Never a dull moment. Markets were subjected to more unnecessary drama on Friday, as investors,
Category: economy
Uber-Goldilocks
I guess we need to add a new term to the lexicon: “Uber Goldilocks.” You
Amid ‘Odd’ Treasury-Fed Spat, Correction Window Opens Ahead Of Assumed Year-End Melt-Up
Prepare for a possible “unclenching.” That’s one message from Nomura’s Charlie McElligott, who, in a
Authorizations During Emergencies
Pfizer and BioNTech will submit an emergency use authorization request for their jointly-developed COVID-19 vaccine
Non Sequiturs & Nonsense
I suppose I was wrong to say, on Thursday morning, that “analysts and economists are
Don’t Worry: The Housing Bubble Is Alive And Well
At least the housing bubble is intact. Existing home sales defied expectations for a decline,
Jobless Claims Unexpectedly Rise, Adding To Economic Consternation
742,000 Americans filed for unemployment claims last week, more than the market expected. It’s an
Slow Bleed
The dollar moved higher from a 29-month low Thursday, as risk-off vibes tied to America’s
Obligations Of The Undead
Meanwhile, from the world of “zombies” and possibly unsustainable debt burdens… The financial media (and
Retail Sales Stumbled In October, Which Isn’t Surprising Because People Are, You Know, Starving
Some will call it inevitable. US retail sales rose just 0.3% in October, less than
Morgan Stanley: ‘Keep The Faith’ After ‘Super-Charged’ Global Economic ‘Take-Off’
“Keep the faith, trust the recovery” and buy stocks. That, in a nutshell, is the
China’s Key October Data Is Good Enough. PBOC Moves To Quell Liquidity Concerns
China’s economic recovery remained largely on track in October, activity data out Monday suggested. Retail
New Week, Same Virus
Markets will kick off the new week confronted with more disconcerting news flow around the
While You Were Watching The Election Soap Opera, Earnings Season Was ‘Stellar’
You may not have noticed, but Q3 earnings season went remarkably well. In fact, it
Everything In Between
On Saturday morning, I offered a take on America’s economic future that was simultaneously optimistic
Profits And The Lonely Barber
“The vaccine development means corporate America’s earnings power may be greatly under-appreciated,” Bloomberg’s Lu Wang
Election Blues For Red Consumers
Consumer sentiment unexpectedly declined in the preliminary read on the University of Michigan survey for
Trump Abandons Stimulus Push With 10 Million Americans Jobless. Focuses On Election Litigation
Donald Trump has given up on passing another virus relief bill. Or, if you like
Disinflation Dominates. Historic Surge In Used Car Prices Ends
If it’s signs of inflation in the US you’re looking for, you won’t find them
Jobless Claims On Verge Of Falling Below Pre-Pandemic Record. But…
709,000 Americans filed for unemployment benefits last week, in what’s either a “new pandemic low”
Hope. But Also Fear.
Risk appetite abated a bit on Thursday, and markets were broadly mixed as investors took
Goldman’s Clients Have Georgia On Their Mind (A Rose By Any Other Name)
“In the weeks ahead, tens of millions of dollars in campaign cash are expected to
A Quick Look Under The Hood Of The October Jobs Report
A better-than-expected October jobs report was immediately met with warnings that the surge in COVID-19
October Jobs Report Easily Tops Estimates. Unemployment Rate Dives
The US economy added 638,000 jobs in October, the BLS said Friday. It was an
Jerome Powell Got Everything Right – Until Someone Asked About Monetary-Fiscal Nexus
Jerome Powell breezed through an uneventful press conference Thursday, sticking largely to familiar talking points
Loud Noises, Red Headlines, And Dangerous Drivers
If anything was clear after Wednesday (a questionable prospect, to be sure) it was that
Jobless Claims Stuck At Pre-Pandemic Record With No Deus Ex Machina Coming
751,000 Americans filed for unemployment benefits last week, slightly more than expected and unchanged from
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