I’d call it a testament to rampant uncertainty, but it’s probably more accurate to say markets are more noise than signal currently. US equities kicked
Category: Markets
Fed Put Re-Struck On ‘Tier 1 Political Hot Potato’
We’ve seen it before. The Fed pivots hawkish, only to recant in the face of a market revolt. On the heels of Jerome Powell’s abandonment
Evergrande, Alibaba Meltdowns Exemplify China’s Engineered Crisis
Another day, another selloff in Chinese tech shares. The Hang Seng Tech Index dove more than 3% to start the new week, a testament to
China Slashes RRR As Economy Teeters
Just one business day after Premier Li Keqiang tipped incremental policy easing aimed at bolstering smaller firms, the PBoC pulled the trigger. China cut the
Nothing Is More Political Than Inflation
Towards the end of “Bad Optics,” I spoke briefly about the political ramifications of persistently high inflation. When Joe Biden renominated Jerome Powell last month,
Bad Optics
Traders will attempt to find their way back from “dark places” in the new week. And I don’t mean waking up in the Hyatt Grand
Zeitgeist: Tightening Into A Slowdown
A consensus is forming around the notion that the Fed is on the brink of tightening the US economy into a slowdown. The thesis isn’t
Omicron Cuts Begin: Goldman Slashes US Growth Forecast
In the days following the first Omicron headlines and associated post-holiday market tumult in the US, Wall Street was somewhat reluctant to alter their macro
Bitcoin, Crypto ‘Liquidated’ In Saturday Plunge
“As usual, since crypto traders deploy leverage, it results in cascading sell orders and liquidations,” the co-founder of a crypto lender told Bloomberg on Saturday,
Weird, Wild And Crazy
On Friday, someone described the November jobs report as “one of the weirdest I’ve ever seen.” I’m not sure I’d put it that way, but
Under The Hood Of The November Jobs Report
Apparently, November’s US jobs report admitted of “too many takeaways” to quickly process. That was one strategist’s assessment, as communicated to Bloomberg on Friday morning.
Good News Is Definitely Bad News Now
For once, “scorching” isn’t hyperbole. The US services sector is on fire, according to the last of this week’s top-tier US data. At 69.1, ISM
Jobs Report Misses Big, But Unemployment Rate Drops Sharply
The US economy added just 210,000 jobs last month, the government said Friday. The headline NFP print was the lowest of 2021 and represented a
‘I Quit. No, You’re Fired.’
“You’re fired.” “No, I quit.” That, in a nutshell, describes the state of play for US-listed Chinese shares. US regulators and China hawks on Capitol
In Turkey, An Autocrat Goes All-In
After years spent living in denial, emerging market watchers finally came around to the reality that Recep Tayyip Erdogan is an incorrigible autocrat. Market participants
Load More
