Editor’s note: The following piece first ran here on Sunday. We’re keeping it featured prominently
Category: Markets
‘Classic Toppy Signs’ In An Insane World
The next US president, whether Donald Trump (again) or Joe Biden, will inherit one of
‘Unfathomable Consequences’
The last full week of trading before America’s date with what some still fear will
‘Efficiency Work’
It’s fair to say 2020 has been a disastrous year for Exxon. The company, once
Drunken Dart Games (Don’t Get Excited: This Is About Personal Income And Outlays)
The last of this week’s data deluge washed over markets that didn’t generally care on
From Record-Setting Growth To Double-Dip Recession: Europe’s Fate Seen Sealed
The euro-area economy expanded at a record pace in Q3, as the same “turn the
For America’s Tech Titans, Weight Of The World Gets Heavy
Tech shares weighed on equities Friday, as solid earnings from Apple, Facebook, Amazon, and Alphabet
These Great Numbers
“Biggest and Best in the History of our Country, and not even close,” Donald Trump
Goodbye Goldilocks
The prospect of Republicans holding the Senate and proceeding to block Democratic spending proposals was
Jobless Claims, Signal Versus Noise, And ‘Better’ Versus ‘Good’
The US economy rebounded in predictably robust fashion during the third quarter, but the recovery
Lagarde, ECB Confront Double-Dip Recession As Europe Plunges Back Into Lockdown
While explaining France’s new coronavirus lockdowns, Emmanuel Macron was unequivocal in dispelling the notion that there
US Economy Serves Up Predictably Huge GDP Print. But Does Anyone Care?
The US economy expanded at a record pace in the third quarter, the first read
No Magical Solution
Daily coronavirus cases in Germany topped 20,000 for the first time since the onset of
Sell The Stocks. But Don’t Take The Bonds. Or The Cannoli
Blame the virus, blame lockdowns in Europe, blame positioning, or blame your favorite election narrative.
Nomura’s McElligott Weighs In On Wednesday’s ‘Bonkers Freakout’
Selling begets selling into an illiquid market facilitating a vicious downward spiral. It’s a familiar
Fed Is ‘Really’ Out Of Firepower. ‘Only Government Spending’ Can Save Country, Bill Dudley Warns
“If the Fed managed to push that down by another 0.5 percentage point, what difference
This May Be The Biggest Long-Term Risk For Stocks And The Economy
On Tuesday, I talked a bit out the possible disinflationary read-through in the event the
Coughs And Coffins
The mood turned dour indeed on Wednesday, as hand-wringing tied to new virus lockdowns in
‘What If He Does It Again?’ Hedging An ‘Unthinkable’ Trump Victory
Earlier this month, in “‘So Many Things Could Go Wrong’,” I talked briefly about the
Confidence, Core Competencies, And CAT Naps
Are the “fundamentals” sound? The answer on Tuesday was: “It’s complicated.” Durable goods orders beat,
From ‘Chaos’ To ‘Blue Wave Mania’: Nomura’s McElligott On Election ‘Narrative Overshoots’
Observing the evolution of the election narrative through the market’s beer goggles has been quite
China Has Seen Enough Yuan Strength, Apparently
Beijing has apparently seen enough yuan appreciation for the time being. Just hours after Guan
Eating Out In Germany & Drinking Water On The Moon
Lockdown worries continued to plague market psychology Tuesday, or at least as it relates to
Bitcoin Is Nothing
I always hesitate before putting digital pen to digital page if the subject is Bitcoin.
Diminishing Returns And Fears Of The Unacceptable
“Delicate” was an appropriate adjective on Monday when it came to describing the prevailing mood
Turkey On Brink Of Full-Blown Currency Crisis Amid Epic Erdogan Belligerence
The Turkish lira came into the week besieged. And by that, I mean it’s riding
Boeing Lands In Xi’s Crosshairs As Taiwan Spat Nears Boiling Point
On a day when ominous headlines around new COVID-19 restrictions in Europe were front and
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