With allowances for the pressing nature of concerns about the next phase of the Iran
Category: Markets
What Bursts The Bubble: Democrats And Bonds
How does it all end?! Spoiler alert: You get diagnosed with a terminal disease. Or
Ok, Seriously: How Long Before Bonds Break Stocks?
Color me amazed (and grateful as a long-only investor) that US equities continue to hold
Force Majeure For The AI Era
I wouldn’t have been surprised to see “force majeure” in the news this week, assuming
Since 2004…
Forget “since 2007.” That’s so, um, so earlier this month. It’s all about “since 2004”
In Bond Land, A Meltdown
September 23, 2026, was a very, very rough day for Treasurys. So rough, in fact,
Yeah, But Can It Draw A LEGO?
On Tuesday, I asked ChatGPT to draw for me a new version of an old
There’s A Lot Riding On The Chips…
Here’s a notable statistic: A quarter of this year’s blockbuster earnings growth for semiconductors is
Erstwhile Bear Confident In Year-End Stock Rally
“Wiiiiiilssoooon!!!” I can’t do it. Not anymore. I can’t start a Mike Wilson article without
Wall Street’s Fata Morgana Risk
Over the weekend, while editorializing for the nth time in 10 years about equities’ pain
What Happens To Stocks If Treasury Yields Go To 6%?
How high can bond yields go before stocks “notice”? That question feels terribly clichéd if
‘The House’ Humiliated As Yen Plunges
The yen plunged on Friday despite the most hawkish Bank of Japan meeting in living
Holding Pattern
The sooner elevated energy costs recede, the better. If the war-driven increase in crude and
‘The Plain Fact’
“The plain fact is that inflation is too high and has been for too long,”
How Crack Spread Reflexivity Kills The Equity Bull Market
Crack. It kills. It’s also a high margin business. Not that I’d know. Currently, crack’s
‘Disorderly’ Bonds Are Biggest Tail Risk As Pros Doubt ‘The House’
“The House” won’t win. Not this time. According to nearly 200 fund managers who participated
G7 Bond Crisis Escalates
G7 sovereign bond yields rose again early Tuesday. “The beatings will continue until morale improves,”
Congrats On 5%, Scott!
Well, it finally happened: 10-year US yields traded with a five-handle on Monday, an “achievement”
BofA ‘Cautious’ On S&P, Sees Pullback Risk
Corporate earnings are robust, there’s no denying that, but strong fundamentals may not be enough
Reformed Bear Not Worried, Calls Inflation ‘Old News’
Don’t worry. Because Mike Wilson’s not. Not worried, I mean. Not about Fed hikes, nor
Warsh To Risk Trump’s Wrath With September Rate Hike
Following Kevin Warsh’s ostensibly hawkish address in Jackson Hole, I wrote that if the market-implied
Weekly: A Turning Point For Treasurys?
Last weekend, I asked if US Treasurys were becoming “uninvestable.” For my trouble, I was
America’s Stock-Rich Score $11 Trillion Windfall During War
American households lucky enough to own stocks and real estate enjoyed a record windfall in
Too Much Crazy: Rates In Open Revolt
Laugh. That’s all you can do. At Donald Trump. And at Scott Bessent. And at
Nip It In The Bud!
“For an extended period.” If you were curious as to how long Europeans will have
The House Always Wins?
Treasury tripled the maximum size of its September 10 bond buyback on Wednesday, following through
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