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Category: Markets

Demand Destruction

February 8, 2022February 9, 2022

Sentiment was muted Tuesday, as investors searched for something to latch onto in the void

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2 Comments on Demand Destruction

2022’s Early Market Test ‘Just The Start,’ One Bank Says

February 7, 2022February 8, 2022

If you wanted to adopt a constructive view (and where’s the fun in that, right?),

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3 Comments on 2022’s Early Market Test ‘Just The Start,’ One Bank Says

7 Fed Hikes?! What It Would Mean For Stocks

February 7, 2022February 17, 2022

If you ask one bank, the Fed will hike seven times in 2022. So, at

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6 Comments on 7 Fed Hikes?! What It Would Mean For Stocks

Weakest Links

February 7, 2022February 8, 2022

There were some signs of stress on Monday as markets continued to process hawkish shifts

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2 Comments on Weakest Links

Flying Blind: What’s Behind 2022’s Market Volatility

February 6, 2022February 17, 2022

One of the most underappreciated contributors to recent market volatility is the apparent demise of

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1 Comment on Flying Blind: What’s Behind 2022’s Market Volatility

New Week, More Fireworks As US Inflation Data Looms

February 6, 2022February 10, 2022

After a fairly dramatic stretch in rates amplified by BoE hawkishness and Christine Lagarde’s newfound

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3 Comments on New Week, More Fireworks As US Inflation Data Looms

Making Market History, One Day At A Time

February 5, 2022February 7, 2022

We’re living in historic times. People tend to say things like that when something’s just

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3 Comments on Making Market History, One Day At A Time

The ‘Sinister’ Credit Canary

February 5, 2022February 7, 2022

Is credit the canary? Honestly, I don’t know anymore. Up is down and down is

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3 Comments on The ‘Sinister’ Credit Canary

Wild Times, Flat Curves And Defiant Stocks

February 4, 2022February 7, 2022

Despite a truly harrowing ride for markets in 2022’s opening weeks, there’s been “no capitulation”

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3 Comments on Wild Times, Flat Curves And Defiant Stocks

Mind This ‘Overhead Lid’ On US Stocks: McElligott

February 4, 2022February 14, 2022

Notwithstanding wild post-earnings crashes for a trio of large-cap growth favorites culminating in Facebook’s historic,

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5 Comments on Mind This ‘Overhead Lid’ On US Stocks: McElligott

‘Hard To Fathom’ Jobs Report Adds To Fed Mystery

February 4, 2022February 11, 2022

Given the roller coaster markets have been on, it was only fitting that the most

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2 Comments on ‘Hard To Fathom’ Jobs Report Adds To Fed Mystery

You Don’t Have To Go Home, But You Can’t Stay Here

February 4, 2022February 4, 2022

Expectations for tighter monetary policy weighed on risk sentiment Friday, even as Amazon attempted a

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Saved After The Bell? Amazon, Snap Surge Following Facebook’s Existential Rout

February 3, 2022February 4, 2022

By the time the closing bell sounded on Wall Street Thursday, Facebook suffered a decline

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9 Comments on Saved After The Bell? Amazon, Snap Surge Following Facebook’s Existential Rout

Lagarde Opens Floodgates, Cites ‘Unanimous’ Inflation Concern At ECB

February 3, 2022February 3, 2022

“Inflation is likely to remain elevated longer than previously expected but will decline in the

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BoE Hawks Scream As Inflation Seen Soaring To 7%

February 3, 2022February 7, 2022

Faced with the highest inflation in three decades, the Bank of England on Thursday raised

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2 Comments on BoE Hawks Scream As Inflation Seen Soaring To 72

A Historic One-Day Value Destruction Event

February 3, 2022February 8, 2022

The fallout from Facebook’s dramatic post-earnings plunge rippled across markets Thursday, undermining risk sentiment and

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7 Comments on A Historic One-Day Value Destruction Event

Meta May Torpedo US Stock Rally With $200 Billion Plunge

February 2, 2022February 3, 2022

Just when it was going so well. Between them, the five companies which comprise some

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6 Comments on Meta May Torpedo US Stock Rally With $200 Billion Plunge

Melting Up To Meltdown

February 2, 2022February 3, 2022

US equities could stabilize or, at the least, calm down, following a manic start to

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Outside Of Pandemic, January ADP Report Is Worst Since GFC

February 2, 2022February 7, 2022

In an inauspicious, albeit wholly predictable, development, ADP said Wednesday that private sector employers shed

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‘Massive Risk-Management Exercise’ Seen In ‘Right-Tail Event’

February 2, 2022February 2, 2022

Someone may have been playing catch-up on Tuesday. According to one popular strategist’s hypothesis, a

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1 Comment on ‘Massive Risk-Management Exercise’ Seen In ‘Right-Tail Event’

Goldman: Liquidity Hasn’t Been This Bad Since COVID Crash

February 1, 2022February 13, 2022

US equities have been a veritable roller coaster lately. Maybe you noticed. Tuesday was no

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5 Comments on Goldman: Liquidity Hasn’t Been This Bad Since COVID Crash

Kolanovic, JPMorgan: ‘We Reiterate Our Call To Buy The Dip’

February 1, 2022February 2, 2022

“The stock market is not only in correction, it is already in bear market territory

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On Monday’s ‘Absolutely Explosive Short-Covering Rally’

February 1, 2022February 2, 2022

“Fed speakers are lunging around like ‘short Gamma’ traders,” Nomura’s Charlie McElligott wrote, in an

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1 Comment on On Monday’s ‘Absolutely Explosive Short-Covering Rally’

Patience Makes A Comeback

February 1, 2022February 1, 2022

Global risk sentiment was reasonably buoyant Tuesday following a jubilant end to a disastrous month

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2 Comments on Patience Makes A Comeback

Tapping The Brakes

January 31, 2022February 1, 2022

The doves were out Monday, and not a moment too soon for US equities which,

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4 Comments on Tapping The Brakes

Making Sense Of The Recent Stock Roller Coaster

January 31, 2022February 7, 2022

I’m a bit of a broken record sometimes, but only (or mostly, anyway) because in

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You Do The Math

January 31, 2022February 1, 2022

There’s considerable angst about the prospect that the Fed is too late. Not so much

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3 Comments on You Do The Math

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Monthly Letter

  • To Be Happy

Recent Comments

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Monthly Letters

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

Escape Artists

May 11, 2026May 11, 2026

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