SoftBank and Prosus are selling more Alibaba and Tencent. That’s not the best news if
Category: Markets
Fed Staff Saw Recession From Bank Stress, Minutes Reveal
The word “recession” came up three times in the March FOMC minutes, all in the
Goldman Changes Fed Call Amid Tight Credit, Mixed Official Messaging
The US is “certainly” past peak inflation, Tom Barkin told CNBC on Wednesday, following a
Fed Has $1 Trillion In Paper Losses. Projects $90 Billion In 2023 Red Ink
You’ve surely seen the figure by now: US banks were sitting on $620.4 billion in
Hikes, Specs And Techs
Tech shares may be “over-discounting” prospective additional relief from bond yields, traders are increasingly convinced
Is The Banking Crisis Over? Ask Google
I’ve spent a lot of time over the last four weeks discussing the psychological side
SVB And The Anarchists’ Dream
Seemingly every day, somebody, somewhere, publishes a new postmortem on last month’s turmoil in the
Backup Plans And Alternate Realities
The outcome of the Fed’s next meeting will, for all intents and purposes and assuming
Bank Lending Plunge, Deposit Flight Raise ‘Sudden Stop’ Concerns
As you might’ve heard, commercial bank deposits in the US fell a tenth week late
Hike In May And Go Away?
For what it’s worth, which wasn’t much on a holiday Friday, the market reaction to
Merciless Money Market Magnet Attracts Another $49 Billion
Almost $50 billion poured into money market funds in the week to April 5, data
The Profit Recession Is Finally Here (But Don’t Tell Anyone)
You wouldn’t necessarily know it from “Greedflation” banter and the perception that corporations are engaged
Behind The Scenes Of Last Month’s Snapback Stock Rally
Market narration over the past month (and, really, over the past year) has revolved primarily
A ‘Shocked’ Albert Edwards Asks: ‘Is Capitalism Dead?’
SocGen’s Albert Edwards has seen a lot over four decades in finance. As such, he
Jamie Dimon Delivers Annual World Review
Jamie Dimon and the modest bank he runs have a new corporate purpose. JPMorgan will
Kolanovic: Stock Rally ‘Makes Little Sense For Rational Investors’
JPMorgan’s Marko Kolanovic worries investors are exhibiting signs of irrationality. “For a rational investor, we
Cartel Business
OPEC+ managed to engineer a modest spike in crude prices after blindsiding markets with a
OPEC+ Shocks With Surprise Output Cut At Delicate Juncture
I’m always amused by references to “assurances” from OPEC or, more recently, OPEC+. OPEC is,
Deposit Flight And More Fed Hubris
If only it weren’t stale. Admittedly, I had a hard time getting excited about the
Goldman Sees No 2023 Upside For Stocks Despite Likely Fed Pause
Fed officials would prefer it if you’d countenance another 25bps rate hike — one for
The Entertainment Business
Regular readers know I’m usually the very last person to employ Warren Buffett quotes (indeed,
$14 Hershey Bars
If you, like me, have noticed that the price of certain impulse buys in the
Money Market Magnet Attracts $5.2 Trillion
Money market fund assets ballooned to a new record over the last week, closely-watched data
A New Tech Bull Market?
The Nasdaq 100 is in an ostensible bull market. Maybe you heard. I say “ostensible”
The Long, Docile Bear
Is the bear market over? If that’s your question, you need to specify. Which bear
Recession ‘Here In A Few Months’
Jeff Gundlach says a recession may be right around the corner. That isn’t news. If
Bonds Doubt Their God. ‘Stocks Are Next,’ Wilson Warns
It’s no secret that Morgan Stanley’s Mike Wilson suspects consensus is too optimistic on the
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