Consumer sentiment unexpectedly soured in May, the preliminary read on the University of Michigan’s gauge
Category: Markets
Halfway To $1 Trillion And A Trio Of Summer Calls
If you were wondering whether inflation worries and the stunning miss on US nonfarm payrolls
US Retail Sales Suffer Stimulus Hangover
US retail sales were unchanged in April, data out Friday showed. Consensus expected a 1%
Cashing Out
“Thanks for everything, but I’ll be leaving now. I’m a crypto magnate.” Is what Aziz
‘That Thud You Heard’
“That thud you heard last Friday was the jaw of every forecaster hitting the floor,”
Bitcoin Crowd Learns God Can Be Cruel
In late January, when you could grab some Dogecoin for the “bargain” price of $0.06,
Is Modern Market Structure Ready For A Macro Regime Shift?
On several fronts, one could argue that uncertainty has diminished materially over the last few
More Inflation, Less Joblessness
Producer prices rose twice as much as expected in April, another round of inflation data
Welcome To The Hyperinflation Era. Did You Buy Bread Yet?
Welcome to the first day of the hyperinflation era in the US. I’m just kidding.
‘China’s Credit Impulse Just Turned Negative’
Lost in the whirlwind of inflation hysteria Wednesday was a notable downside surprise in China’s
First, Do No Harm
The Fed “would not hesitate to act” in the event inflation were to surge, Richard Clarida
Scorcher: Inflation Screams Higher, Testing Fed, Markets
Those expecting a red-hot April inflation print in the US weren’t disappointed. Consumer prices surged
Talking Points
All eyes turned to US inflation data Wednesday, as markets exhibited what one popular strategist
Monkey Business
I can be a bit abrasive at times. Longtime readers will attest to that. Usually,
Greed Is Good. Just Not If You’re A Worker
Greed is good. If you’re capital. If you’re labor, greed is synonymous with being lazy.
‘Perfect Storm’: McElligott On Tech Selloff, ARK ‘Feedback Loop’
A decade (plus) of what may as well have been one-way price action in tech
Stan Druckenmiller Isn’t Telling The Truth About America’s Finances
Stan Druckenmiller celebrated the one-year anniversary of what turned out to be one of the
Nobody Say ‘Selloff’
Someone suggested Tuesday that “selloff” seemed like something of a misnomer. Intermittent weakness and a
Tears For Capital
Expectations matter, we’re told. And they’re rising when it comes to prices. According to the
Save The Darlings
Tech can’t seem to get out of its own way in an environment where investors
Everyday Joe
Five-year breakevens hit 15-year wides Monday, as rising commodity prices, jitters tied to the Colonial
Gods On The Moon
Geometric Energy Corporation is “transforming civilization,” according to its website. It’s also going to the
Can’t-Lose Thinking
With the dollar coming off its worst week since December (figure below) and market participants
The Growth Religion And Big Tech Exceptionalism
A persistent theme in these pages is the notion that being overweight America’s tech titans
And Miles To Go Before We Hike
In a parallel universe where the latest US jobs report showed the world’s largest economy
The One Thing Stocks Can’t ‘Live With’
“No matter what, we’ve seen the market predominantly go up, not down,” one PM and
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