Last week, during a Bloomberg forum, Brian Moynihan suggested the media and market participants might
Category: Duly Noted
High Profits, Hibernating Fear
Earlier this week, I talked a bit about the “too low” VIX. It’s a familiar
25/25/25/25
A couple of days ago, I mentioned the 25/25/25/25 portfolio again. The case for embracing
Yellen Stakes Out US Position Ahead Of China Tech Restrictions
For the third time in as many months, I’m compelled to inform you that Joe
5 Reasons For A ‘Too Low’ VIX
Over and over again last year, market participants of all shapes and sizes asked the
‘Greedflation’ Probably On Borrowed Time
I’ve been on (and on, and on) about so-called “Greedflation.” Whenever something goes wrong in
Trading Around America’s Debt Ceiling
As Kevin McCarthy made clear this week while doing his best Ronald Reagan impression at
Three Reasons Stocks Keep Frustrating The Bears
As you might’ve noticed, some of the most recognizable names on the sell-side are adamant
Tail Risks And Sideline Cash
The biggest tail risk is now a credit crunch accompanied by a global recession. That’s
Market Breadth Now Weakest Ever, Famous Bear Warns
Two of the sell-side’s most recognizable names warned on market breadth Monday. In an asset
Stocks Got $70 Billion Assist From Vol-Control Demand
If you’re wondering how much support equities have potentially received from the vol-sensitive mechanical bid
Investing With The Power Of Hindsight
Hindsight is a helluva thing. If time travel were possible, hindsight would be tantamount to
‘Fed Cuts Versus Recession’: The Next Battle
Where to from here? “Recession! That’s where.” Or so goes the refrain from seemingly everyone
US Rents Fall First Time Since Pandemic
There’s good news for America’s legions of renters who, thanks to the pandemic housing frenzy
What Jamie Dimon Said On JPMorgan’s Earnings Call
For obvious reasons, market participants were keen to hear from Jamie Dimon on Friday. JPMorgan’s
Bulls, Bears And Surprises
Like most people who harbor generalized doubts about humanity, not much surprises me. I often
Waller Versus Bostic
Raphael Bostic is ready to pause Fed rate hikes after one final move in May.
Fed Backstop Borrowing Falls Again
Banks continued to avail themselves of Fed liquidity backstops over the last week, but the
Local Oil Man Gets 50% Raise. Makes $36 Million
Typically, I wouldn’t go out of my way to call out CEO compensation, where “out
Was The Plunge In US Banking Lending An Optical Illusion?
Was America’s much-hyped “credit crunch” a mirage? As most regular readers will recall, Fed data
Americans Harbor Very Negative View Of Xi Jinping In New Poll
“Few Americans have confidence in Xi to do the right thing in world affairs, including nearly
Soft Landing Up North? BoC Seems To Think So
A month after becoming the first developed market central bank to pause a tightening campaign
Buffett: ‘No Reason To Worry’ About Bank Deposits
Warren Buffett wouldn’t confirm reports he discussed adverse developments in the US banking sector with
No ‘Light At Tunnel’s End’ For Taiwan Export Slump
Taiwan has a lot of problems currently, not least of which is that the autocrat
Monetarists Hope For Renaissance After ‘Correct’ Inflation Call
We should’ve given the monetarists more credit. That was one ostensible lesson from the pandemic
Are 2023 Fed Cuts ‘Inevitable’?
I suppose this goes without saying, but US rates are more pessimistic about the macro
Americans Most Pessimistic On Credit Access In A Decade
Americans harbored the most grim perceptions of credit availability in at least a decade during
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