Nobody wants the bonds! That’s sarcasm. It’s fair to say the oversupply panic that typified
Category: Markets
The ‘Most Unexpected’ Macro Outcome Of 2024
In the latest installment of his popular weekly “Flow Show” series, BofA’s Michael Hartnett leveraged
Bubble Questions Haunt America’s ‘Magnificent 7’ After Banner Year
2023’s equity market is a story of “Magnificent 7” outperformance, and for many that’s problematic.
Forced To Cut
The top question now for markets is whether traders and investors are jumping the gun
Goldman’s Kostin Channels Taylor Swift For 2024 S&P Outlook
Goldman’s David Kostin channeled Taylor Swift for his 2024 US equity outlook, released on Wednesday.
Incrementally, Begrudgingly, Reluctantly Bullish
The tide appears to be turning a bit for professional investor sentiment. At regular intervals
The Bond Rally Happened. Now What?
The November bond rally accelerated meaningfully on Tuesday in the wake of a cool US
Bond Bulls On Stampede In BofA Fund Manager Survey
Fund managers are more confident than ever that longer-term bond yields are headed lower. That
Wall Street Rates Forecasts Paint Starkly Divergent Pictures
It was Morgan Stanley’s Matthew Hornbach who once said, “history has shown consensus estimates for
Mike Wilson Delivers Hotly-Anticipated 2024 US Equity Outlook
55 pages of Mike Wilson. Just imagine. For market skeptics, Christmas arrives every year in
Why One Bank Expects Massive Fed Cuts In 2024
UBS has a bold forecast for the funds rate in 2024. In a year-ahead outlook
The US Corporate Profit Recession Is Over
It’s official (almost): The US corporate earnings recession is over (with 89% of index market
McElligott Explains How ICBC Hack Might’ve Impacted Long Bond Sale
As the keen among you have surely surmised by now, the optically awful 30-year sale
Goldman Unveils Top Global Investment Themes For 2024
Earlier this week, Goldman unveiled their macro outlook for 2024. Suffice to say the bank’s
Powell Reiterates Fed ‘Not Confident’ Rates Are High Enough
Headed into Jerome Powell’s speaking engagement on Thursday, some market observers (myself among them) suggested
Déjà Vu Strikes In Rough Long Bond Sale
A tail at Thursday’s 30-year auction was all but a foregone conclusion. The long bond
For Bears, Another Frustrating Turn
It’s been a frustrating year for equity bears. The earnings recession was supposed to be
Treasury Rally Survives Week’s Key Event Risk
All eyes were on bonds this week following the sharp rally which turned November’s first
Rally Risks
“The stocks” are probably due for a breather. US shares came into Jerome Powell’s speaking
Into And Out Of The New ‘Everything Rally’
On the heels of an exceedingly unfortunate three months during which both equities and bonds
US Small-Caps Celebrate Miserable Milestone In Never-Ending Selloff
Small-caps outperformed during last week’s raucous US equity rally, but that’s where the good news
Mike Wilson Not Impressed By Stock Rally
Equities will have to try a little harder (and probably a lot harder) if they
Can The ‘Everything Rally’ Continue? McElligott Weighs In
Stocks are a bit of a sideshow right now. It’s all about bonds. Indeed, equities
Stocks And The 2024 Election: An Early Preview
2024 is an election year is the US. Maybe you’re aware. If this US presidential
Is The Treasury Squeeze Over?
The “everything rally” is back in the US. As discussed at length in the latest
Did Janet Yellen Just Deliver ‘The First Rate Cut’?
Ahead of this week’s all-important Treasury refunding announcement, Nomura’s Charlie McElligott suggested Janet Yellen might
BofA’s Hartnett On Oil, Santa Rally Odds
The absence of an escalatory crude rally in the presence of the Israel-Hamas war is
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