Fortunately for everyone other than headline writers, inflation expectations fell in the preliminary read on
Category: Markets
Who Are America’s Real ‘Lazy Freeloaders?’
I’ve variously argued that to the extent imbalances in the labor market are the result
They’re Buying It
They’re buying it. Figuratively and literally. Global equities looked for a fourth consecutive weekly gain
Do You Feel $5 Trillion Richer Than You Were In December?
US households are $5 trillion richer than they were at the end of 2020. In
Stop The Presses: Albert Edwards Agrees With The Fed
“Albert Edwards agrees with the Fed” isn’t something you hear very often, but it’s applicable
Jobless Claims And Scarce Cake Pops
376,000 Americans filed for unemployment benefits last week, down 9,000 from the previous week to
ECB Keeps ‘Significantly Higher’ Language As Hawks Routed
The ECB reiterated Thursday that asset purchases under its emergency pandemic program (PEPP) will continue
Another ‘Most Important Since’ Moment
Over the years, one becomes almost completely desensitized to macro data billed ahead of time
Return Of The Raging Retail Party
Over the past two weeks, the assumption that the meme stock mania ended in the
Were We Too Quick To Write The Bond Bull’s Obituary?
Don’t look now, but the Treasury ETF is nearly overbought (figure below). I say “the”
What To Know About China’s Surging Factory Prices
“Chinese factory-gate inflation spirals to 12-year high” makes for great headlines, but a cursory look
Rich People Don’t Pay Much In Taxes, A Stunned ProPublica Finds
Earlier this year, in “The Wealth Tax And Our Shared Insanity,” I suggested that anyone
The US Labor Market Is Now A Funhouse Mirror
If you were looking for additional evidence to support the notion that the US labor
Really All You Need To Know
CPI “loomed large,” someone said Tuesday, I’m sure. That’s not an actual quote from anyone
‘Renaissance’
“The labor shortage is holding back growth for small businesses across the country,” NFIB Chief
Deutsche Bank Warns Of ‘Devastating’ Inflation ‘Time Bomb’
Inflation is “The defining macro story of this decade,” Deutsche Bank declared, in a highly
Kolanovic: Stay Positive On Risky Assets, Expect More Inflation Surprises
While some market participants believe the reflation trade may have largely run its course, JPMorgan’s
What Breaks The Market Calm?
Strictly speaking, a market that goes nowhere is a non-story, almost by definition. But if
De-Rating Will Spread To S&P 500, One Bank Says
The de-rating is upon us. That’s one notable takeaway from some of this week’s earliest
Waning Enthusiasm Or Just Summer?
Is enthusiasm for one of most spectacular equity rallies in recorded history waning, or is
Keeping Things Interesting
I wouldn’t say the data calendar is “heavy” in the new week, but there’s enough
Torturing History
With brief interludes for the Archegos saga, meme stocks and a crypto collapse, inflation has
In ‘Historic’ Deal, G7 Endorses Sweeping Global Economic Overhaul
Going forward, large, profitable multinationals may have a harder time reducing their tax bills, if
‘Doing Nothing’ In The Face Of A ‘Genuine Outlier’
Thanks to Friday’s post-NFP rally, 10-year yields ended the week near the low-end of the
‘Deliberately Patient’
If you had to choose one quote from Friday’s session that encapsulates the interplay between
Life Of Leisure? More Observations From May’s Jobs Report
Notwithstanding my admittedly (and deliberately) provocative suggestion that workers should question the utility of returning
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