“Risk assets en fuego as Goldilocks schools us bears,” wrote BofA’s Michael Hartnett, in the
Category: Markets
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
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
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