“A politically disruptive standoff is likely later this year,” Goldman’s David Kostin said, citing the
Category: Markets
All Aboard!
The Nasdaq 100 is on track for a double-digit monthly gain, Tesla rose more than
Does Hindenburg’s Anderson Know What He’s Getting Into?
On Thursday, I characterized mainstream financial media coverage of the Gautam Adani “fraud” allegations as
The ‘No Landing’ Risk
“Soft landing” or “hard landing”? The plane metaphors are a bit grating by now. As
Leverage Is Not A Four-Letter Word, Bassman Reminds You
A Commentary by Harley Bassman (Twitter: @ConvexityMaven) On March 16, 2021, I offered that “it
Newsworthy
It hasn’t been a “quiet” week, per se. But it’s been one of those weeks
Big Blue To Cut Jobs, Tesla To Cut Costs
Add IBM to the ranks of US tech behemoths cutting jobs. The company will give
Persistent Disconnects
One of the more remarkable anomalies in a year full of them was the persistent
Hold Your Hawkses
“If economic developments evolve broadly in line with the outlook, Governing Council expects to hold
A Slowdown Is A Slowdown
“Growth continued to moderate, particularly in December, and we exited the quarter with Azure constant
Cloudy Forecast Undercuts Microsoft’s ‘Better-Than-Feared’ Results
It’s a good thing Microsoft has a ~$13 billion inside line on the future of
JPMorgan Sees End To Mechanical Bull
Eventually, “risk markets will have to reconnect with the late-cycle backdrop.” That’s according to JPMorgan
Lucky Europe, Unlucky Britain
Against the odds, and with a little help from an unusually accommodating Old Man Winter,
The Cash Is Drying Up
There’s good news from “always and everywhere” land, where tautologies masquerade as wisdom and complex
Flirting With Portfolio Heresy
In January’s monthly letter, I noted that rates strategists are on board with the notion
Mike Wilson’s Earnings Model Sends Dire S&P Warning
“In bear markets like last year’s, when just about everyone lost money, investors lose confidence,”
Growing Pains
Traders, investors and Fed officials in their pre-meeting quiet period will all get a look
Going Long A Dangerous World
If you can discern a theme du jour amid rampant macro ambiguity in the early
The Biggest Contrarian Trade Of 2023
It’d be highly unusual if US Treasurys suffered another year of negative returns. In fact,
Plane English
The plane metaphors are as tired as they are ubiquitous. When it comes to analogies,
‘Mission Unaccomplished’
Larry Summers thinks it’s a bad idea for central banks to adjust their inflation targets,
Kolanovic: Recession Isn’t In The Price
Pinpointing the terminal rate may be a fun parlor game, but where Fed funds ultimately
McElligott Spots ‘Ultra-Rare’ ‘Bad News Is Bad News’ Regime
Sometimes, bad macro news is just bad news. Common sense interpretations of incoming data went
Give It Up, Man
“I think yield-curve control is entirely sustainable,” Haruhiko Kuroda said Wednesday, after the Bank of
Markets In ‘Sweet Spot.’ Enjoy It While It Lasts
“Enjoy the sweet spot but also be wary of it,” Deutsche Bank’s Jim Reid said
Morgan Stanley Has Some Wealth To Manage
If you weren’t apprised, Morgan Stanley is a business that “facilitates capital for clients to
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