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Category: Markets

Now For The Bad News From The June Jobs Report…

July 2, 2020

For many, “temporary” precarity has become permanent.

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2 Comments on Now For The Bad News From The June Jobs Report…

Latest Jobless Claims Numbers Suggest We’re Not Out Of The Woods

July 2, 2020July 2, 2020

Reality check?

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Blockbuster: US Economy Adds 4.8 Million Jobs In Eye-Popping June Payrolls Report

July 2, 2020July 2, 2020

Now questions will turn to the necessity (or not) of another stimulus package.

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6 Comments on Blockbuster: US Economy Adds 4.8 Million Jobs In Eye-Popping June Payrolls Report

The Tension Is Thick. But Not As Thick As The Summer Air

July 2, 2020July 2, 2020

…a perfect super spreader event, I might add.

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7 Comments on The Tension Is Thick. But Not As Thick As The Summer Air

Prayers And Fundamentals.

July 1, 2020July 1, 2020

Joie de vivre.

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4 Comments on Prayers And Fundamentals.

Fed Not Ready To Roll On Yield-Curve Control

July 1, 2020July 1, 2020

September implementation may be a stretch.

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1 Comment on Fed Not Ready To Roll On Yield-Curve Control

Optimists Get More Ammo As ISM Climbs Higher

July 1, 2020July 1, 2020

Still, it’s a long climb out of this dark basement.

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Is The US Labor Market Back? Wild Revisions And Rampant Ambiguity

July 1, 2020July 1, 2020

Getting a “clean” read on things is well-nigh impossible.

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You’re Under Arrest. (Welcome To The Third Quarter)

July 1, 2020July 1, 2020

On that happy note, the third quarter (and second half) of 2020 is underway. 

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Harley Bassman: This Combo Will End In Tears, But Success Is Likely In The Medium-Term

June 30, 2020June 30, 2020

“I must confess the notion of buying the SPX near 3000 sounds silly”.

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8 Comments on Harley Bassman: This Combo Will End In Tears, But Success Is Likely In The Medium-Term

Facing Bankruptcy During The Best Quarter For Stocks Since 1998

June 30, 2020June 30, 2020

What a juxtaposition.

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5 Comments on Facing Bankruptcy During The Best Quarter For Stocks Since 1998

Speculative Mania Or ‘Unprecedented Bearishness’? The Strange Case Of The US Retail Investor

June 30, 2020June 30, 2020

It’s a generational thing. 

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Fiscal Cliffs And New Lockdowns Undercut Signal From June Data

June 30, 2020June 30, 2020

In the simplest possible terms…

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3 Comments on Fiscal Cliffs And New Lockdowns Undercut Signal From June Data

With 2020 Halfway Over, ‘Markets Are Relying On Their Own Unique Take’

June 30, 2020June 30, 2020

Halfway through — glass half empty or half full?

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‘You Are Here’: Morgan Stanley’s Mike Wilson Is Still Bullish

June 29, 2020June 30, 2020

“…while some might contend earnings forecasts remain too high, we would argue otherwise”.

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4 Comments on ‘You Are Here’: Morgan Stanley’s Mike Wilson Is Still Bullish

You Gotta Buy Any Dip: FOMO Calls Are Back, But Not Everyone Is Excited

June 29, 2020June 29, 2020

… figuratively or literally.

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4 Comments on You Gotta Buy Any Dip: FOMO Calls Are Back, But Not Everyone Is Excited

US Revokes Hong Kong’s Special Status After Weeks Of Tension Around Security Law

June 29, 2020June 29, 2020

“Risks the US refuses to accept”…

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5 Comments on US Revokes Hong Kong’s Special Status After Weeks Of Tension Around Security Law

Buy America! Fed Launches Primary Corporate Credit Facility

June 29, 2020June 29, 2020

If you were already offended by the Fed’s purported “transgressions”, you can pretend to be even angrier now.

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6 Comments on Buy America! Fed Launches Primary Corporate Credit Facility

The Data Is Playing Along

June 29, 2020June 29, 2020

And yet, it all hinges on the jobs report.

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2 Comments on The Data Is Playing Along

As ‘Bargain’ Remdesivir Pricing Draws Ire, Market Casts Wary Eye At Relentless Virus

June 29, 2020June 29, 2020

“An amazing deal”.

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7 Comments on As ‘Bargain’ Remdesivir Pricing Draws Ire, Market Casts Wary Eye At Relentless Virus

Nomura’s McElligott On ‘Unprecedented’ Short Covering And A ‘Perverse’ Local Risk

June 29, 2020June 29, 2020

“All’s well unless”…

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2 Comments on Nomura’s McElligott On ‘Unprecedented’ Short Covering And A ‘Perverse’ Local Risk

Hopefully, So Far, For Now

June 28, 2020June 29, 2020

Investors face an uncertain future after historic rally.

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3 Comments on Hopefully, So Far, For Now

Fed Unveils Composition Of Corporate Bond Portfolio. Why Not Have A Look?

June 28, 2020June 28, 2020

“Moral hazard!”, everyone shouted, in unison.

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10 Comments on Fed Unveils Composition Of Corporate Bond Portfolio. Why Not Have A Look?

‘Pivotal’

June 28, 2020June 28, 2020

Then again, fireworks have a way of showing up when you least expect them.

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2 Comments on ‘Pivotal’

Picture Perfect: The Fed Gets ‘Exactly What It Wants’

June 27, 2020August 15, 2020

“The Fed must be happy”, TD’s Priya Misra said this week. “Well, at least pleased

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2 Comments on Picture Perfect: The Fed Gets ‘Exactly What It Wants’

Goldman: Expect High Volatility And Low Risk-Adjusted Returns

June 27, 2020June 27, 2020

Curb your enthusiasm. And buckle up.

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2 Comments on Goldman: Expect High Volatility And Low Risk-Adjusted Returns

This Time Was Different. Bears Should Live To Fight Another Day

June 27, 2020June 28, 2020

“It ain’t over yet.” Yes it is.

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11 Comments on This Time Was Different. Bears Should Live To Fight Another Day

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Monthly Letter

  • To Be Happy

Recent Comments

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Monthly Letters

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

Escape Artists

May 11, 2026May 11, 2026

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