The Nasdaq 100 just had a very, very bad day. July 24 counted as the
Category: Markets
Why Bill Dudley’s ‘Cut Rates Now’ Call Is A Non-Starter
You can’t say Bill Dudley wasn’t direct. “I changed my mind,” Dudley said Wednesday. “The
Alphabet, Tesla Kick Off Magnificent 7 Earnings
Two of America’s vaunted “tech” septet reported quarterly results after the bell on Tuesday. Three
Remember: Markets Prefer Gridlock
Remember: Gridlock’s good. Or at least for markets. Over the last several weeks, which is
Small-Cap Black Swan Not Likely Sustainable, Wilson Says
Morgan Stanley’s Mike Wilson doesn’t sound especially enthusiastic about the historic rotation to small-caps. A
US GDP, Inflation Update Eyed Through Political Storm
The data docket’s crowded in the US this week, when traders and investors will contend
‘Epic’ Market Reversal Can Persist, Goldman Says
It was easy to miss, buried as it was under an avalanche of domestic political
Can The Tech Selloff Continue?
I spent a fair amount of time in recent days editorializing around the burgeoning tech
US Stocks Just Saw Their Fourth-Largest Inflow Ever
If you’re keeping track at home — and who isn’t, right? — US equities just
‘Bad Stuff Happens’: Albert Edwards Dreams Of A Tech Crash
Is the Nasdaq about to “crash”? No. I suppose the answer depends on your definition
‘Wide Open’
The July ECB meeting was a non-event. I know everyone was on tenterhooks. That latter
When The Chips Are Down
The chips were down on Wednesday. Literally. Semiconductors were summarily shellacked following a Bloomberg report
‘Geopolitical Conflict’ Is Top Worry For Fund Managers
For the first time in six months, higher inflation and the monetary policy implications of
In US Equities: Regime Change Or Positioning Squeeze?
The rotation hype escalated on Tuesday, when US small-caps yet again stole the show. I’ve
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
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