Modern market structure isn’t something a lot of investors, or even traders, truly understand, and
Category: Markets
The Buyers Were Higher
Don’t say it wasn’t predictable. Because it damn sure was. No, this isn’t another “I
Wall Street’s War Windfall
Volatility can be a good thing if you’re in the business of providing liquidity, making
BofA Says Did Pretty Swell Last Quarter
It was a banner quarter for BofA’s stock traders. Like their counterparts at Goldman, Brian
Like It Never Happened. (Death And Destruction Aside.)
“I think it’s close to over, yeah.” So said Donald Trump while chatting about the
Iran War Blows Up Professional Investor Sentiment
Donald Trump’s war with Iran triggered a surge in a survey measure of professional investors’
JPMorgan Beats. Dimon Flags Risks, Says He’ll Manage Them
JPMorgan beat estimates on more or less every key line in Q1 results released Tuesday.
Bonds Are In 2026 What Stocks Were In 2008
Who wants bonds? Still nobody. They don’t work in the “new” old normal. War, macro
Stocks Are The ‘Vigilantes’ Now
It used to be the bond market that bullied politicians and policymakers into pivots. Now,
Weekly: All Eyes On Islamabad
Generally speaking, it’s not a good bet that benchmark US equities will fall six weeks
Mechanical Stock-Buying In Play On ‘Face-Ripper’ Rally
By now, all regular readers should be able to write their own script re: mechanical
V-Day (Everybody’s A Winner!)
Risk sentiment was predictably buoyant Wednesday, as markets around the world cheered a two-week ceasefire
Weekly: Back To Normal
I realize many (most?) readers don’t like this framing, and in a lot of important
Peace Dividend
Did you listen to Bill Ackman? Did you “ignore the bears” on the way to
Bad News Bears
As a reformed macro-market propagandist, I’m a recognized authority on negative economic news. I’ve been
Bill Vs. Bagher
Heads-up: Pre-market so-called “news” or “Truth” is often just a setup for profit-taking. Basically, it’s
Restless Wall Street Out Of Patience With Iran War
At the index level, the five-week selloff in US equities is the furthest thing from
VaR Is Hell
If I weren’t so committed to editorial integrity, I could’ve penned a terrifying headline for
Private Credit: Who’s Scared?
The private credit apocalypse is back in the news. I don’t know that it ever
Where’s The Stock, Pump Price Pain Threshold?
What’s the equity market pain threshold for the Trump administration? Not SPX 6500, apparently, and
Operation ‘Rage Flip’
It really is difficult to overstate the case when it comes to describing the dramatic
Weekly: Hawks, Hawks Everywhere
It was rough out there for investors this week. Again. It’s not a coincidence that
‘Just An Ongoing, Bleeding Risk-Management Flow’
“Are we really tightening policy into a global energy supply shock with an already fragile
UK Front-End Ablaze As BoE Turns Hawkish
The Bank of England might’ve cut rates today. Then came the war. At the last
‘Standard Learning’
There were two overarching takeaways from Jerome Powell’s press conference on Wednesday. The first was
You must be logged in to post a comment.