What if mega-cap US tech stocks are actually cheap? The hell you say! No, seriously.
Category: Markets
Until Something Breaks
Last week, during an interview with The Times of India, Jamie Dimon characterized 7% Fed
Expensive Observations
This week’s earliest market commentary revolved around the profound observation that Kevin McCarthy’s surprising decision
Three Reasons Dollar Strength Can Continue
Dollar strength is the talk of the proverbial town. Perhaps you noticed. Thanks to a
Higher Interest Expense Finally Bites For Corporate America
By now, it’s a familiar refrain: Interest costs (or at least interest payments) for the
Wall Street Navigates Unfamiliar Waters In ‘Higher-For-Longer’ Regime Shift
Interest rates have “reset to a ‘higher-for-longer’ regime.” That’s according to Goldman’s Praveen Korapaty, who
Reading History
Rates (and bond yields and financing costs for homes) may seem high to you, but
September’s Twin Stock, Bond Selloff Is Bitter Pill For Fed-Weary Markets
All eyes were once again on the rates complex Thursday, as traders and investors of
Oil In Focus As ‘Dry’ Cushing Prompts Hand-Wringing
There was talk of a “toxic cocktail” on Thursday amid elevated bond yields and a
Marko Kolanovic Conjures 2008 Crash With Striking Reprint
The market is likely to be “more volatile” in the near-term, and the risk-reward in
How Sustainable Is The Stock Selloff? McElligott Answers
How sustainable is the nascent correction in US equities? At the fundamental level, a lot
The Stocks Are Broken
If you’re a Fed official and your “higher for longer” message is already resonating, it’s
Dimon, Debt And Impossible Math
Jamie Dimon was in the news on Tuesday for the not-exactly-groundbreaking observation that Fed funds
Bond Bears Revel In Worsening Long-End Selloff
This week’s earliest price action underscored the peril inherent in leaning long duration into a
‘Stocks Have Taken On A Different Personality,’ Mike Wilson Says
“Stocks have taken on a different personality” since the end of Q2 earnings season, Morgan
China Meltdown Worries Resurface With Evergrande Restructuring In Doubt
China’s property developers were back in the spotlight Monday, where that means they were shot
What If Bonds Don’t Rally In A Recession?
“Relentless” is probably too strong, so I’ll use “persistent” instead. Given the persistent rise in
Triple-Digit Oil Calls Suggest Floor Under Energy Stocks
Goldman’s clients are asking about oil prices, and particularly about the read-through of recent increases
Bill Ackman’s Bombastic Bond Short
This is the part where I’m supposed to tell you US bond yields are destined
Fade The Fed?
“We continue to see five- to 10-year real and nominal rates as attractive, but markets
The Primary Objective
Through trial and, hopefully, not too much error, the Fed will discover what degree of
Fed Leaves Door Open To Additional Hike. Signals Fewer 2024 Cuts
The Fed on Wednesday kept rates on hold but left the door open to one
A Word On Savita Subramanian’s New, Bullish S&P Target
Pretty much every week, someone writes in to ask about the alleged disparity between the
Fed Should Look In The Mirror For R-Star Clues
If the Fed’s searching for clues about what drives shifts in the market’s perception of
Mike Wilson Likes Energy Stocks
Is it late-cycle? Does a hard landing loom? Or is the US economy on the
Goldman Says Buy VIX Calls. ‘Major Market Corrections’ Occur In October
If you see a “major market correction” next month, it may not be a coincidence.
What To Expect From The September FOMC Meeting
Obviously, the Fed intends to keep rates on hold at this week’s policy gathering. Several
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