Housing starts rose in May, but missed estimates on the heels of April’s lackluster showing.
Category: Markets
China’s Recovery Is Rolling Over
All the usual questions lingered ahead of the June Fed meeting. The balance of evidence
Tell Me Again About Your Models
Despite (and often because of), my overtly pessimistic take on the plight of humanity, I
The Economic Question Of Our Time
Have we entered a “high inflation regime”? At this point, asking that question feels like
As ‘K-Shaped’ Inflation Fears Worsen, $650 Billion Says It’s Transitory
You may not be buying the Fed’s “transitory” characterization of inflation, but nearly three quarters
A Depressing Conjuncture That Will Change No Minds
In what may well be further evidence to support the view that the US economy
Counting Days While Waiting On Nothing
Traders were “unruffled” Tuesday, ahead of the Fed and key data. That was Bloomberg’s adjective.
One Bank Asks: ‘What Bubble?’
What’s the definition of a “bubble” in the market context? That’s a question I’ve explored
Paul Tudor Jones And The Celebrity Fixation
Do you ever wonder why we (as a society) care about celebrity endorsements? In a
Topic Du Jour
Headed into the June Fed meeting, analysts and strategists were keen to dissect last week’s
An Important Non-Event
Outside of the geopolitical realm, the June Fed meeting will get top billing this week,
Bitcoin And Donald Trump Have A Lot In Common
Time and again over the years, I’ve argued that the volatility associated with Bitcoin makes
Stars May Be Out Of Alignment For Market’s Favorite Trade
Hopefully, you don’t find yourself in the unenviable position of being forced to say, definitively,
Summers, Druckenmiller And Two People I’ve Never Heard Of
I suggested Friday that “incredulous” was probably too strong a word for how market participants
Back To Goldilocks?
I’d say you could feel the incredulity in the room, but I’d be lying. Months
The Biggest Risk To The Inflation Trade Is… Inflation?
The inflation trade is in jeopardy from… inflation. That’s one takeaway from the latest installment
For US Consumers, Inflation Woes Persist Despite Sentiment Bump
Fortunately for everyone other than headline writers, inflation expectations fell in the preliminary read on
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”
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