We’ve entered “a new phase of the rising rate saga.” That’s according to Goldman’s David
Category: Markets
‘Once Jobs Go, The Whole Cycle Goes’
“Sell the last hike.” That’s been the mantra for one of the sell-side’s most recognizable
‘The Greatest Credit Event Of All’
The greatest risk of all is a disorderly bear steepener. If you’re a longtime reader,
Amazon Sales Guidance, AWS Growth May Fail To Impress
Amazon managed to top sales estimates with Q3 results released after the bell in the
Meta Beats, Reality Labs Bleeds
Meta topped estimates in Q3 results released after the bell in the US on Wednesday.
Confused Rhino
Anyone in need of respite from the roller coaster that is the US bond market
Microsoft, Alphabet Wave Large Numbers Around
Microsoft topped sales and profit estimates with fiscal year Q1 results released after the bell
The Perils Of Price Discovery
How important was the term premium in explaining the escalatory selloff in longer-dated US Treasurys
Dour PMIs Point To Entrenched Stagflation In Europe
The eurozone economy is in a recession. Or something that looks a lot like a
Thanks For Playing! Bill Ackman’s Bond Short Was Short-Lived
Everybody look at Bill. Bill needs to be reminded how important he is. You can
Are Stock Bears ‘Vindicated’?
“Somewhat vindicated.” That’s how one mainstream financial media outlet described the persistently bearish view harbored
5%: US Treasurys Or GameStop?
10-year US yields, the benchmark of all benchmarks, breached 5% on Monday for the first
Don’t Forget The Mega-Caps
What’s next for US equities? At the risk of stating the obvious, a lot depends
An Unruly Kite
Where’s the peak for 10-year US yields? That’s not just a question, it’s the question.
For Whom The Bell Tolls
Things are about to get real for corporates with a steep maturity wall. Even for
The World’s Burning. And US Treasurys Can’t Save You
Shouldn’t US Treasurys rally in the face of the dangerous realities on display in the
Xi’s Reopening Bull Market Crashes And Burns In 12 Months
This feels a little gratuitous, but I don’t generally care. We’re talking about an autocrat
Famous BofA Indicator Flashes Rare, Contrarian ‘Buy’ Signal
It’s time to “nibble.” That’s according to BofA’s Michael Hartnett who, despite what sometimes feels
Fed Policy ‘Not Too Tight,’ Powell Says, After Otherwise Balanced Remarks
As expected, Jerome Powell tried to thread the needle on Thursday during closely-watched remarks prepared
The Never-Ending US Treasury Selloff
Bonds were in the headlines again on Thursday, when 30-year US yields pushed well above
Netflix Had A Lot Of Paying Add(ict)s
Much as it pains me to take up my time and yours with Netflix earnings
D-Sol Scratches Up Mixed Results As Goldman Tries To Placate Critics
Last quarter, the question at (or at least for) Goldman was: Is this as bad
Bank Of America Is Doing Fine
The US economy is “healthy but slowing,” Brian Moynihan said Tuesday, while unveiling a set
Read The Paper
A long time ago, in a galaxy far, far away, there were physical newspapers. I’m
Mike Wilson Says Bah Humbug To Santa Rally
Morgan Stanley’s Mike Wilson isn’t convinced US equities are poised for a “Santa rally.” Wilson
Sell Cash, Buy Bonds?
Who’s going to buy all the bonds?! Shrieked the audience. Although there’s still no firm
Tough Love
Price discovery is a helluva thing. It’s also a normal thing. Or at least it
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