“The time has come for policy to adjust,” Jerome Powell said Friday, during a hotly-anticipated
Category: Markets
Rate Cut Parties, CRE Slow-Burns And Recession Canaries
The Fed’s “loath to impose” reality on liquidity takers. So said BofA’s Jared Woodard, channeling
A Big Source Of Systematic Stock-Buying Is Back. Will It Matter?
This’ll seem a bit repetitious to some readers, but it’s worth another mention: Vol control
Is ‘The Whole Economic Edifice’ About To ‘Fall Apart’?
There’s something a bit strange about suggesting market participants are nervous. After all, we’ve just
‘Several’ Fed Officials Would’ve Supported A Rate Cut Last Month: FOMC Minutes
“Many participants noted that reported payroll gains might be overstated,” an account of the July
The Mechanics Of A History-Making Market Turnaround
By now, regular readers are well apprised of the extent to which the August “whiplash”
Sequencing S&P 6,000
There’s a tactical opportunity to buy the dip between now and the September FOMC meeting.
Goldman’s Rubner Sees Dip-Buying Window In ‘RINO’ US Equities
“This is a no rules market,” Goldman’s Scott Rubner said Monday, writing from West Palm
Aftershocks: Crowded US Tech Stocks, Yen Still Pose Risk To Markets
Is it over? The (growth) scare and the (vol) shock, I mean. In some respects
JPMorgan Identifies ‘Point Of No Return’ For Stocks After Selloff ‘Dress Rehearsal’
When should you throw in the towel on the equity rally? Not on August 5,
There’s One Helluva Disconnect Buried In Wall Street’s 2025 Profit Forecasts
A few days ago, I revisited “the enduring paradox” of an equities bull case built
Behind The Scenes Of August’s ‘Wall Street Whiplash’
Everybody’s astounded by the rapidity of the market recovery from the August 2-August 5 growth
Why ‘Many Fed Cuts Are A-Comin” Recession Or Not
“Green shoots!” BofA’s Michael Hartnett sees them. Exclamation point and all. In the latest installment
Should’ve Bought The Damn Dip
Guess you should’ve bought the dip. Who knew, right? Even absent the myriad structural factors
Investors Implore Powell’s Fed: Go Big Or Else
Did they cancel the recession again? Or are market participants just confident in the Fed’s
What Caused The August Vol Shock
Whether or not fund managers registered a drop in soft landing odds in recent days,
‘Priced For Perfection’ Stocks Suddenly Awake To Rates Reality, Mike Wilson Cautions
Morgan Stanley’s Mike Wilson is… cautious. That’s one word to describe his disposition towards US
Bonds Are Your Hedge Again. But Caveat Emptor…
Bonds! They’re your hedge again. On August 3 — so, a day after the Sahm
Will Wall Street’s Vol Shock Spill Over Into Corporate Credit?
Credit’s fine. For now. The chaos in front-end US rates that accompanied a triggered Sahm
‘Corr 1’ Shock Won’t Soon Be Forgotten, One Bank Says
Was the extreme market turbulence witnessed over the past several sessions the product of a
Bull Still Standing
We know systematics — pejoratively “the machines,” accurately, and in order of speed, CTAs, target
Wall Street ‘Bossing’ Powell Into Big Cuts With Prime Rate At Nosebleed Levels
Long and variable lags. Monetary policy works on long and variable lags. Impolitely: You hike
Market Shock Fails To Trigger Stock Outflows. History Says They’re Coming
If you were wondering whether recent fireworks across markets triggered outflows from equities, the answer’s
Volatility Shocks Have Consequences
“Volatility’s your exposure toggle.” You’ve heard that tagline before. It’s one of several attributed to
Albert Edwards Got His Crash
As time marches on, there are few of us left who were in the industry
The $4 Trillion Unwind
How big’s the yen carry trade? In recent days, the existential character of that question
That Wasn’t A Selloff
Don’t call it a selloff. Seriously. Do yourself a favor. Earlier this week, a lot
You must be logged in to post a comment.