The “summer rally bandwagon is growing.” That’s according to BofA’s Michael Hartnett who, in the latest installment of the bank’s popular weekly “Flow Show” series,
Category: Markets
Peak Inflation? Save Your ‘Nuance’
Key personal income and spending data released Friday came in largely as expected, a relief at a time when markets remain vulnerable to incremental evidence
From Markets To Politics, It’s All About China’s ‘Trajectory’
Shares in Hong Kong closed out an otherwise lackluster week on a high note Friday, despite ongoing concerns about the fate of the Mainland economy.
As Middle Class ‘Trades Down,’ Dollar Stores Trade Up
“The great thing at Dollar General is that we offer that value,” CEO Todd Vasos said Thursday, on the company’s Q1 earnings call. He was
Albert Edwards Spots ‘Elephant In The Room’
Albert Edwards wants to “talk about stocks.” But not those stocks. In a Thursday note, SocGen’s incorrigible, yet generally affable, bear, addressed what I’ve variously
Popular Strategist Sees ‘Critical Near-Term Pivot’ As Stocks Rally
Although the bar for the Fed to slow the pace of rate hikes remains very high (and thus the odds of a “pause,” let alone
A Wild Trip Through Turkey
Turkey kept rates on hold Thursday which, to the uninitiated, probably doesn’t sound like news. But it is. News, I mean. And even if it
Around A Burning World
Sentiment was muted in Asia Thursday, and only slightly better than that in Europe, as traders assessed a hodgepodge of developments which together spoke to
Retail Investor Mania Fizzles In Unforgiving 2022
Remember the retail investor mania? For a few months in early 2021, Reddit residents and gamers-turned Robinhood addicts pretended they’d usurped Wall Street and conquered
Fed Minutes Describe Combustible Inflation Setup
The word “restrictive” showed up just once in the May FOMC minutes, but allusions to front-loading rate hikes and getting policy to neutral sooner rather
Minerd Once Saw $400k Bitcoin. Now He Just Sees ‘Bunch Of Yahoos’
Sometimes, Guggenheim’s Scott Minerd is unequivocally correct. Like that time, on February 27, 2020, when he told Bloomberg’s Joe Weisenthal on live television that “this
Fed ‘Pause’ Narrative May Be Wildly Overblown
Over the past 48 hours, the financial media (and Bill Ackman) leaped at comments from Raphael Bostic who, earlier this week, gently suggested the Fed
Dolce > Dick’s
As the old adage goes, “Nordstrom giveth and Dick’s taketh away.” Shares of the former were higher Wednesday, after luxury shoppers helped the storied department
New Zealand Housing Bubble At Risk From RBNZ Super-Hawks
The knives are still out for policy doves globally, notwithstanding the first nods to a potential “pause” in the Fed’s hiking cycle in September. New
Ackman Blasts Fed, Says Stocks, Economy May ‘Crash’, ‘Collapse’
“There is no prospect for a material reduction in inflation unless the Fed aggressively raises rates, or the stock market crashes, catalyzing an economic collapse
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