It won’t surprise anyone to learn that stocks have been more macro-driven than average over
Category: Duly Noted
Why Markets Could Be A Fireworks Show Next Week
The range of possible policy outcomes is expanding in the US. I assume this is
Biden Planning Major New China Investment Curbs
Under intense pressure from lawmakers on both sides of the aisle, the Biden administration is
60/40’s Revenge
Last year was a veritable disaster for pretty much any version of the vaunted 60/40
Disinflation… If You Can Keep It
Party over! US mortgage rates are rising again. I’m just joking. Well, rates did rise
Claims About Jobs
A week later, market participants are still asking questions about an anomalous US jobs report.
Chinese Balloon Part Of Global Military Spy Program: US Officials
The Chinese surveillance balloon Joe Biden shot down last week was part of a global
Half-Empty
It’s hard to know whether to cheer slower consumer credit growth in the world’s largest
AI Frenzy Rekindles Story Stock Mania
It’s a junk rally! Not in high yield (well, there too now that you mention
A ‘Lost Opportunity’
It wasn’t what he said. It was what he didn’t say. Jerome Powell had an
What Kashkari Knows For Sure That Just Ain’t So
Fed officials are uncomfortable with the combination of easier financial conditions and a red-hot US
An Atypical Development
I doubt markets will make much of this, but it was worth noting on Tuesday
Chasing The Price And Forgetting The Fundamentals
I’ve mentioned this on several occasions of late, but it’s worth repeating: Career risk is
Goldman Cuts US Recession Odds To 25%
Goldman was already on the low end of the range when it comes to recession
Rally Music Or Siren Song?
Investors are getting “drawn in.” So said JPMorgan’s Mislav Matejka on Monday. “Drawn in” has
Chinese Aid For Russia Suggests Ukraine Is Deadly Dress Rehearsal
One — perhaps the — key geopolitical question in 2023 is whether Moscow is overplaying
2001, 2015, 2008, 2020 And Right Now
It’s not over yet, but with 70% of S&P 500 market cap having reported earnings,
I’ll Have The Theme Du Jour. With A Side Of Catchy
“Immaculate disinflation” is the macro theme du jour. I suppose to employ it is to
Credit Monitor: Too Much, Too Far, Too Fast?
If you’re looking for evidence that the general tenor (readers will hopefully appreciate the pun)
Brave New Markets
Last year, Nomura’s Charlie McElligott suggested that every session had become its own self-contained narrative
Highs Before Valentine’s Day
Nearly $50 billion flowed into global equity funds over the past four weeks, according to
Food Prices Are Lower, So Where Are The Savings?
A fixture of the US political news cycle during the developed world’s worst bout of
The Fed’s Latest ‘Credibility Crisis’
Does the Fed have a credibility crisis? Before you answer, let me give you the
Debt Ceiling: What If?
Although it’s far too early for equity benchmarks to care about “trivial” matters like a
Micromanaging Stocks Until Inflation Cools
Although you wouldn’t know it to look at financial conditions or, relatedly, stocks, bonds and
In FOMO Rally, Investors Forget ‘Cardinal Rule’
“Don’t fight the Fed,” says the old adage. But that’s exactly what traders — carbon-based
‘COVID Zero’ Was Expensive
“COVID zero” was expensive. China notched a record deficit of almost CNY9 trillion in 2022,
You must be logged in to post a comment.