I’ve avoided being this blunt until now, but here it is: It doesn’t make a
Category: Markets
Inflation Week To Bring More Evidence Of Fed’s Pyrrhic Victory
It’s inflation week in the US. Inflation data week, I mean. Every week is inflation
Delaying The Inevitable. Forever…
Equities and bonds meandered rudderless into the weekend following a spate of inconclusive data out
2024’s Most Important Market Events By Month
Just two things matter for asset prices, BofA’s Michael Hartnett reminded investors, in the first
Janet Yellen, Not Jay Powell, Triggered Historic ‘Everything Rally’
What (or who) turned the tide nine weeks ago for markets? Put differently, what was
Fed, Like The Rest Of Us, ‘Perceives’ Lots Of Uncertainty
The December FOMC minutes were hawkish. Sort of. Maybe. At the margins. That’s probably how
If You Need A Communist Publicist, Feng Shixin Needs A Job
Feng Shixin’s looking for a job if you’re hiring. His resume includes a long stint
Stock Gains Still Possible In 2024 Despite One Down Day, Bulls Argue
It’s still possible that US equities could log gains for 2024. The implication is completely
Are Emerging Markets A Lost Cause?
Occasionally, someone’ll ask for my opinion on emerging markets, where that almost always means EM
Money Funds Close Out Trillion-Dollar Year With One Final Inflow
Money market funds closed out a historic year on a strong note. After two consecutive
Since The Dot-Com Bubble…
Guess what? It’s been a good year for US tech stocks. Especially large US tech
Xi’s Stocks Are A Bargain! Any Takers?
Chinese equities staged a rousing rally on Thursday attributed rather generically to “bottom-fishing.” As the
Historic Rally Leaves Benchmark US Yields Hilariously Unchanged For 2023
Janet Yellen welcomed two consecutive favorable auction results during the final week of 2023. On
S&P Poised For New Record As 2024 Beckons
US equities are overbought, or close to it. But that doesn’t mean much in isolation.
As Xi Marks Mao’s Birthday, China’s Stocks Are Worst In The World
What can you say about Chinese equities that hasn’t already been said about Gaza? They’re
Bitter Bears Look To 2024 After Frustrating Year
There’s still a week left, but we can confidently speak about 2023 in the past
Good Tidings, Dour Musings
Wry chuckles and sardonic smirks aside, investors had a lot to smile about headed into
Xi Triggers Brutal Wipeout For Tencent With Shock Curbs
Xi Jinping just can’t help himself. On Friday, Chinese regulators blindsided markets with a raft
Albert Edwards Says Tech ‘Market Cap Bubble’ Is Biggest 2024 Risk
SocGen’s Albert Edwards has some concerns going into 2024. If you’re looking for rosy outlooks
About The December 20 0DTE Mini-‘Crash’
Did you hear? The stock rally died mid-week. If it has a Lazarus moment, don’t
Colossal Bond Rally Has Wall Street Grasping At Straws
If the seven-week stock rally put Wall Street’s more bearish top-down equity strategists behind the
Low VIX Belies Wall Street Stock Confusion
Earlier this week, I talked of a new “strategist short squeeze” on Wall Street. The
Fund Managers Ditch Cash For Stocks On ‘Goldilocks 2024’ Hopes
Fund manager sentiment is the least bearish in nearly two years, according to one bank’s
The Bear And The Doves
“Markets took the change in guidance as an ‘all clear’ sign to ramp up risk
A New ‘Strategist Short Squeeze’ Looms As Stocks Eye Records
Remember the “strategist short squeeze”? In June and July, when markets melted up following Nvidia’s
Front-Running And Chicken-Counting
It’s dangerous to count chickens. That was one message from Austan Goolsbee, who regaled CBS’s
Cashing In
Of all the questions that loom large for 2024, few are more pressing for market
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