Market participants sleepily adrift or otherwise mired in the summer doldrums will be compelled to
Category: Markets
The Final Leap: America’s Overlapping Crises May Make Fed Stock Buying Inevitable
“If you don’t think that the mechanical processes that have been worked out over the
‘Rationally Being Irrational’ (And The Second Half Playbook)
“…why would anyone expect markets to connect with macro?”
Deutsche’s Kocic On ‘5 Major Crises’ And ‘The Big Whipsaw Of 2020’
“Markets are not behaving in a conventional way, in any historical, traditional or logical metric
Goldman: In Downside, S&P 500 Profits Won’t Recover From Pandemic Until 2023
Don’t worry, the base case still looks like a “V”.
Nomura’s Charlie McElligott Talks Pandemic, Stocks, Bonds, Election In Sweeping Interview
“The entire professional investor universe is, in my mind, basically a momentum trader themselves”.
Lacy Hunt On Pandemic: Prepare For ‘Years’ Of Low Inflation, High Unemployment, Lackluster Growth
It’s going to be a while before things get back to any semblance of normal.
Looking Ahead To ‘The Poor Bank Redemption’
Is bank underperformance “a signal of no economic hope” and something “sinister”?
Zeitgeist Unchanged
The times may be a changin’, but the post-pandemic world has served to entrench familiar market dynamics.
From ‘Healthy Bull’ To ‘Mad Cow Meat Grinder’: China Engineers Selloff After $1 Trillion Run
“…and investors exclaimed ‘a bull market is coming!'”
Hooray For Jay: Tsunami Of Inflows Into High-Grade Bonds Hits 13 Weeks
To reiterate what is now a weekly refrain…
Is The Market Sleepwalking Into A Summer Growth Scare?
…even as these long, summer days feel sleepy and aimless.
You’re Looking At The Wrong Unemployment Data, One Bank Warns. The ‘Real Story’ Is Here…
The official number “simply does not reflect the reality of the US labor market”.Â
Albert Edwards Recalls Wise Words Of Late Boss. Warns On Deflation, Ponzi Schemes
“The deflationary reality will mean even more monetary largesse is coming”.
Jobless Claims Better Than Expected, But Stalled Re-Opening Push Looms Large
Congress will debate the contents of an assumed next round of virus relief later this month.
The Real Show (I’m Feeling Invincible Right Now’)
Gold, tech, and Chinese stocks.
Marko Kolanovic On The Rally, The Election, Tech Crowding And COVID-19
“Many investors did not participate in the equity rally”.
No, Stocks Aren’t Pricing In A ‘V-Shaped’ Recovery, Morgan Stanley Says
“…if investors expect a robust economic bounce back, they have an odd way of expressing it”.
Fairly Wacky Ideas.
“It sounds quite radical”.
Attack The Peg? Trump Administration Ponders Nuclear Option For Hong Kong Retaliation
“We are looking at numerous different things”.
Why One Bank Thinks Big Tech Is ‘The Most At Risk’ If Joe Biden Takes The Oval Office
And yet, all of this comes as the post-COVID reality tends to favor many of trends associated with “new” tech.
‘Why Now?’ Questions Abound About Timing Of China’s New Stock Bubble
Great questions, all.Â
There’s A Risk-Off Trade Afoot, You Just Didn’t Notice…
A quick look under the hood.
‘NASDAQ HITS ALL TIME HIGH!’, Shrieked The Sovereign
…content in the notion that as long as equities are loitering in rarefied air, all must be right in the world.
Castles In The Sky.
Equities’ phoenix-like rise from the ashes of March is increasingly difficult to rationalize.
US Services Gauge Logs Biggest Jump In History. So There’s That.
Employment still looks shaky, though.
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