You knew it was coming. It was always just a matter of time. That’s what
Category: Markets
McElligott On Where Things Stand
Admittedly, I have a difficult time deciding what the “average” market participant cares about these
Marko Kolanovic: Markets Shouldn’t Fear Delta Variant
Don’t spend too much time fretting over the COVID “Delta” variant. Or, actually, do spend
US Firms Add 1 Million Leisure And Hospitality Jobs In 3 Months
Private sector employers added 692,000 jobs in June, ADP said Wednesday. That was considerably more
What Concern?
Concerns about the potential economic ramifications of the rapidly spreading, highly infections “Delta” coronavirus variant
Leon Cooperman And The Misplaced Meritocracy Assumption
I should refrain from writing satire about “legends” of the investing universe. It’s probably gratuitous,
US Home Prices Rise Most In Recorded History
Surprise! Home prices rose more than expected in April, data out Tuesday showed. The near
Consumer Confidence Surges, S&P Hits Goldman’s Year-End Target
US consumers are getting more confident by the month. Or at least according to The
Storylines
A handful of easily digestible storylines were front and center Tuesday, which at least helped
A (Very) Uncomfortable Take On Inflation
[Editor’s note: When I set about writing this, I had something different, albeit tangentially related,
Goldman Asks: ‘What If?’
Goldman’s year-end target for the S&P is 4,300. The index is already there. That suggests
Probably Not The Swan You’re Looking For
Market participants will be treated (and I’m not sure that’s the right word in the
Charlie Brown Christmas Tree
“Young adults remain disproportionately affected by the economic shock,” the Center for Economic And Policy
McElligott On Reflation’s Fate, Kocic On Fed ‘Short Covering’
“We’ve got a lot of processing ahead of us,” Larry Summers mused, during remarks to
The Boilerplate Copy
It wasn’t terribly difficult to write the boilerplate copy headed into the weekend. Just days
Wall Street Versus Main Street (Again)
It’s scarcely worth mentioning on a Friday in June (“If a tree falls in the
The Things People Worry About
You’ve heard it before. And you’ll surely hear it again. “Higher inflation, hawkish central banks
Benign Data Brings Rare Downside Inflation Surprise
Personal incomes fell less than expected in May, while spending was unchanged, government data showed
Did You Enjoy The Infrastructure Charade?
I’ve repeatedly suggested that a truly transformational infrastructure initiative that addresses America’s multitudinous (and multiplying)
Epic Property Bubble Stuns ‘Man And Beast’ Alike, Albert Edwards Says
On Thursday morning, I set about highlighting the latest from SocGen’s Albert Edwards, but I
Jay Powell: Unlikely ‘Victim’
SocGen’s Albert Edwards doubts the Fed will ever be able to normalize policy. I doubt
Claims And The Unemployment Benefits Conundrum
For the second week in a row, jobless claims disappointed. 411,000 Americans filed for unemployment
Analysts Surprised Americans Can’t Afford $400,000 Homes
In news that probably shouldn’t surprise anyone, new home sales fell a second month in
‘Very Hot’ US Economy Seen Pushing Limits In June
The US services sector cooled in June, the initial read on IHS Markit’s survey for
Boring Data
“The eurozone economy is booming,” IHS Markit’s Chief Business Economist, Chris Williamson, said Wednesday, in
Nihilistic Parody
The Fed won’t raise rates preemptively, Jerome Powell told US lawmakers Tuesday, testifying before the
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