After plunging in August amid inflation fears and Delta wave concerns, consumer sentiment remained subdued
Category: Markets
China ‘Lehman Moment’ Warnings Return As Evergrande Saga Spirals
Maybe we’re witnessing “Beijing’s Volcker moment,” as Nomura’s Ting Lu put it last month, in
Escaping A Possible ‘Lost Decade’ For The S&P
Last week, while raising their year-end target for the S&P, BofA suggested US equities might
And Now For The Bad News
And now for the bad news. Although August’s retail sales report was upbeat and will
Surprise! Americans Are Still Spending Money
US retail sales unexpectedly rose in August, data out Thursday showed. The 0.7% increase defied
A Desire To Take Profits
Xi’s concerted effort to enhance oversight of monopolies is having the desired effect on China’s
JPMorgan Raises S&P Target. Says Activity ‘Bound To Reaccelerate’
One of this month’s market obsessions is an apparent disconnect between economic momentum and positioning
Ray Dalio On Bitcoin, Hard Money Martyr
Admittedly, I’m a bit tired of Ray Dalio. I imagine quite a few folks feel the
‘Anecdotally,’ Everyone Wants To Buy The Dip
“Anecdotally, clients want to buy a pullback or deploy bullish expressions,” Nomura’s Charlie McElligott said
In China: High Stakes, High Drama
If you were already concerned about global growth and, specifically, a downturn in China, Wednesday
Glaring Disconnects And ‘Rage Allocation’
I suppose we’re witnessing a “selloff.” Maybe folks are front-running the pullback window. The reason
No Way Out Of This Rabbit Hole
If you’re wondering what might stop the Fed from unveiling a taper over the next
Stock Investors Are ‘Ignoring The Macro’
The disconnect between investors’ positioning in stocks and their outlook for the economy is growing.
‘Tough And Complicated’
Risk sentiment was mixed Tuesday as traders looked to the latest US CPI data for
China Understands Capitalism Better Than America Does
Chinese tech shares slipped to start the new week, as the latest news from Beijing’s
Xi Aims To Break Up Alipay: FT
Never a dull moment in Xi Jinping’s sweeping regulatory crackdown. China’s besieged tech giants were forced
A Four-Day, $80 Billion Bender
Meanwhile, from the “I’m compelled to mention” files. Constrained as I am by the finite
No Unified Theory Of Everything
The “transitory” debate will heat up in the new week. Not that it’s gone cold
Something’s Gotta Give (Watching Paint Dry)
Valuations are too high. Something’s gotta give. That generic complaint, or some version of it,
‘Key Risk’ To Stocks Is Taxes, Not Peak Growth: Goldman
The biggest risk to US equities isn’t peak growth. It’s higher taxes. That’s the message
Legends Of The Summer: 2021 Edition
US equities are coming off their worst week since June and the fourth-worst week of
Meanwhile, In A Parallel Universe
It’s that time of the week. Friday is the day when we take a moment
The ‘Collapsing’ Credit Impulse And The Story That Matters
“Is the collapse in the global credit impulse going to extend cyclical revulsion?,” SocGen’s Albert
Let’s Talk
Risk sentiment firmed Friday, or at least in Asia, after the South China Morning Post
The First Negative 10-Year Return Forecast In 22 Years
I’m rarely, if ever, in a “good mood” on any conventional definition. For the past
Opening The Pullback Window
People finally get it. Or so it seems. Market participants are trying to front-run pullback
ECB Attempts A Sorta-Taper
Hawkish banter from some ECB officials in the lead-up to September’s policy meeting wasn’t a
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