Last week, SocGen’s Albert Edwards marveled at the ostensibly bizarre juxtaposition between falling debt costs
Category: Markets
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
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
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