One the many marvels of 2020 was the US corporate bond market, where borrowers were
Category: Markets
‘Celebrating’ A Banner Year For Gold, Bitcoin
2020 was a triumphant year for gold bulls, both of the traditional and digital variety.
And So Ends The Worst Year In Modern History
With many markets shut for New Year’s Eve, the world closed the book Thursday on
For Jack Ma, The Cost Of Insubordination Is $11 Billion (And Counting)
Poor Jack Ma. I mean, not really. Things can’t be all that bad if you’re
Approvals, Surges, And Variants
More incremental vaccine news greeted markets Wednesday as AstraZeneca and the University of Oxford’s COVID-19
Threats In Limbo
Another day in post-Christmas, pre-New Year limbo produced little in the way of excitement, although
No Way Out: Breaking The Cycle Of Asset Price Inflation May Be Impossible
I don’t claim to know much with absolute certainty, but one thing I’m almost sure
Everybody’s A Dollar Bear For 2021
The dollar looked poised to close out the year with a second consecutive monthly decline,
Onward And Upward?
Global equities hit new highs Tuesday as markets saw no reason to fade the steady
Bitcoin, The $28,000 Derivative Of Netizens’ Collective Imagination
I suppose I’d be remiss not to mention Bitcoin coming off a Christmas rally that
China’s Tech Titans Crumble At Xi’s Feet
Since peaking in October, Alibaba has now shed more than a quarter trillion in market
Let Reason And Science Guide Us. And Stimulus. Lots Of Stimulus.
Equities looked to rise coming off the Christmas break, buoyed by Donald Trump’s decision to
Ant, Meet Sledgehammer
Jack Ma should have kept his mouth shut. The often flamboyant billionaire was reportedly warned
Georgia (Still) On My Mind
In the immediate aftermath of the US election, markets cheered what was variously billed as
‘Return-Free Risk’
In a world where some $18 trillion in debt “boasts” a negative yield, bonds no
How The Fed Changed And Why One Pro Will Buy The Next Correction
Yet, when I look at the traditional executioner of bull markets (the Fed), I see
Icarus And His Ant
Shares of Alibaba dove in Hong Kong Thursday, extending a slide that now sums to
Once Burned, Twice Steep
One almost hesitates when it comes to dedicating space to incremental Brexit news. And certainly
Screeching Tea Kettle Downgraded To Rolling Boil As New Home Sales Miss Badly
A day after the latest read on existing-home sales suggested record-high prices may constrain (or
Americans’ Income, Spending Fall Much Harder Than Expected As Slowdown Accelerates
Concerns that falling incomes were destined to manifest in slower spending were realized in November,
Jobless Claims Fall, But Stick Well Above Pre-Pandemic Record As Deadlines Near
803,000 Americans filed for unemployment benefits last week, down sharply from a revised 892,000. The
Darker-er-est Days
Joe Biden wants more stimulus and Walmart found itself in the crosshairs of the Justice
Meanwhile, In Housing Bubble News…
Is America’s newly minted housing bubble bursting?! I’m just kidding. The answer is “no.” Or,
US Consumer Confidence Tumbles In December As ‘No Significant Momentum’ Seen
Not surprisingly, consumer confidence in the US fell again in December, The Conference Board said
Mutants And iCars
US equities managed to pare losses Monday, rebounding from fairly steep declines catalyzed by renewed
‘Pain Point’: Nomura’s McElligott On Dollar Squeeze, Gamma Drop-Off
The dollar jumped the most since March on Monday before eventually trimming gains. The initial
‘Nightmare Before Christmas’ Grips UK As New Virus Strain Triggers Crisis
Markets were staggered Monday as dour news out of the UK undercut risk sentiment and
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