The Chinese yuan — you know, the managed currency that’s going to supplant the currency
Category: Markets
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
BofA Results Clear Bar. Trading Strong Again
Big bank earnings continued to roll in on Tuesday, when Bank of America delivered a
JPMorgan Stays Bearish As Goldman Again Cuts US Recession Odds
Goldman on Monday cut the subjective odds they assign to a US recession. Again. The
The Dollar: It’s Complicated
There was a lot of talk last week about a purported regime shift for the
Morgan Stanley’s ‘Buy Any Dip in Bonds’ Call
Two weeks after taking Bill Dudley to task on his suggestion that the worst isn’t
Where To Now For King Dollar?
This week’s most important market story was doubtlessly the dollar, which fell the most in
With Stocks In ‘Optimism Phase,’ Goldman Is Overweight Just One Asset
Stocks are in an “optimism phase.” You can tell because they’re going up. But also
Popular Strategist Would Short ‘En Fuego’ Risk Assets Later This Summer
“Risk assets en fuego as Goldilocks schools us bears,” wrote BofA’s Michael Hartnett, in the
Things Are Going Fine At JPMorgan. If You Were Wondering.
The American consumer is still spending, “albeit a little more slowly,” Jamie Dimon said Friday,
Powell Gets Rally Fed May Live To Regret
In the wake of a very encouraging US CPI report, I suggested the Fed may
As Dollar Plunges, Fed May Fear November Redux
Needless to say, Wednesday’s US inflation figures pulled the rug out for the dollar. This
Make Or Break Something
Earlier this week, Wall Street’s most prominent bear suggested the recent spike in bond volatility
JPMorgan ‘Firmly Negative’ On Stocks Amid ‘Full-Swing FOMO’
“We retain a firmly negative stance in equities.” So said JPMorgan analysts led by Marko
A Very ‘Significant Development’
Last week, in “Too Hot,” I insisted on the idea that the trek higher for
Mike Wilson Asks: ‘Do Earnings Matter?’
Morgan Stanley’s Mike Wilson has a question. Maybe you can answer it. “Do earnings matter?”
As Bad As It Gets? What To Expect From Earnings Season
Reporting season is upon us in the US and according to consensus, Q2 was the
As ChatGPT Traffic Falls, A.I. ‘Baby Bubble’ Gets First Test
The “novelty wore off.” That’s how Similarweb described the first drop in global traffic to
Albert Edwards ‘Not Wavering Now’ On Recession Call
The problem with being “early” on recession calls (the same goes for forecasting equity selloffs)
Markets May Face Tougher Inflation Fight, New Rate Shock In Q3
One impetus for this year’s equity gains is obviously falling headline inflation, and not just
Irrational Rationality
It’s tempting to go ahead and call it: The second half of 2023 surely won’t
Bears Bearing Bear Cases
Playing catch-up to an equity market that’s running away from you can end poorly. With
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