“Optimism abounds,” SocGen’s Albert Edwards wrote, in the opening passage of his latest piece, out
Category: Markets
Poker Faces And Unreasonable People
(Editor’s note: Like so many of the articles published here, I started this piece with
Somebody Tell Jobless Claims They’re Going The Wrong Way
744,000 Americans filed for unemployment benefits last week, far more than the 680,000 consensus expected.
Fed Nowhere Near Any Kind Of Tightening (If You Were Wondering)
I wish I could tell you that “expectations were running high” or that traders were
Jamie Dimon Delivers 67-Page Prescriptive Manifesto For America
“While I have a deep and abiding faith in the United States of America and
The Summer Bonanza Scenario, Bassman On Archegos & Other Potpourri
Some folks were vaccinated. Four million of them in a single day, actually. This is
MRA’s Curnutt Suggests Cure For Fund Manager ‘ROMO’
Whenever it feels like a melt-up might be afoot, market participants (and the media) go
‘Life Ain’t Fair’ Is Passé In Post-Pandemic World, IMF Suggests
As expected, the IMF upgraded its forecast for global growth Tuesday, while simultaneously adopting a
Credit Growth In China May Decelerate To 15-Year Low
As it turns out, the PBoC didn’t just instruct banks to rein in lending for
A ‘Formidable Institution’
Credit Suisse grabbed headlines again Tuesday, as the bank is poised to take a $4.7
The Madness Of King Dollar
“Firm US growth and rising bond yields may keep the greenback supported over the short-term,”
Another Record: ISM Services Comes In Scorching
US services sector activity picked up dramatically last month, ISM said Monday. The headline print
At A Minimum
The mood seemed tentatively upbeat as some markets returned from the holiday Monday and US
The Big Question: What Will Become Of The Rotation?
One of the (many) pressing questions coming off a fraught (or exhilarating, depending on how
Fearing Property Bubble, China ‘Instructs’ Banks To Slow Credit Supply: Report
Aside from the prospect of a hawkish Fed, almost nothing causes more furrowed brows among
Sincere And Prudent
Equities will have their say on March’s blockbuster US jobs report — on a delay.
Relatively Attractive Alternatives
Suddenly, there is an alternative. Or at least that’s one way to look at the
Feast, Famine And The Fed
Time and again over the past several months, I’ve pointed to what could end up
What Does It Mean To Starve?
Back in February, I removed a reader comment from an article called “The Children Are
Everything Roses? Under The Hood Of The March Jobs Report
March’s jobs report was a blockbuster and early reactions were almost unequivocally and universally upbeat.
Give Me Fives
March’s rosy jobs report was met with bear flattening Friday, as markets looked to reprice
US Economy Adds Nearly 1 Million Jobs In Blockbuster Month
The US economy added 916,000 jobs last month, March’s hotly-anticipated nonfarm payrolls report showed. That
‘Full Bull Run’
US equity futures were higher ahead of Friday’s all-important nonfarm payrolls report, which, as expected,
Credit Check (Records Were Broken)
Q1 2021 was the worst quarter for investment grade credit since Lehman. Total returns in
IMF Calls For Global Wealth Redistribution To Avert Societal Breakdown
The IMF says it’s time for the world to pivot in the direction of more
ISM Manufacturing Is Giant, Screaming Fireball
ISM manufacturing was expected to come in hot for March. And it did. The market
Jobless Claims Rise After Falling To Pandemic Low
719,000 Americans filed for unemployment benefits last week, more than the 675,000 the market expected.
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