By the end of jobs week in the US, market participants were still asking the
Category: Markets
Windfalls And Pitfalls
There’s no respite for bears. Headed into the US jobs report, there were any number
Jay’s Quotable
Jerome Powell’s timeline for Fed confidence in the durability of the disinflation trajectory, and thereby
Bears Driven To Brink Of Extinction As Powell Promises Rate Cuts
“When we do get that confidence — and we’re not far from it — it’ll
CRE Slow Burn
America’s slow-burning commercial real estate crisis continues to produce a slow drip of headlines. Steve
No Surprises
Surprise: There were no surprises to speak of from Jerome Powell’s congressional testimony on Wednesday.
Rally Trivia And Pivot Remorse
Here’s a notable statistic: If US equities post gains during the final two months of
An Obligatory Nod To Bitcoin’s New Record High
Bitcoin hit a new record high on Tuesday. Maybe you noticed. I’m supposed to have
Records, Records Everywhere
Tales of rekindled animal spirits are everywhere. Comparisons to the dot-com boom and 2021’s “everything
2024 Isn’t 2021. It’s 2000. But Don’t Panic
“This time is different.” So said Goldman’s David Kostin in his latest. Don’t laugh. Or
Sentimental Steepener
Shorter-maturity Treasurys staged a pretty meaningful rally into the weekend following a lackluster read on
A Few Quick Thoughts On Crypto As ‘Winter’ Thaws
Fed cuts (or, more accurately, the expectation thereof later this year) are “sparking animal spirits.”
As 2024 Rally Rolls On, Traders Hear Echoes Of 2021
“Stay bullish.” That’s the message from a lot of people. From anyone you care to
Making Do With Euphoria
With two months in the books, 2024’s been generous to equity bulls. Both big-cap US
‘Egregiously Expensive’ Stocks Shouldn’t Keep You Up At Night, Subramanian Says
The S&P 500’s “egregiously expensive.” That’s the bad news. The good news is, you shouldn’t
Marko And The Mortals, Revisited
If you’ve been bearish (or “cautious” or “defensive”) in the face of a rally that’s
I Gotta Have More Magnificent 7
I might’ve mentioned this last week. I honestly can’t remember. And no, any recollection failure
One Bank Asks: Is The Tech Ecosystem Now Its Own Asset Class?
People are beginning to ask some — how should I put this? — interesting questions
Strategy For A Crucial, All-Important Week
New week, same debates. The sparse color on offer Monday trod familiar ground as traders
Magic Sauce
I probably shouldn’t have read Warren Buffett’s annual letter. It only reminded me of the
After Munger, Buffett Says Berkshire’s Size Rules Out Big Performance
I’m going to dial back (which is to say omit entirely) the sarcasm and snark
Dynamics Of A ‘Never-Ending Stock Melt-Up’
“A never-ending melt-up in index.” That’s what befuddled bears were pondering by the end of
What Xi Jinping Can Learn From The Fed
At some point this week, Nomura apparently cautioned those keen to pick the low in
Don’t Short A Bubble Exhibit 275 Billion
I don’t want to pile insult atop injury for the earnest skeptics and well-meaning bubble
‘Nailed It’: McElligott On Nvidia
“Nvidia nailed it.” So said Nomura’s Charlie McElligott on Thursday, as US equities looked for
In Japan: FOMO
“Healthy.” That was one adjective bandied about Thursday, when the meteoric rally in Japanese equities
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