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Category: Markets

ADP Posts Horrendous Miss As Employers Shed 123,000 Jobs

January 6, 2021January 7, 2021

With markets focused intently on political developments stateside, Wednesday’s data was sure to get short

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1 Comment on ADP Posts Horrendous Miss As Employers Shed 123,000 Jobs

Markets React As Dems Secure Historic Victory In Georgia

January 6, 2021January 8, 2021

The market reaction to a blue sweep in Georgia was about like one would expect.

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Trump Shouts Loudly At Ant Group, Tencent On His Way Out The Door

January 5, 2021

An already fraught situation became even more convoluted on Tuesday evening in the US when,

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2 Comments on Trump Shouts Loudly At Ant Group, Tencent On His Way Out The Door

Aaaand You’re Bankrupt. Thanks, COVID

January 5, 2021January 5, 2021

Well, the final numbers are in. Chapter 11 and 7 filings for large companies (defined

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1 Comment on Aaaand You’re Bankrupt. Thanks, COVID

Jeremy Grantham Regales Youngins With ‘Real Humdinger’ Of A Bubble Story

January 5, 2021January 8, 2021

The last time I checked in on Jeremy Grantham, he was regaling CNBC with tales

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17 Comments on Jeremy Grantham Regales Youngins With ‘Real Humdinger’ Of A Bubble Story

Bring On The Stagflation Jokes (Because Misery Is ‘Funny’)

January 5, 2021January 5, 2021

Well, the US manufacturing sector is apparently on fire — in a good way, with

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1 Comment on Bring On The Stagflation Jokes (Because Misery Is ‘Funny’)

Georgia Overload

January 5, 2021January 8, 2021

There was no shortage of analysis centered around the Georgia runoffs on Monday and Tuesday.

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5 Comments on Georgia Overload

Pins And Needles And Records In China

January 5, 2021January 8, 2021

The dollar drifted lower and US equities nervously eyed Georgia on the heels of the

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America The ‘Torn Superpower’ Is Biggest Global Risk, Not COVID: Report

January 4, 2021January 8, 2021

You might be inclined to think that COVID-19 naturally lands at the top of every

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10 Comments on America The ‘Torn Superpower’ Is Biggest Global Risk, Not COVID: Report

Bubble, Bubble, Froth & Frenzy

January 4, 2021January 8, 2021

“To wake [up] and see Bitcoin down 15% at one point overnight was certainly reflective

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4 Comments on Bubble, Bubble, Froth & Frenzy

NYSE Backtracks On Chinese Telco Delistings As Market Eyes Oil Majors

January 4, 2021January 4, 2021

Late last week, the NYSE said it would delist China Mobile, China Unicom, and China

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Markets Pleased With Prospect Of More Dollar Weakness To Start 2021

January 4, 2021January 8, 2021

Propelled by a weaker dollar, risk assets looked to kick off the new year on

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Manufacturers Are Manufacturing. Which Is Good

January 4, 2021January 4, 2021

Factory check! Because nothing’s more exciting on the first day of trading in a brand

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What To Expect From The First Week Of The Rest Of Our Lives

January 3, 2021January 4, 2021

The first week of the new year promises no shortage of melodrama in the US,

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Unintended Consequences: US Housing Bubble Edition

January 1, 2021January 8, 2021

Ostensibly, record-low mortgage rates help make homes more affordable, but surging prices have put homeownership

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2020 Was An Especially Good Year To Be Rich

December 31, 2020December 31, 2021

2020 was a good year to be rich. I mean, every year is a good

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Many Marvels: The Year In Corporate Credit

December 31, 2020January 4, 2021

One the many marvels of 2020 was the US corporate bond market, where borrowers were

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2 Comments on Many Marvels: The Year In Corporate Credit

‘Celebrating’ A Banner Year For Gold, Bitcoin

December 31, 2020January 4, 2021

2020 was a triumphant year for gold bulls, both of the traditional and digital variety.

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And So Ends The Worst Year In Modern History

December 31, 2020January 4, 2021

With many markets shut for New Year’s Eve, the world closed the book Thursday on

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19 Comments on And So Ends The Worst Year In Modern History

For Jack Ma, The Cost Of Insubordination Is $11 Billion (And Counting)

December 30, 2020March 25, 2021

Poor Jack Ma. I mean, not really. Things can’t be all that bad if you’re

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6 Comments on For Jack Ma, The Cost Of Insubordination Is $11 Billion (And Counting)

Approvals, Surges, And Variants

December 30, 2020December 30, 2020

More incremental vaccine news greeted markets Wednesday as AstraZeneca and the University of Oxford’s COVID-19

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Threats In Limbo

December 29, 2020December 29, 2020

Another day in post-Christmas, pre-New Year limbo produced little in the way of excitement, although

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No Way Out: Breaking The Cycle Of Asset Price Inflation May Be Impossible

December 29, 2020December 30, 2020

I don’t claim to know much with absolute certainty, but one thing I’m almost sure

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33 Comments on No Way Out: Breaking The Cycle Of Asset Price Inflation May Be Impossible

Everybody’s A Dollar Bear For 2021

December 29, 2020December 29, 2020

The dollar looked poised to close out the year with a second consecutive monthly decline,

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Onward And Upward?

December 29, 2020December 29, 2020

Global equities hit new highs Tuesday as markets saw no reason to fade the steady

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Bitcoin, The $28,000 Derivative Of Netizens’ Collective Imagination

December 28, 2020December 29, 2020

I suppose I’d be remiss not to mention Bitcoin coming off a Christmas rally that

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24 Comments on Bitcoin, The $28,000 Derivative Of Netizens’ Collective Imagination

China’s Tech Titans Crumble At Xi’s Feet

December 28, 2020December 29, 2020

Since peaking in October, Alibaba has now shed more than a quarter trillion in market

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Monthly Letters

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Hell Or High Fashion

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