The second estimate of Q3 US GDP, released on Wednesday, painted a similar picture to
Author: therealheisenberg
Stocks Aren’t Out Of Melt-Up Fuel Yet
With all the talk of record (or near record) inflows to US equity funds, and
Destination Unknown
The Fed’s on a road to somewhere, they just don’t know where. That was one
Wishful Thinking
Way back last month, consumer confidence in the US soared the most since “stimmy” was
New Home Sales Plunge, Prices Rise In Still-Distorted US Housing
Sales of newly constructed US homes fell sharply in October, when the South was recovering
Have You Heard The Good News?
Donald Trump took a few minutes away from hawking his latest book (“SAVE AMERICA”), promoting
Structural, Ongoing And Permanent
I’m never sure how much editorial attention to afford the ongoing active-to-passive shift in the
Goldman’s Rubner Orders SPX 7K Hat
If you ask Goldman’s Scott Rubner, the S&P’s likely to hit 6,200 by year-end, and
America Or Nothing
On Sunday evening, ahead of Thanksgiving week in the US, I wrote that “for all
Justifying The Bubble
US stocks. You gotta have ’em. Unless you want to underperform. And nobody wants that.
Adult Supervision
“Oh good, Scott Bessent!” Maybe that’s something people say in all sorts of contexts. Like,
Give Thanks 2024
It’s Thanksgiving week in the US, and longtime readers know just how I feel about
Beware The Bonds?
I have serious reservations about the medium-term outlook for US equities, and to the extent
Trump Picks Gay Soros Protégé To Run The US Treasury
Someone described Scott Bessent, Donald Trump’s nominee for Treasury Secretary, as a “peace offering” to
Buy It All
In the humorously titled “MAGAFOMOTINA,” I noted that US equities have surpassed $400 billion of
MAGAFOMOTINA
They were (still) buying US stocks over the last week. On the heels of an
Rusty Nails
Another month, another robust read on US services sector activity. The flash print on S&P
Roaring 20s
US equities are having a good year. Maybe you noticed. Specifically, the S&P’s up nearly
Commencing ‘Cash Out’?
Has the great “cash out” commenced? No, probably not. But US money market funds did
Yardeni 10,000 Or Edwards 10?
Ed Yardeni thinks the S&P could reach 10,000 by 2030. Albert Edwards reckons it at
‘Our Crazy Neighbor’
We’ve all had annoying neighbors at one point or another in our lives. But unless
Americans Dig Deep, Buy Homes
Americans bought some houses last month, God bless ’em. Existing US home sales, which’ve spent
Fanciful Claims
US jobless claims came in low. Again. Again, again. Thursday’s initial filers print was just
Nvidia Keeps The Dream Alive
The planet’s most important stock, and most valuable company, topped estimates in quarterly results released
If You Have To Think…
The chuckles. For a hard-hearted individual, I get them a lot. On Wednesday, I found
Tony Schwartz
Last year, Goldman’s David Kostin channeled Taylor Swift for the title of his year-ahead equity
Knock-Knock-Knockin’ On Seven’s Door
It wasn’t all that long ago that five-handle mortgage rates seemed like a real possibility
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