When last I checked on the Huarong debacle, reports indicated the PBoC was set to
Category: Markets
Housing ‘Zenith’
Housing starts came in at the low-end of the range for April, perhaps suggesting that
External Factors
Sentiment improved Tuesday, as markets seemed at ease (figuratively and literally) with Richard Clarida’s assurances
Compelling Narratives
A lackluster start to the week was blamed, in part anyway, on underwhelming data out
Companies Made Some Money. People Bought Some Stocks
You know, it’s funny: Q1 2021 was just about as good as it gets on
Labor Rising
The global recovery is “red-hot,” Morgan Stanley declared, in the course of reminding market participants
A ‘Healthy Level’
“A healthy level of inflation is a sign the economy is healthy,” Raphael Bostic said
Fitful Starts
Equities are consolidating, a process which could last between one and three months, and will
Not Your Hedge
Meanwhile, from the “things you don’t see everyday” file, TLT fell 50bps on three consecutive
The Dairy Aisle
On Friday, in response to a reader comment, I noted that the archetypal American Everyman
Mandatory Action Verbs
“Nobody actually has a very good handle on where near-term inflation prints will land, and
Shaking The Edifice
Although things had an “all’s well that ends well” feel to them by Friday afternoon,
Goldman Raises S&P Profit Forecast After ‘Stellar’ Q1
Consensus expected corporate profits in the US to rise 20% YoY during the first quarter.
Genie Bottle
All’s well that ends well. For those fortunate enough to own equities, that is. If,
What Happens To Jerome Powell If Inflation Spirals?
“Macro vol is back,” Deutsche Bank’s Alan Ruskin declared, following this week’s shocking CPI report,
Inflation Expectations Skyrocket, Knee-Capping Sentiment
Consumer sentiment unexpectedly soured in May, the preliminary read on the University of Michigan’s gauge
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
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