loan activity in the US picked up meaningfully after
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