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Category: Markets

An Aggrieved Howard Marks Warns Fed Action Risks Creating ‘A Fake, Potemkin Market’

May 18, 2020

Another incredulous “legend”, robbed of an opportunity to make (more) millions.

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11 Comments on An Aggrieved Howard Marks Warns Fed Action Risks Creating ‘A Fake, Potemkin Market’

Nomura’s Charlie McElligott: ‘Money Printer Go Brrrrrrrrrrrrr’

May 18, 2020May 18, 2020

Also, there’s vaccine euphoria in the air.

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5 Comments on Nomura’s Charlie McElligott: ‘Money Printer Go Brrrrrrrrrrrrr’

‘The Chinese Are Buying Everything In Sight’: Xi Conjures Astounding Oil Demand Recovery

May 18, 2020May 18, 2020

Chinese oil demand seen in ‘remarkable’ rebound to near pre-virus levels.

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oil2 Comments on ‘The Chinese Are Buying Everything In Sight’: Xi Conjures Astounding Oil Demand Recovery

Damn The Depression. Onward And Upward. With Apologies To The ‘Legendary People’

May 18, 2020May 18, 2020

It’s not “supposed” to be this way, after all.

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4 Comments on Damn The Depression. Onward And Upward. With Apologies To The ‘Legendary People’

Jay Powell Skeptical Of Full Recovery Without Vaccine. Says ‘No Limit’ To What Fed Can Do Under Lending Powers.

May 17, 2020May 18, 2020

“There is… no limit to what we can do with these lending programs”.

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6 Comments on Jay Powell Skeptical Of Full Recovery Without Vaccine. Says ‘No Limit’ To What Fed Can Do Under Lending Powers.

Imagine This: 25% Of America’s Restaurants May Disappear Forever

May 17, 2020May 17, 2020

For many of these establishments, it’s already too late.

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6 Comments on Imagine This: 256 Of America’s Restaurants May Disappear Forever

Goldman: Quarterly EPS Growth Will Be Negative At Least Through 2020

May 17, 2020

A maddeningly slow rebound.

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5 Comments on Goldman: Quarterly EPS Growth Will Be Negative At Least Through 2020

The ‘Winner-Take-All’ Market And Our ‘Scroll Hypnosis’ Economy

May 17, 2020May 17, 2020

“The stuff that can grow”.

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6 Comments on The ‘Winner-Take-All’ Market And Our ‘Scroll Hypnosis’ Economy

Pandemic Panic Produced Historic, Quarter-Trillion Decline In Foreign Treasury Pile

May 16, 2020May 16, 2020

March’s historic tumult produces another record.

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Will Trump Gamble 20% Of The US Stock Market To Pursue Big Tech Grudge? ‘Stay Tuned!’

May 16, 2020May 17, 2020

An “illegal situation”.

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8 Comments on Will Trump Gamble 208 Of The US Stock Market To Pursue Big Tech Grudge? ‘Stay Tuned!’

Administered Markets: The Ultimate Manifestation Of ‘Don’t Fight The Fed’

May 16, 2020May 16, 2020

We’re not all the way down the road to 100% administered markets, but the crisis has accelerated our journey.

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6 Comments on Administered Markets: The Ultimate Manifestation Of ‘Don’t Fight The Fed’

Sobering.

May 15, 2020May 16, 2020

“Investors have a lot to think about.”

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oil5 Comments on Sobering.

Maybe We Need To Worry About COVID Inflation After All…

May 15, 2020May 15, 2020

Sticker shock at the grocery store? Or too many “meat shortage” headlines?

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5 Comments on Maybe We Need To Worry About COVID Inflation After All…

One Year After Centennial Celebration, America’s Oldest Factory Index Falls Most In 101 Years

May 15, 2020May 15, 2020

This kind of outright cessation of economic activity cannot possibly heal without scars. 

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5 Comments on One Year After Centennial Celebration, America’s Oldest Factory Index Falls Most In 101 Years

US Retail Sales Are Total Disaster. Clothing Stores See 90% Plunge From Last Year.

May 15, 2020May 15, 2020

April’s numbers were worse than already dour estimates. The comps with last year are astounding.

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2 Comments on US Retail Sales Are Total Disaster. Clothing Stores See 902 Plunge From Last Year.

If You Squint, There’s Some Hope In The Empire Survey. But Mind The Capex Plans.

May 15, 2020May 15, 2020

“Good” is an extremely relative term.

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1 Comment on If You Squint, There’s Some Hope In The Empire Survey. But Mind The Capex Plans.

‘Dangerous Sparring’: Trump Turns Screws On Huawei, Prompting Chinese Threats Against Apple, Boeing

May 15, 2020May 15, 2020

“If the US further blocks key technology supply to Huawei, China will activate the ‘unreliable entity list.”

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17 Comments on ‘Dangerous Sparring’: Trump Turns Screws On Huawei, Prompting Chinese Threats Against Apple, Boeing

Germany Suffers Second Largest Contraction Since Unification. And There’s More To Come.

May 15, 2020May 15, 2020

“The recovery began with the cautious lifting of the lockdown at the beginning of May, but…”

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China Logs First Rise In Industrial Output Since Virus, But Retail Sales Recovery Is More Subdued

May 14, 2020May 14, 2020

Read the tea leaves, draw your own conclusions.

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Behold! The Fed’s First $305 Million In ETF Purchases

May 14, 2020May 14, 2020

Call it a “nibble”.

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5 Comments on Behold! The Fed’s First $305 Million In ETF Purchases

Zoltan Pozsar On Money Market ‘Singularity’ And War Finance

May 14, 2020May 15, 2020

“If the Fed is backstopping the credit market, why wouldn’t it backstop its natural habitat?”

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5 Comments on Zoltan Pozsar On Money Market ‘Singularity’ And War Finance

Unshackled (Redux): Nomura’s McElligott Sees Potential For Wider Price Moves Next Week

May 14, 2020

Prepare for a possible ‘unclenching’.

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7 Comments on Unshackled (Redux): Nomura’s McElligott Sees Potential For Wider Price Moves Next Week

Jonathan Ferro Has A Message For Washington: ‘You’re Doing It Quite Wrong’

May 14, 2020May 14, 2020

“If you’re looking for five tech stocks to break down before you do more in Washington…”

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6 Comments on Jonathan Ferro Has A Message For Washington: ‘You’re Doing It Quite Wrong’

We’ve Reached The ‘P/E Ratios Are Irrelevant’ Stage

May 14, 2020May 14, 2020

“…three-quarters of the way to the Tech Bubble high.”

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2 Comments on We’ve Reached The ‘P/E Ratios Are Irrelevant’ Stage

36.5 Million And Counting

May 14, 2020May 14, 2020

Fingers crossed that those describing their predicament as “temporary” are correct. 

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2 Comments on 36.5 Million And Counting

Trump Ramps Up China Threats. Says US ‘Looking Strongly’ At Chinese Stocks Listed On NYSE, Nasdaq

May 14, 2020May 14, 2020

The US president also claimed he “has a lot of information” on China and the origins of COVID-19.

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6 Comments on Trump Ramps Up China Threats. Says US ‘Looking Strongly’ At Chinese Stocks Listed On NYSE, Nasdaq

‘Barely Legal’

May 13, 2020May 13, 2020

Dollars, dictators, Debbie downers and determined Democrats.

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9 Comments on ‘Barely Legal’

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