Money market funds notched another inflow, pushing total assets to a new record high above
Category: Duly Noted
Is The Treasury Oversupply Panic Over?
While editorializing around what counted as the largest two-session selloff for benchmark US Treasurys since
Meanwhile, In HELOC News
Last summer, Bloomberg ran a piece documenting “the 2023 HELOC boom.” It was a human
Market Concentration Risk ‘Worse In Some Ways Than Dot-Com Bubble,’ Kolanovic Says
As discussed at some length in “Magnificent 7: Bubble Or Not?” dot-com redux warnings are
Is The Fed Behind The Curve Again?
The Fed was certainly behind the curve hiking rates. Jerome Powell admitted as much during
Meta For The Record
By noon on Friday, Meta was on track for a record. Not just a record-high
MMF AUM Hits $6 Trillion Milestone. BTFP Borrowing Falls With Arb Dead
Money market funds emphatically snapped a two-week streak of outflows with a large haul that
Melt-Up Paranoia Manifests In ‘Incredibly Abnormal’ Dealer Positioning
For the better part of a dozen years, the implicit message from central banks to
Kolanovic Warns Stocks Now Price No Chance Of Recession
Equities and credit are pricing no risk of recession. And that could be problematic. So
Should Stocks Fear Curve Dis-Inversion? Ask James Carville
Economists will tell you to fear the inversion. Traders will tell you to fear the
MMFs See Second Week Of Outflows. RRP Below $600 Billion
Money market funds saw a second week of outflows as AUM appears to have peaked
Low Inflation, High Vol?
For the better part of two years, multi-asset investors were bedeviled by that most nefarious
Living At The Office
Lower rates are stoking demand in a still-distorted US housing market. Mortgage applications rose a
Why Stocks Can’t Sell Off
The nascent rebound in skew is history. It was (mostly) snuffed out early this week.
‘Anywhere But China’
Things are going quite well for US equities. Perhaps you noticed. The S&P hit a
MMF Assets Fall After Record Start. BTFP Usage Soars As Arb Beckons
Money market funds saw a rare outflow in the week to January 17, data released
How Corporate America Benefited From Fed’s Rate Hikes
When it comes to explaining the conspicuous absence of “the most well-telegraphed recession in US
Options-Selling ETF Trend Spreads To Single Stocks
A little over a month ago, I revisited a familiar, but slightly esoteric topic: Ballooning
Stocks’ Interpretation Of Rate Cut Pricing May Lack Nuance
Stocks’ interpretation of market pricing for Fed cuts in 2024 may lack sufficient nuance. That
Xi Stares At Deflation
The Chinese economy is in trouble. You already know that, so I won’t dwell too
MMF AUM Edges Closer To $6 Trillion. RRP Still Falling. BTFP Hits $147 Billion
Money market fund inflows slowed after a massive haul around the calendar flip, but total
Spend It If You Have It!
Broken record time but, hey, what can you do, right? The knock-on effects from 2023’s
‘WEN CRASH?’
“WEN CRASH?” one popular strategist asked on Tuesday, employing a crypto meme for comedic effect.
Americans’ Credit Card Spending Soars, Inflation Expectations Plunge
A pair of third-tier US macro updates released on Monday were worth a quick mention
How Market Makers Cashed In On Jobs Day 0DTE Frenzy
It never gets old. Waking market participants up to what’s really going on behind the
Mind SPX 4650
Why do selloffs accelerate? In modern markets, the answer to that question is very often
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