Joe Biden assumes the presidency with a daunting task vis-à-vis markets or, perhaps vis-à-vis markets’
Category: Markets
Stocks’ ‘Surrogate Buy Flow’ Could Reach $96 Billion, Nomura’s McElligott Says
US equities are getting a helping hand from a familiar place. “Systematic Vol Control is
Morgan Stanley Had A ‘Very Strong,’ ‘Excellent’ Year. How About You?
Morgan Stanley starts 2021 with “significant momentum,” James Gorman said Wednesday, as the bank released
‘Act Big’ (Tequila In The Blender)
Janet Yellen had no trouble with her confirmation hearing on Capitol Hill Tuesday. I imagine
‘Correction Imminent’: BofA Survey Suggests Sentiment Overshoot
All in, apparently. 73% of investors who answered the “early-cycle” versus “recession” question in the
Here’s The Reality Of ‘Bubbles’
Ask European fund managers what keeps them up at night and you might hear: “A
Goldman Releases Quarterly Compendium Of Large Numbers
In news that probably won’t surprise anyone, Goldman easily beat estimates Tuesday when the firm
Bank Of America Slashes Reserve, But Misses On Multiple Fronts
Bank shares came off the US holiday nursing the wounds from a steep, late-week selloff
Return Of The Queen
Risk sentiment was generally buoyant Tuesday, as market participants watched Janet Yellen make the case
One Pro Reveals His ‘Just To Get Myself Into Trouble’ Trade
This is my “buying a hedge in another market just to get myself into trouble”
As Yellen Takes Treasury Reins, Dollar Bears Emboldened
Janet Yellen isn’t going to pursue a weak dollar policy. Or at least that’s what
With Trade War Lost, Trump Throws Last Punch In China Fight
The consensus narrative around the Trump administration’s final push to squeeze Beijing ahead of Joe
Earnings Season Is Upon Us. But Does Anyone Care?
Earnings season is upon us, but it’s not clear how much the numbers matter. Last
Inside The Bubble
Years ago, an episode of Family Guy (the edgy cartoon sitcom) featured a subplot that
‘Agnostic’ Sellers: The ‘Doom Loop’ During The Pandemic
Name something more potentially dangerous than “a large, fundamentals-agnostic, owner of equities.” Go ahead, I’ll
2021: A Rotation Odyssey
The pro-cyclical rotation finally came. For years, fleeting bouts of outperformance from perennial laggards (e.g.,
Leaving Washington
What a week it was. US equities fell Friday, amid dour retail sales and doubts
A Deadly Cocktail (But The Factories Are Ok)
At least the manufacturing sector is holding up. On a day when retail sales posted
Surprise! Retail Sales Are Total Debacle
Late last week, when December payrolls showed the leisure and hospitality industry shed nearly a
What, No Champagne? Markets ‘Remarkably Indifferent’ To $2 Trillion Biden Plan
As soon as Joe Biden finished speaking on Thursday evening (and even before he started),
JPMorgan Beats Helped By Reserve Release, But Dimon Delivers Caveats, Warnings
JPMorgan kicked off earnings season Friday, with Wall Street’s five largest banks on track to
Why Do We Bother? (No Time Soon)
It’s weeks like this when you wonder why we even bother with markets. Sure, there’s
Disaster Strikes As Jobless Claims Suddenly Surge To Almost 1 Million
Nearly 1 million Americans filed for unemployment benefits last week, a rather disconcerting development that
Alibaba, Tencent Spared Trump’s Wrath. Xi ‘Hopes’ Starbucks Can Thaw Cold War
Maybe it was just my espresso high (which would be ironic in this case), but
Of Bonds And Bernie
For the second consecutive day, bonds rallied and a strong auction result suggested the Treasury
Fed ‘LOLables’: Nomura’s McElligott On When Rising Real Rates Will Become A Problem
When it comes to client inquiries, Nomura’s Charlie McElligott hears the following more than any
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