“Who were these buyers?”, wondered Nureddin Nebati, Turkey’s recently installed Treasury and Finance Minister, during
Category: Markets
Waking Up So We Can Continue To Sleep
Most traders and investors long ago came to accept (sometimes begrudgingly, sometimes quite happily) the
Will The ‘Absurdist’ Retail Mania Return In 2022?
A defining feature of the post-pandemic market environment was greater participation on the part of
Scream (Buyer And Seller Beware)
The holiday lull began to set in Wednesday — finally. The arrival of Omicron and
Desperate Times: Erdogan’s Scheme To Avert A Bank Run
“Never seen a day like this.” That’s how one EM veteran described Monday’s rollercoaster ride
Where Will You Put All That Extra Cash?
Supply-demand dynamics are still “very favorable” for stocks. That’s according to Deutsche Bank, whose Parag
McElligott On Potential For ‘Squeezy’ Year-End
Market participants exhibited signs of “constructive” behavior during an otherwise dour start to the holiday-shortened
Coal Miner Canaries
“T” was for “turnaround” on Tuesday. And quite possibly for “temporary” considering how erratic markets
‘You Can’t Stop It’
Joe Biden is going to “work like hell” to get his economic plan through Congress,
‘Wild Madness’: Erdogan Takes Lira On Insane Ride
It’s at least possible that Turkey’s Recep Tayyip Erdogan has descended into a kind of
Kid Gloves
In all likelihood, more banks will follow Goldman in cutting their outlook for US growth
Omicron, ‘Coal Baron’ Spark Global Selloff
Global equities staged a coordinated selloff Monday as concerns about the spread of the Omicron
China Nods To Slowdown With First LPR Cut In 20 Months
Call it a token gesture. China’s de facto benchmark lending rate fell for the first
WaveLength
It’s a four-day week for equities in the US. Three and three quarters for bonds.
‘I Just Can’t’: Joe Manchin Kills Build Back Better
“If I can’t go home and explain it to the people of West Virginia, I
A Trivia Lover’s Delight
The pandemic era continues to be a market trivia lover’s delight. Seemingly every week we
Kolanovic Calls For ‘Short Squeeze Rally’ Into Year-End
JPMorgan’s Marko Kolanovic sees something he hasn’t seen before. Namely, a paradoxical conjuncture that finds
‘They Started Shooting The Generals’: All Eyes On Tech
The post-Fed surge in big-cap US tech may have been more about mechanical flows than
Stocks Collapse In Turkey As Lira Meltdown Sparks Panic
A steep selloff in Turkish stocks tripped the Borsa Istanbul’s market-wide circuit breaker on Friday,
As Clear As Mud
Risk appetite was tepid Friday, as markets continued to assess the path forward after a
Goldman Sees Fed Liftoff In March, ‘Early’ Start To Balance Sheet Runoff
It seems like just last month when Goldman pulled forward their forecast for the first
Elusive Logic
“If there’s logic, it’s of the elusive variety,” BMO’s Ian Lyngen and Ben Jeffery dryly
McElligott Explains The Post-Fed Stock Rally
In the immediate aftermath of the Fed’s hawkish pivot at 2021’s final policy meeting, I
BOE Hikes Rates 24 Hours After COVID Cases Hit Record
I’d say “better late than never,” but I’m not sure it’s applicable. The BoE surprised
ECB Gets Creative. Will Reduce Asset Purchases While Buying More Assets
The ECB got right to the point in the statement accompanying the bank’s final policy
Lira Bleeds Out As Erdogan Pushes Currency Into Abyss
Recep Tayyip Erdogan’s adventures in obstinance continued on Thursday when, as expected, Turkey’s beholden central
You’ve Got Questions, Powell’s Got (No) Answers
Jerome Powell fumbled around in the dark on his way through the final post-FOMC press
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