Rate cuts are coming soon to the allegedly over-budget construction site that is the Marriner
Category: Markets
Powell Holds Firm, But Nods To September Rate Cut
As expected, Jerome Powell opened the door to a rate cut at the September FOMC
Fed Still Saw Inflation As Biggest Risk, Minutes Show
When they’re not mismanaging asbestos removal projects and committing mortgage fraud (if you can’t detect
The Problem With Scott Bessent’s Neutral Math
A lot of times — too often — we take what ostensibly smart people have
Cost Of Mag7 AI Dream Spirals Toward $1 Trillion
Let’s talk about capex. Again. Because that’s entertaining, right? Don’t tell me you didn’t wake
Catch Me If You Can
Remember the S&P 493 “catch up” thesis? If not, don’t worry, it’s simple. It said
The ‘Best’ Earnings Season Ever
It’s official. With earnings season all but over in the US, Q2 was the best
Inflation Up, Rates… Down?
On balance, professional investors expect inflation to move higher around the world over the next
YCC: Coming Soon To The Fed?
If you had any doubts as to what Donald Trump wants in a Fed Chair,
Quality Not Guaranteed
In “How Overvalued Are The Most Expensive Stocks?” I spent a few minutes editorializing around
No Gut, No Glory
Donald Trump’s not famous for subtlety, nor stoic reserve. When in doubt, Trump goes with
How Overvalued Are The Most Expensive Stocks?
It’s been (another) good year for the mega-cap market leadership. There are exceptions. Namely Apple
‘These Types Of Speculative Frenzies’…
I’ve talked a lot recently about… well, about everything. That’s what I do: Talk all
As Summer Stock Melt-Up Crescendos, Is It Time For Caution?
Well, I told you so. I dare say I’ve trafficked in more bullish equity banter
‘Hard Landing’ Is Passé For Pros
Fund managers are the most bullish since “Liberation Day” was just a bad idea competing
Bull Markets, Dog Days
Don’t fight it. The stock melt-up, I mean. It’s a losing battle. At least until
Not The Gold!
An under-appreciated aspect of policymaking in any Trump administration is the (I think incontrovertible) fact
Tariff Fatigue
Donald Trump’s latest and “greatest” tariffs kicked in Thursday. By now, who cares? “What difference,
BoE Makes History With Most Confused Policy Decision Ever
The Bank of England carried on Thursday with what’s now among the longest easing cycles
Railroads!
Here’s something you might ask if you wanted to justify the swollen market-caps of America’s
August Bulls
Historically, September sucks for stocks. The good news is, it’s not September. Yet. It will
‘Get Ready For Stocks To Drop’?
The most read story on Bloomberg as of 8 PM ET on Monday was called
Fake Beats
The beats aren’t real! Shouted anybody and everybody, with 65% or so of the S&P
If Nobody Sees It, It Didn’t Happen
If a tree falls in the forest and nobody’s around to hear it, does it
‘This Is Fine’
The good news is, America’s premier statistics agency will prove impervious to Donald Trump’s worst
Matters Of The Utmost Concern
I’m as exhausted with narrow market laments — the jeremiads of disgruntled bears citing “extreme
Buffett’s Junk Food Write-Down (And Other Berkshire Snackables)
Berkshire reported “earnings” on Saturday, and I gotta say: The report seemed underwhelming. That evaluation
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