US equities are expensive, and the “Magnificent 7” even more so. Those observations are hopelessly
Category: Markets
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
Markets Want Adrenaline Shot For China. Now
Dribs and drabs. The PBoC is easing in dribs and drabs. Once China cut rates
Who’s Buying The Next Round?
I’ve suggested again and again over the past week or two that the fate of
Why Markets Doubt The Fed’s Hawkish Posturing
The market doubts seriously the notion that the Fed will be willing and able to
Why The Bears Were Wrong
Why were the bears wrong on equities (and particularly on US equities) during the first
Laughing In The Face Of Danger
More than $22 billion flowed into global stock funds over the latest weekly reporting period,
ECB Not Considering Pause, Lagarde Says, After June Hike
Inflation has been “coming down” in Europe. That’s the good news. The bad news: It’s
Dotting The I
“We didn’t make a decision about July. Of course it came up from time to
Aggressively Hawkish Dots Should Overshadow Fed Pause
The Fed on Wednesday pressed the pause button on the most aggressive rate-hiking campaign in
Fed Confronts Cash-Fueled Stock Melt-Up
“Cash is seemingly burning a hole in the pocket of investors again,” Nomura’s Charlie McElligott
What $700 Billion Sees For Rates, Inflation And The Economy
Fund managers expect a soft landing. They also expect a recession. If that seems contradictory
Kolanovic Stays Bearish. Recession Likely Needed To Tame Inflation
It’ll probably take a recession to restore price stability. That’s according to JPMorgan analysts led
Melt-Ups, Crash-Ups And Vol Bleeders
The rebuilding of positioning across broad equities amid the S&P’s trek into bull market territory
‘The Bear Market Is Still Alive,’ Wilson Says
Not everyone is on board with the idea that the bear market in US equities
What To Expect From The June FOMC Meeting
Barring a large upside surprise in CPI figures due Tuesday, the Fed will likely pause
Was The Bull Market Over Before It Started?
One, but certainly not the only, criticism of the newly-minted “bull market” in US equities
Goldman Raises S&P Target As US Stocks Cling To Bull Market
Goldman’s David Kostin has seen enough. With the S&P in an ostensible bull market amid
‘Officially Over’: Subramanian Calls Time On Bear Market
“The bear market is officially over.” So said BofA’s Savita Subramanian on Friday, in a
Bubbly Bulls, Boring Bears And ‘Blah, Blah, Blah’
“Blah, blah, blah.” That’s how BofA’s Michael Hartnett described the bear case for equities with
Erdogan Settles On Ex-First Republic Exec For Central Bank Job
Recep Tayyip Erdogan has a new central bank chief. If nothing else, Hafize Gaye Erkan
Don’t Forget This Week
If you take anything away from this week’s market developments, let it be this: Central
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