The rotation hype escalated on Tuesday, when US small-caps yet again stole the show. I’ve
Category: Markets
Melt-Ups, Crash-Downs And Close Calls
If you’re curious, the realization of a latent, mechanical equities bid from vol control cohorts
BofA’s Equities Business Stands Out Again. NII To Rise In H2
Net interest income at Bank of America slipped on a YoY basis for the second
Pointless Powell Cameo Produces Nothing Of Substance
A series of benign reads on price growth in the US added incrementally to the
Jury’s Still Out On David Solomon’s Goldman
Oddly enough, Goldman didn’t capitalize on the beginnings of an IB renaissance in Q2. Or
China’s ‘Shocking’ Domestic Slowdown Stuns Economists
When it comes to “strategic competition” between the world’s two largest economies, Xi Jinping’s doing
Is It Time For The Long Bond?
The stars may be aligning for the unloved long-end. That’s according to BofA’s Michael Hartnett
Dimon Rings Up Record Profit On One-Off, Equities, IB Recovery
The IB slump’s over. I guess. JPMorgan’s dealmakers dialed up $2.46 billion in revenue during
Here Come The Cuts
In a mid-week note, BMO’s Ian Lyngen and Vail Hartman said Thursday’s US CPI report
Memes, Bubbles, Busts And Bears
“Tesla is acting like a meme stock,” Bill Gross remarked this week. “Sagging fundamentals, straight
Supercharged!
Meanwhile, the stocks are unbothered. As discussed in the latest Weekly, equities haven’t batted an
See No Evil
Global equities hit new record highs on Friday. MSCI’s gauge notched a fifth consecutive weekly
Japanese Stocks Celebrate Another Milestone
Earlier this year, Japanese equities celebrated a milestone: A meteoric rally in local shares finally
Sintra Snoozer
Jerome Powell’s in Sintra this week hanging out with his global counterparts at the ECB’s
Micron And The Great Expectations Trade
Generally speaking, you should be able to venture a good guess as to whether high
Why The Market Can’t Move
“Eye-wateringly dire.” That’s how Nomura’s Charlie McElligott described the vol environment in US equities, where
Bubble Or Bust
Three months ago, SocGen’s Manish Kabra dethroned BofA’s Savita Subramanian to become Wall Street’s largest
Who’s Right?
On some days (a lot of days, including the first day of this week) Nvidia
How To Lose $400 Billion In Three Days
Nvidia melted into America’s ridiculous heat wave on Monday, when the shares suffered a third
‘Three Potential Candidates’ To Break The Bullish Tape
The stock market’s not the economy. And the economy’s not the stock market. Morgan Stanley’s
The Skinniest US Equity Market Since At Least 1965
If it feels to you like US equity market breadth’s a perennial concern, you’re not
A ‘Nightmare Scenario’
If you’re into nightmare scenarios, I’ve got one for you. I’ll keep it short, commensurate
#AIcapitulation (God Risk Revisited)
“All roads lead to Nvidia.” That’s the trade. Or at least that’s how the market’s
Capture The Mag
Under-capture. That’s the name of the game for (too) many investors in 2024. The ultra-concentrated
August BoE Cut Highly Likely After ‘Finely Balanced’ Hold
There were “a range of views” among the seven Bank of England officials who voted
Buy Gold To Hedge Republican Election Sweep, One Bank Says
Naturally, the GOP would have you believe that if Joe Biden’s reelected, or if Democrats
Jensen’s Juggernaut
Two sessions, two new all-time highs. In the first two frames of a split week,
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