Break out the Cherry Coke and peanut brittle, it’s Berkshire weekend! They always sneak up
Category: Markets
Micro, Not Macro, Explains 2023’s Stock Returns
Given the daily deluge of headlines documenting every twist and turn along what, rising soft
Is Voracious Risk Appetite A Contrarian Indicator?
Needless to say, and notwithstanding a little “friction” around Fitch’s decision to downgrade America, risk
Commodity Comeback?
Is it time to bet on commodities again? Already riding a huge run-up from the
Amazon Rakes In Revenue, Apple Enriches More Lives
Amazon had a lot of revenue in Q2. And they’re on track to have a
Supply, Ackman, Fitch Or All Three?
The bond selloff extended meaningfully on Thursday, as supply concerns, the Fitch downgrade and, at
BoE Hikes 14th Time. Says Inflation Will Be 2% In 2025
The Bank of England opted for a 25bps hike at the August policy meeting. Context
So You Don’t Want US Debt. What Are Your Options?
Exactly nobody who cared to weigh in on Wednesday believed Fitch’s decision to pull the
Record-High Stocks Seen ‘Inevitable’ Amid Summer Drift
Equities are going nowhere and somewhere all at the same time. Summer can be drudgery
Playing The Game
The so-called “strategist short squeeze” is proceeding apace. “Capitulation by stock market bears on a
Equity Multiples ‘Too High’ With Rate Cuts ‘Elusive’: Kolanovic
Stocks trading at 20x are too rich considering the long odds of central bank rate
Mike Wilson And The 2019 Parallel
Last week, I noted that at least a couple of sell-side strategists are keen to
Stocks Poised For New Records, Technicals Suggest
Admittedly, I’m not a guy who’s ever been enamored with technical analysis. It’s my long-standing
Good Game!
In the latest weekly+ I touched briefly on earnings season in the US, where results
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
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