Bland. Measured. Patient. Calm. Xanax. Those are all words you might toss around while describing
Category: Markets
The Fed’s Last Stand
The Fed went the cautious route on Wednesday with a 25bps rate cut, a restrained
The Smart Money Hasn’t Been This Bullish All Year
Bullish. That’s fund managers. Or the ones who bothered to participate in BofA’s closely-watched monthly
Why Stocks Aren’t Worried About A Downshifting US Jobs Market
You don’t need me to tell you this, let alone any “chief equity strategist,” but
No More Quarterly Earnings Reports? Trump’s Had Worse Ideas.
Donald Trump has some ideas. Most of them are bad. Not all of them, though.
The Weirdest FOMC Meeting Ever, Part Deux
Amid the political melee, it’s easy to forget that there actually is a genuine (i.e.,
The Weirdest FOMC Meeting Ever, Part I
The September 2025 FOMC gathering will be a surreal experience. For markets, but also for
It’s Quiet. Too Quiet.
“It’s quiet,” as the clichéd allusion to imminent danger begins. “Too quiet.” I talked about
Bad News Is Good News (Double Dovish Whammy)
The good news for stocks it that the data’s bad. How many times have we
Stock Bubble Metric Hits New Record In Nod To Inequality Spiral
US equities came into Friday looking for a second consecutive weekly gain, a fifth in
Larry Hits The Jackpot
Larry Ellison made something like $120 billion by lunchtime on Wednesday. How’d you do? I
Investors Are Learning To Live With A Post-Democracy America
There for a time, the story of 2025 was US underperformance. On some vectors anyway,
S&P 7,000 Here We Come?
The outlook for large-cap, US corporate equities — “the stocks,” if you like — remains
Silver Lining (As Easy As 1, 2, Recession)
Donald Trump may not be happy with Friday’s jobs report, but he should be pleased
Thank A Robot ($191.5 Billion)
If we’re going to scapegoat “the machines” for escalatory selloffs as we so often do
Policy Errors And Politicization
Is the Fed making a policy mistake by cutting rates at this month’s meeting? Note
Welcome To September
It was notable that the long-end of the US Treasury curve saw no relief Tuesday
Signs Of The Times (Gold And Gilts)
Call them signs of the times. On Tuesday, long-end UK yields were the highest in
Enjoy It While It Lasts
All’s well that ends well? That’s a question. I don’t know the answer. Stocks slipped
Fed Politicization Is A 2026 Story, Traders Bet
It could’ve been worse. Indeed, I’ll argue it should’ve been worse. “It” is the bond
Frenzy Wanes, But Nvidia Still ‘Extraordinary’
Nvidia and its swollen market cap narrowly topped estimates in results released after the bell
Fire Juggler
I’m quite sure he doesn’t care, or at least not yet, right now. And he’s
Two And 20 In 2025
What’d you get for your two and 20 this year so far? On average, hedge
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