There are three stories driving the market in 2023 and those stories are “distinctly different.”
Category: Markets
A ‘Challenging’ Path Forward
You wouldn’t know it to look at the outsized gains across benchmarks in 2023, but
Goldman Says Scope For Additional Stock Gains ‘Limited’ After Rally
Goldman is raising their near-term S&P target. Or perhaps it’s more apt to say they’re
Funds Trapped In ‘Doom Loop’ Amid ‘Spot Up, Vol Up’ Trade
Some unlucky folks on the buy-side might be trapped in a “doom loop” with little
‘Apocalypse Postponed’
If you’re looking for “signs of greed,” BofA’s Michael Hartnett sees one. He probably sees
AAA Letdown
Amazon averted a worst-case sales scenario during the final three months of 2022, results released
Groundhog Day
The first question Jerome Powell took during this week’s post-FOMC press conference related to the
Easy Money
Asked during Wednesday’s press conference whether easier financial conditions as a result of buoyant stock
A Little Bit Of Everything
The US consumer is feeling worse about the outlook, and the rate at which employers
Markets May Hit ‘Air Pocket’ Soon, Kolanovic Warns
Fade it. That’s the mantra among some of Wall Street’s most recognizable names when it
2023’s ‘Most Mispriced Tail Risk’
It’s unlikely that anything Jerome Powell has to say on Wednesday, following the conclusion of
Dollar Declines Like This One Are Exceedingly Rare
Look behind the rally since mid-October and you’ll find two things: Falling rates volatility and
Mike Wilson Doubles Down: Rally ‘Just Another Bear Market Trap’
“Reality” is coming for 2023’s early stock rally. That’s according to Morgan Stanley’s Mike Wilson,
The Art Of The Hawkish Step-Down
Jerome Powell’s birthday is coming up. Upon ascending the Fed chairmanship in 2018, Powell was
Default Plan
“A politically disruptive standoff is likely later this year,” Goldman’s David Kostin said, citing the
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
You must be logged in to post a comment.