In the latest weekly+ I touched briefly on earnings season in the US, where results
Category: Markets
Bear Risks To The ‘Nominal Bull’
Those of you old enough (or, as a reader once joked, while putting her own
BoJ Goes For Nuance With ‘Flexible’ YCC
The BoJ, under new governor Kazuo Ueda, went for nuance on Friday, but I’m afraid
One Bank Flags ‘The Cheapest S&P Puts You’ve Ever Seen’
How complacent are US equities? The most complacent ever, or at least according to one
Bond Selloff, Dollar Spike Spoil The Goldilocks Party
Bonds spoiled what should’ve been a rousing rally on Wall Street Thursday. Markets were handed
In Shift, ECB Drops Precommitment To Additional Rate Hikes
The ECB raised rates as expected on Thursday. July marks the one-year anniversary of Christine
Markets, Wall Street: Fed Is Probably Done
It’s up to the data to “speak” now, and speak it would on Thursday and
Meta Beats, Guides Ahead Of The Street, Raises Expense Outlook
The company formerly known as Facebook delivered quarterly results that beat estimates on Wednesday. Meta
Fed Hikes Rates To 22-Year High
As expected, the Fed raised rates to a 22-year high on Wednesday. Barring a material
McElligott Sees ‘Spooky,’ ‘Dangerous’ Contrast
One thing sticks out as “spooky and dangerous” when set against months of simultaneous re-risking
Fed’s ‘Murder’ Motive Less Clear, ‘Uncomfortably Long’ Goldman Says
The risk was, and in the minds of many still is, that the Fed will
Make Vol Great Again
I’d say markets were “nervously” eying the Fed on Wednesday, but I’m not sure that’d
Microsoft, Alphabet Still Going Concerns
Microsoft and Alphabet officially kicked off mega-cap earnings in the US on Tuesday afternoon. To
How America’s Biggest Companies Benefit From Higher Rates
Last week, SocGen’s Albert Edwards marveled at the ostensibly bizarre juxtaposition between falling debt costs
Mike Wilson Sticks With It
Morgan Stanley’s Mike Wilson isn’t giving up on it, where “it” is a less-than-rosy take
Last Hike? What To Expect From The July FOMC Meeting
The Fed will raise rates this week in what may or may not be remembered
How Detached Are US Stock Valuations From Gravity?
One, among many, criticisms bears level against 2023’s equity rally centers on the notion that
One Bank Sees 2019 Parallel Amid Sentiment, Positioning Overshoot
If you’re wondering whether discretionary cohorts have continued to re-allocate and otherwise take up exposure
Wall Street’s ‘Strategist Short Squeeze’ Goes Mainstream
I have to hold my tongue sometimes. I’m immeasurably better at doing that now than
McElligott Sees ‘Absolutely Remarkable US Growth Renaissance’
Earlier this week, I noted that major Wall Street banks are beginning to speak as
Midsummer Musings
As is often the case during the summer months, the price action is dictating the
Is China Panicking Over Weak Yuan?
The Chinese yuan — you know, the managed currency that’s going to supplant the currency
Explaining The ‘Strangest’ Thing Albert Edwards Has Ever Seen
SocGen’s Albert Edwards saw something this week he couldn’t believe. “Normally when interest rates rise,
Tesla, Netflix Mark Unofficial Start To Big US ‘Tech’ Earnings
Wednesday marked the unofficial start of big “tech” earnings in the US, as Tesla and
Goldman Had An Interesting Quarter
Headed into Q2 results Wednesday, it was just a matter of how bad Goldman’s report
McElligott Flags Potential For ‘Very Large’ Vol Control Selling
A consistent, reliable buyer of equities could morph into a seller going forward. And it
Upbeat Outlook Helps Offset Morgan Stanley’s ‘Meh’ Quarter
Morgan Stanley delivered Q2 results that underwhelmed on Tuesday. The second quarter began with “subdued
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