One of the most ridiculous weeks in recent memory ended with a flourish, as US
Category: Markets
Markets Are Musk’s ‘Toy’ As Mania Hits ‘Whippet In A Turtleneck’ Phase
“If Bitcoin continues to fall, it would be just one more warning shot that P/Es
Don’t Worry Retail Investors, The SEC Will (Maybe) Protect You
If you’re a retail investor or otherwise count yourself among the multitudes of market participants
Reflation Narrative Gets Marginal Boost From Incremental Data
It might be “old news” in some respects, but personal income and spending data for
Meanwhile, In China: A Cash Crunch
China engineered a pretty epic cash squeeze this week. Liquidity withdrawals over the past several
Robbing Peter To Pay Paulie
After drawing down more than $500 million from a credit line with a half-dozen banks,
‘Anger’: WallStreetBets, GameStop, Robinhood Drama Becomes National Scandal
Any hope that America would regain its senses and become collectively sane again following one
Nomura’s McElligott On Neon Swans From WallStreetBets
“The Empire Strikes Back,” Nomura’s Charlie McElligott chuckled on Thursday, as platforms began to implement
Albert Edwards: ‘If The Retail Mob Is Angry Now, Wait Until They Lose Their Shirts’
While there’s a calm, rational case to be made for ignoring the raging “bubble” cacophony
US Economy Decelerated In 2020’s Final Quarter As Spending Stumbled
The US economy expanded at a 4% annual rate in the fourth quarter, the government
847,000 Americans Fell Victim To ‘Meritocracy’ Last Week
Good news! “Only” 847,000 Americans filed for unemployment benefits last week. This is yet another
On Reddit, ‘The Show Must Go On’
The dollar touched a five-week high before trimming gains and there was a discernible sense
Facebook’s ‘Uncertainty’ And Apple’s $100 Billion Quarter
Normally, Apple, Facebook, and Tesla would dominate the news cycle on a day when all
Fed Points To Waning Momentum In Virus-Blighted US Economy
The Fed on Wednesday did as expected — they kept policy on hold and cautioned
‘Insane, Dangerous’ Reddit Stock Phenomenon Raises Uncomfortable Questions
“Liquidity, not low bond yields, is fueling this market, and market behavior is so speculative
Marko Kolanovic: ‘Outlook Is Positive, Buy The Dips’
“[The] outlook remains positive – buy the dip,” reads the first line of the latest
Resilient Durables Does Not A Durable Recovery Make
You can put your own spin on December’s durable goods numbers. The headline print, a
‘We All See It Happening’: Dour Predictions Proliferate As Insanity Reigns
Risk sentiment was noticeably sour Wednesday morning in the US, as market participants pondered earnings,
‘This Is A Riot’: Reddit Stock Mania Channels Populist Battlecry
Apparently, the GameStop fight (which by now includes many more names than just GameStop) has
‘Imminent’ Stock Correction: What’s Bitcoin Got To Do With It?
If you’re expecting a correction for US equities or, at the least, for one of
Stop Asking Me About GameStop, Jason
People keep asking me about GameStop. I’ve been extremely reluctant to engage. But, against my
Today Is Bad, But Tomorrow Will Be Better
Well, consumer confidence ticked higher in January, rising to 89.3 on The Conference Board’s gauge
IMF More Optimistic, Gopinath Says Biden Plan Would Boost US
Good news! Albeit news that most folks won’t be inclined to care much about. The
Stocks, Reflation Trade Due For ‘Deserved’ Break: Morgan’s Wilson Suggests
It’s always interesting to observe the difference in cadence between the rates crowd and the
McConnell’s Relent, Fast Times In Hong Kong & ‘Civic Integrity’
The froth in Hong Kong came off fairly dramatically Tuesday, as the Hang Seng tumbled
Same As It Ever Was?
Suddenly, the pro-cyclical rotation catalyzed by the prospect of more fiscal stimulus (think: A unified
I’m Old Enough To Remember The Bond Selloff
So much for 1.25%. Late last week, I wrote that the US 10-year was “basically
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