“Different day, same concerns.” That was the vibe on Tuesday as traders and investors (two
Category: Markets
Xi Asks Who’s Been ‘Too Chummy’ With China’s Private Sector
A prospective Chinese property meltdown is still very much in focus, as is the country’s
China Property Defaults: Here’s How Bad It Could Get
Some folks weren’t paid. Or at least not immediately. Holders of two Evergrande dollar bonds
Implications Of A New Epoch
There’s considerable debate around whether developed countries are headed for a high inflation regime. The
Forecast Error
If you’re in the business of making predictions, you’re everywhere and always bedeviled by an
The Real Takeaway From Goldman’s US Growth Downgrade
Markets were back to worrying about peak growth at the beginning of a jam-packed week.
Hot Topics Galore
Traders will have plenty of data to digest in the new week. A second consecutive
Metastability: Rates In Limbo
Seven months ago, it looked briefly as though the four-decade bond bull might finally end.
Do You Remember Snow?
We keep talking about monetary policy normalization as if it’s “a thing.” As if it’s
Stagflation: ‘Why Do I Care?’
You can scarcely visit a financial news portal in 2021 without coming across an article
Albert Edwards And The ‘Wholly Unexpected’ Recession
Earlier this week, in “2018 Redux?“, I talked a bit about a possible parallel between
Rarely Seen In The Wild: A $2.5 Billion IG Exodus
For the first time since the unprecedented exodus that accompanied the onset of the pandemic,
What To Make Of Another Jobs Letdown
Although it seems unlikely that September’s jobs report was bad enough to delay a taper
‘Challenging To Interpret’ Jobs Report Posts Huge Miss
The US economy added just 194,000 jobs in September, the government said Friday. It was
China Comes Back From Holiday, Fines Meituan Half-Billion
Chinese shares rose Friday as the mainland came back online after the holiday. There was
Full Faith And Credit
Markets were pleased to learn that US lawmakers haven’t yet crossed into whatever circle of
The ‘Final Nails In The Selloff’s Coffin’?
It goes both ways. Several weeks back, I attempted to emphasize that although dynamics associated
The (Literal) Coal Mine Canary
Risk appetite returned Thursday, as a variety of key macro risks receded. For now, anyway.
2018 Redux?
When assessing what a prospective down-trade for US equities into year-end might look like, 2018
Marko Kolanovic Predicted The Energy Crisis. Here’s What He Says Now
JPMorgan’s Marko Kolanovic doesn’t obfuscate. One hallmark of Kolanovic’s missives is a penchant for stating
Warning: Buying The Dip Just Failed
“Meaningful setbacks.” That’s how BofA’s equity derivatives team described recent stumbles for US stocks, which
‘Just Ridiculous’: The Energy Crisis Realizes
Markets remained jumpy Wednesday as higher yields and rapidly rising energy prices kept traders on
Failed Leaders. Allegedly
Right on cue, Elizabeth Warren assailed Jerome Powell again on Tuesday. Powell has “failed as
Clean Up On Aisle Vol
“Vol tends to collapse under its own weight,” Nomura’s Charlie McElligott wrote Tuesday, as US
Services Sector Anecdotes Are Broken Record
It’s the same story over and over again, I’m afraid. The world’s largest economy is
Is A Fed Shakeup The Most Underappreciated Risk?
Amid a veritable whirlwind of macro concerns and all manner of flashy Facebook headlines, the
‘Quite The Perfect Storm’
The angst was palpable Tuesday, even as markets somehow felt more resilient than they should
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