The Fed kept rates on hold Wednesday. Obviously. January’s gathering was a placeholder meeting as
Category: Markets
What’s Behind New York Community Bancorp’s Very Bad Day
The Fed could’ve done without a flare-up in the heretofore dormant regional banking crisis ahead
Treasury Refunding Event Risk Clears Without Drama
Janet Yellen surprised markets earlier this week when Treasury cut its borrowing estimate for the
Xi’s Stock Market Hits Five-Year Low As PMIs Trundle
It’s not working out for Xi Jinping. Not on the macro-market front, anyway. PMI data
Microsoft And Alphabet: Good Enough?
Microsoft and Alphabet delivered what looked to be decent results after the bell in the
McElligott Revisits The Thanksgiving Turkey Parable
“We all should understand that generic / naked vol-selling is the proverbial ‘picking up pennies
Treasury Refunding May Be Biggest Event Risk In Packed Week
There’s no shortage of key events for markets and traders this week, but the most
What To Expect From The January FOMC Meeting
Jerome Powell’s probably grateful that rate-cut pricing, both for the March FOMC meeting and for
EM Stocks See Biggest Inflow Ever Amid China Stimulus Bets
Investors were buying emerging market stocks over the last week. A record $12.1 billion flowed
‘Free Money Machine’ Borrowing Hit $168 Billion Before Fed Slammed Door
A month ago, I called readers’ attention to what I dubbed the “free money Fed
Tesla Flags Slower Growth, Omits Delivery Target
Tesla is “between two major growth waves,” the company said on Wednesday afternoon in the
China Frees Up $140 Billion With Rate Cut In Bid To Halt Stock Rout
China’s taken to pre-announcements lately. Last week, Premier Li Qiang revealed the headline annual growth
Netflix Delivers Huge Subscriber Beat After Unveiling Wrestling Deal
As a longtime Netflix customer, I can’t say I’m excited about the opportunity to stream
Kolanovic Flags Multiplying Risks For Markets ‘Priced To Perfection’
Rate cuts from the Fed could extend the cycle, further delaying the inevitable, but the
Chinese Sources Pitch Media On 2 Trillion-Yuan Stock Rescue
“There’s an old saying in Tennessee — I know it’s in Texas, probably in Tennessee
Wilson Goes For Quality As ‘Highest-Probability Winner’
In the latest Weekly, I asked if good news was good again. The context was
Interminable Selloff Drives Key Index Of Chinese Stocks Near 20-Year Low
I employ the phrase “interminable malaise” at fairly regular intervals, often in the context of
$26 Trillion Market At Crossroads With ‘Easy Money’ Made
The “easy money has already been made in bonds,” one mainstream financial media headline published
How Long Before The Fed Bill Comes Due For Corporates?
How long before the most aggressive rate-hiking campaign in a generation finally bites corporates? It’s
Summit Push
The S&P 500 hit a new record on Friday. Some readers (most, I hope) will
‘Where The Puck Is Going’
January’s price action is “sloppy,” but no one’s especially enthusiastic about fighting the Fed. That
Government Vol
Remember: The US government isn’t a corporation. Stan Druckenmiller may not understand (or appreciate) that,
The Macro-Market-Policy Conjuncture According To Charlie McElligott
Skew is dead, long live skew. For the better part of two months, Nomura’s Charlie
Hawkish Correction?
What a difference a few days makes. Late last week, overzealous markets were so convinced
Bonds Upset By Waller’s ‘Careful’ Cuts
There’s “no reason” the Fed should cut rates “as quickly or as rapidly as in
$600 Billion Writes Off Recession
And the biggest driver of equity prices in 2024 will be — drumroll — the
Wall Street Earnings Wrap Up With Goldman Reclaiming Equities Crown
“We have a much stronger platform for 2024,” David Solomon said Tuesday, in remarks accompanying
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