Nomura’s McElligott On October As The Anti-Status Quo And The ‘New’ Election Tail Risk
October’s action in rates and associated thematic expressions in equities represent a “reversal” of the decade-old “status quo,” Nomura’s CharlieContinue Reading
Category: Markets
America’s New Housing Bubble Is Terrifying And Comforting All At Once
It’s hard to know whether to cheer or shudder at ongoing signs of strength in the US housing market. OnContinue Reading
Gods Don’t Bleed (But Albert Edwards Isn’t So Sure)
Don’t doubt the gods. That was the lesson learned over the summer of our discontent, when the pandemic exacerbated alreadyContinue Reading
As Spain, France Top 1 Million Virus Cases, Half Of European SMEs May Be Gone In 12 Months
The COVID containment effort is in shambles across Europe, where officials are now grappling with the harsh reality of aContinue Reading
Indecipherable Data Shows Jobless Claims At Lowest Of Pandemic Era
“Just” 787,000 Americans filed for unemployment benefits last week, considerably better than the 870,000 economists expected. California resumed reporting after aContinue Reading
‘Buying No Matter What’: Risk Aversion And The Ghost Of 2016
Perhaps market participants are too comfortable in the assumption that Joe Biden will prevail next month in convincing enough fashionContinue Reading
Back To The Twilight Zone: Companies Get Paid To Borrow During Pandemic
Nothing gets the crowd going quite like negative rates. “Perversion” is a term that invariably gets bandied about whenever thisContinue Reading
Tail Risks Of The Reconstruction: Nomura’s McElligott, BMO, Goldman Talk Rates, Stimulus, Election Nexus
If everyone else zigs, you may want to zag — at least for a hedge. With long-end yields stateside havingContinue Reading
Sell Your 92-Year-Old Tree-Trimming Business Before It’s Too Late!, Investment Bankers Shriek
Sell it now before it’s too late! Apparently, that’s the pitch bankers are making to scare folks into offloading stakesContinue Reading
Faux Deadlines
The stimulus “deadline” in the US on Tuesday turned out not to be a “deadline,” but it did seemingly succeedContinue Reading
‘That’s The Plan’: Pelosi, Mnuchin See Stimulus Deal By Saturday, But Senate Hurdle Remains
Predictably, market participants were inundated with stimulus headlines after the closing bell Tuesday, as a call between Nancy Pelosi andContinue Reading
Netflix Results Point To End Of Pandemic Bump
Is the pandemic bump over? That’s one question investors will want answered from big-cap US tech, as the most recognizableContinue Reading
‘We Should Have Done Something. But I’m Not Optimistic’
Nancy Pelosi stoked stimulus optimism Tuesday during remarks to Bloomberg Television just hours ahead of what was billed as aContinue Reading
‘OK, Google, Call The Lawyers’
Months in the making, the Justice Department’s antitrust case against Google is set to go forward Tuesday, marking the openingContinue Reading
Mitch, Please…
Donald Trump on Tuesday doubled down on the notion that he can cajole Mitch McConnell into backing a stimulus dealContinue Reading