A recession may be “difficult to avoid.” That’s according to JPMorgan strategists led by Marko
Category: Markets
No ‘Big Low’ For Stocks Without Rate Cut Hope: Survey
We’re not there yet. It’s a familiar refrain when it comes to the “Big Low”
The Dollar Story
It was happening again on Tuesday. “It” means an unwelcome easing of financial conditions courtesy
A ‘Mystery’ Solved And The Fear Of Materially Underperforming
Whenever I say something like this, I usually end up regretting it because making definitive
‘Peak Inflation’ Narrative Gets Another Big Boost
Let the celebration continue. Days after a cooler-than-expected US CPI report triggered a spectacular rally
FTX Had A Million And One Suckers
On Tuesday, we learned that Sam Bankman-Fried’s smoldering empire may have ten times the number
The Black Box Exploded
Last week, I kicked off the first of five (and counting) articles about FTX and
How Much For The Mogwai?
“Beaten-down technology shares have enticing valuations,” read the deck on a Bloomberg piece published Monday.
Serum! Also, The US Economy
There’s no shortage of US data for investors to ponder in the new week, but
FTX, Twitter Drama Overshadowed ‘Generational’ 36 Hours For Stocks, Dollar
I don’t think I can remember a time when such a stupendous (and stupefying) rally
Was Bloomberg The CNBC Of Crypto?
[Editor’s note: The original version of this article referred to “DeFi yield farming,” as opposed
Lions, Tigers, Bears. But No Recession, No Rate Cuts
In November, we’ve seen mass layoffs, declining profit expectations and credit events. Lions, tigers, bears,
Why Historic CPI Rally Was A Disaster For The Fed
Headed into the November FOMC meeting, many worried Jerome Powell would come across as unduly
Does Bankman-Fried Deserve A Bail Out?
Predictably, my coverage of Sam Bankman-Fried’s self-described “f–k up” elicited several irritated e-mails from incorrigible
Tunnels, Lights And Trains
There’s a light at the end of the tunnel. (Insert oncoming train joke.) One argument
Perfect Bullish Storm
“One month of data does not a victory make,” Mary Daly said Thursday, speaking during
On Wall Street, A Day To Remember
Thursday will go down as one of the more memorable sessions in a year full
McElligott, Nomura Hit Home Run With CPI Call
[Editor’s note: By the close Thursday, the Nasdaq 100’s gain was 7.5%] The dramatic, knee-jerk
‘I F—ed Up’
“I f—ed up.” So said Sam Bankman-Fried, on a call with FTX investors, many of
Tremendous Ambiguity
A palpable sense of “What now?” pervaded US markets Wednesday, when the combination of inconclusive
Dear Crypto: You Have No Lender Of Last Resort
I said I wasn’t going to write about FTX and Sam Bankman-Fried, and God knows
Familiar Dynamics
I’ve said it before, and I’ll say it again: I don’t envy anyone tasked with
Praying For A Compromise
2022 was unambiguously bad for bonds. You might say laughably bad, assuming you can find
Markets And Midterms: Is Past Precedent?
There’s an argument to be made that the midterm elections in the US don’t matter
Markets, Strategy And Gridlock: Key Midterm Considerations
This feels entirely trite, but I’m compelled to mention it anyway as the US midterms
Despot Times, Despot Measures
The balance of news flow out of China was anything but encouraging Monday, but don’t
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