Morgan Stanley’s Mike Wilson has a question. Maybe you can answer it. “Do earnings matter?”
Category: Markets
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
The Bill Dudley, Morgan Stanley Treasury Row
Last year was bad for bonds. In fact, we can call 2022 anomalously poor. If
‘Investors’
“Investors,” we were told Monday, are curbing their outlook for equities following an “unexpectedly” buoyant
All Tech? Sure. All A.I.? Perhaps Not.
The concentrated market narrative continues to resonate. Although I’ve endeavored to emphasize that a narrow
2023 In 500 Words
Many investors (I dare say a preponderance or at least a plurality assuming the existence
Xi Shuffles PBoC Functionaries As Yuan Slides, Stocks Struggle
Yi Gang is a lame duck. China this weekend named SAFE frontman and “three red
Fear The Narrow Tech Bull?
We tend to get bent out of shape and otherwise pretend it’s an affront to
James Bond Geopolitics Fail To Stir Somnolent Summer Market
It feels like there’s a lot going on these days. In part, that’s because there
Retail Investor Euphoria May Be Fading
Some of the retail euphoria which helped push US equities into bull market territory may
The Paradoxical Legacy Of 2023’s US Banking Crisis
Was America’s regional banking crisis a tempest in a teapot? (And yes, the Jamie Dimon
Markets Increasingly Disconnected From Macro On Soft Landing Odds
Equities are increasingly priced for a soft landing. You can look at that one of
Mike Wilson Will Make Bears Of You Yet
There’s a “vigorous debate” going on right now around the outlook for equities, and particularly
Kolanovic, JPMorgan See Stormy Seas For Frothy Equity Market
Rally skeptics abound as the second half of what already counts as another extraordinary year
Fortune And Glory
US equities are expensive, and the “Magnificent 7” even more so. Those observations are hopelessly
Did Bulls Just Lose Their Best Friend?
Positioning isn’t necessarily your friend anymore if you’re a bull. Equities benefited immensely in May
‘PMs Should Consider Hedging,’ Goldman Says, Amid Signs Of Exuberance
Two weeks ago, Goldman’s David Kostin raised his price target for the S&P to 4,500
Menaced By Intractable Inflation, Bank Of England Escalates
On the heels of another disastrous inflation report, the Bank of England reescalated its hiking
2000 Here We Come?
“This is a very low probability event.” So said SocGen’s Manish Kabra of a prospective
Bearish. Ceteris Paribus, Of Course
Even if Treasury’s cash rebuild ends up funded primarily through RRP transformation, the liquidity backdrop
‘Outright Bullish’ Investors May Get ‘Rude Awakening,’ Bear Warns
“Investor sentiment and positioning has turned 180 degrees,” Morgan Stanley’s Mike Wilson said Tuesday, as
You must be logged in to post a comment.