“Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery
Category: Markets
Renting In New York And San Francisco Just Got A Lot Cheaper. Any Takers?
If it’s evidence of de-urbanization in the US you seek, consulting recent housing market data
What If We’re Watering A Dead Tree?
On Wednesday, I talked a bit about the extent to which some decisions made during
People Have Less Money When You Stop Sending Them Checks, Data Confirms
Personal incomes fell 2.7% in August, according to data that is by now so stale
ISM Miss Adds To ‘Cooling’ Narrative As Rebound Drags On
Rounding out a deluge of Thursday data was ISM, which missed for September, albeit not
Jobless Claims ‘Improve,’ Still Worst Ever Outside Of Pandemic
837,000 Americans filed for unemployment benefits last week, confirming (again) that the labor market has
Imagined Reality
The good news is, the US government isn’t going to formally shutdown. As expected, Donald
When Is A Silver Bullet Not A Silver Bullet?
When is a silver bullet not a silver bullet? That’s a question market participants need
Cast Members
Wherever they end up, negotiations around another virus relief package in the US haven’t gone
Strong ADP Report Bodes Well For September Payrolls As Stimulus Talks Continue
US firms added 749,000 jobs in September, ADP said Wednesday. That was more than the
Markets Grapple With Debate Debacle, EU Tariff Threat, China Antitrust Probe Into Google
“If the US presidential debate had, in election night fashion, flashed up a picture of
Chicago PMI Was So Good It Decided To Come Out Early
The Chicago PMI is supposed to come out at 9:45 AM ET, but on Wednesday,
China PMIs Beat, Ostensibly Bolstering Recovery Case
China’s economic recovery remained largely on track in September, PMI data out Wednesday suggested. The
Ambiguous Ambiguity
When it comes to US equities and a prospective Joe Biden administration, the debate has
‘For Some Reason’ America’s Government ‘Just Can’t Get It Done’
The daily rate of positive coronavirus tests hit 3.25% in New York City, Bill de
Nomura’s McElligott On ‘Doomsday Prepping’ And The Underpriced ‘Risk’ Of No Chaos
Assuming no black swans come splashing down in the macro lake, equities may be somewhat
Europe Risks ‘Deflationary Spiral’ As German Data Raises Alarm
If Christine Lagarde and the ECB were already fretting about deflation risks in the months
One Pro’s ‘Machiavellian’ Trump-Mnuchin Theory To ‘Prove Bears Wrong’
[Editor’s note: As many readers are likely aware, fan-favorite Kevin Muir — formerly head of
Much More Money
“Much more”. That’s a rough estimate of what Nancy Pelosi needs to hear from Steve
When It Comes To Huge Corporate Leverage, There Is No Easy Way Out
“Records were shattered on debt, GDP, and leverage”, SocGen’s Stephen Gallagher writes, recapping what will
Thank God For The Technocrats
Equities seemed pretty sure-footed in the earliest trading this week, but separating signal from noise
Stocks Have Cleared Two Of Three ‘Key Challenges,’ JPMorgan Says
The good news is, we’ve cleared two of three key near-term challenges for equities, JPMorgan’s
Risk On In A Risky World
Global equities came into the new week looking for gains as risk appetite was buoyant
Dear Stock Bulls: Don’t Fear The Inflation Monster
Will rising inflation weigh on equity prices via higher nominal interest rates? Spoiler alert: Probably
Trump Administration Sanctions China’s Top Chipmaker In Possible ‘Tipping Point’
Earlier this month, shares of Semiconductor Manufacturing International, China’s top chipmaker, plunged on reports the
Counting Down To The Unknown
All’s well that ends with the Nasdaq posting its first weekly gain in four, I
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