The House of Dimon marked the unofficial start of earnings season in the US on
Category: Markets
Should You Fear Narrow Markets And ‘Euphoric’ Valuations?
Regular readers know I have a love-hate relationship with narrow market laments. The same’s true
Meanwhile, In Japan…
Japan’s often described as a kind of paragon when it comes to the contention that
‘The Currency And Bond Market Can Collapse’: Powell Exit Fears Spread
Late last week, I said big banks need to begin pondering the consequences and fallout
Gold And The Sinking Dollar Ship
Gold. It’s — umm — shiny. I’ll say that for it. Whenever I run out
One Bank Goes There: ‘What If Powell Leaves?’
After this week, Wall Street’s obliged to seriously consider the possibility that Jerome Powell might
The Problem With A Buyback-Dependent Equity Market
Dividend yields for US stocks are nearing levels last seen a quarter century ago around
Hedge When You Can, Not When You Have To
You hedge downside when you can, not when you have to. That was the friendly
Central Banks Were Polled On Trump Risks. The Results Were Terrifying
“We should get somebody in there that’s going to lower interest rates,” Donald Trump said
BofA Lifts S&P Target. Apologizes For ‘Underestimating Corporate America’
Early Tuesday, while editorializing around Goldman’s new year-end S&P target, I wrote that other house
Goldman’s Kostin Knows How To Play The Game
If you’re a sell-sider with responsibility for the official house S&P call, there’s really only
Fiat Money And The Bonds
How bad of an investment are bonds? I’m not making an especially profound observation when
One Way Or Another, Corporate America Always Wins
If it seems to you like corporate America — and here I mean big corporate
The Dollar’s Relationship To US Stocks Is Changing
If you’re immersed in the market zeitgeist, you’ve probably heard all you care to by
So… What’s The Bear Case Now?
Wall Street headed into Friday’s US holiday on track for another solid weekly gain. And
Dollar Debate Rages As Trump Upends The World
I suppose this goes without saying, but there’s still a lot of angst out there
Blame Game
Jerome Powell on Tuesday blamed Donald Trump for the Fed’s reluctance to cut rates in
By Now, Trump’s Probably Right About Rates
In my macro preview for this week, I suggested Jerome Powell might be facing a
Scott’s Dilemma
“Well, wha– why would we do that?” Scott Bessent wondered on Monday, when Donald Trump’s
US Equity Flows: Robust Or Sputtering?
Six months in, 2025’s been — how should I put this? — interesting, to employ
Behold: The Fastest Bear Market Recovery Ever
Fast and furious. That’s Donald Trump in his second term. Whether you attribute the breakneck
Bubble Watch
We’re on the cusp of a new bubble. Maybe. With US equities back at records,
Trump’s ‘Revenge Tax’ Is Dead
One of Donald Trump’s worst-ever ideas (and that’s really saying something) is dead. On Thursday
The World’s Always Ending. Stocks Rarely Care.
Market participants on Wednesday expressed varying degrees of incredulity at the resilience on display in
Volatility-Targeting Models Poised For Biggest-Ever Stock-Buying Spree
Earlier this week, in “Behind The Scenes Of Wall Street’s V-Shaped Recovery,” I spent some
Behind The Scenes Of Wall Street’s V-Shaped Recovery
Higher now, lower later. That’s been the equities refrain from Nomura’s Charlie McElligott for the
Powell Endures Congressional ‘Work Over’
At 1:32 AM on Tuesday, while — I don’t know — finding his way to
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