US consumers “remained resilient” during the third quarter, Brian Moynihan said Monday, in remarks accompanying
Category: Markets
Gilt Trip Looms For Panicked Markets
Update: Trussonomics is dead. Jeremy Hunt on Monday effectively scrapped every key element of Liz
Fixer-Uppers
US investors will get a reprieve from top-tier data in the new week, but likely
Preaching To A Choir Of Bears
It almost feels gratuitous to keep making the case against US equities. It’s preaching to
‘Yet Another Frame Of Reference’ Collapses Amid Fed Blitz
The rapidity (perhaps “ferocity” is more apt at this juncture) of Fed hikes has markets
‘Foolproof’ 60/40 Has Worst Year In History. ‘Big Low’ Elusive
Hope springs eternal, which is why, when US equities staged their fifth biggest intraday reversal
Dimon, Summers Warn Of More ‘Surprises,’ ‘Mines’ After Wild Week
A wild week for markets closed on a decidedly dour note, as US equities fell
Investment Banking Not Dead, Just Resting
On Friday, on the firm’s Q3 conference call, Morgan Stanley’s James Gorman described himself as
McElligott Explains ‘Stock Reversal For The Ages’
Thursday’s reversal in US equities was one “for the ages,” as one mainstream media outlet
Dimon Steers JPMorgan To Solid Quarter Despite Macro Storm
“There are significant headwinds immediately in front of us,” Jamie Dimon said Friday, in remarks
Bank Of England, Markets 1. Truss 0.
Bank of England governor Andrew Bailey deserves plaudits. I guess. Earlier this week, while speaking
‘Ample Tradable Opportunities’
Plainly, something was “amiss” in equities on Thursday, although I’m not sure “amiss” is the
Fiscal Fold? Truss May Blink On Taxes After Market Crash
Earlier this week, I wondered if the Bank of England might be attempting to enlist
‘More Work To Do’
Market participants weren’t amused with the hottest read on US core inflation in 40 years,
If It Could Go Wrong, It Has
News flow has turned almost uniformly foreboding, which I suppose could be a precursor to
‘Test And Fail’: The Worst-Case Scenario
Earlier this month, BofA’s global equity derivatives team warned of a “test and fail” of
US Inflation Unbowed As Producer Prices Accelerate
Anyone hoping for signs of cooler inflation in the US (so, everyone), was disappointed Wednesday,
Is The Bank Of England Playing 3D Chess With Liz Truss?
More than a few observers suggested Andrew Bailey was either oblivious or crazy on Tuesday
Markets Are Sick. QT Is Dead
“Signs of sickness are growing in markets,” Nomura’s Charlie McElligott said Tuesday. It was a
SEC Comes Knocking At Bored Ape Yacht Club: Bloomberg
Regular readers will fondly (or not) recall my three-month foray into Web3 and decentralized finance.
Breaking: Fed Goes Broke
The people who control the money are broke! Fair warning: This is a heavy sarcasm
IMF Serves Up Lavish Banquet Of Doom
It’s not lookin’ good. That’s the short version of the IMF’s new World Economic Outlook.
UK ‘Mixes Uppers With Downers’ In Wild Policy Debacle
A glaring policy disparity is emerging in the UK, and I don’t just mean between
Linker Madness Forces Bank Of England Further Down Rabbit Hole
LDI funds in the UK “have made substantial progress” over the past week in addressing
Dimon, Jones, Socrates And Wood
Sometimes (ok, pretty much all of the time) I wonder whether we, as market participants,
‘Unanimous? Really?’: Cathie Wood’s Open Letter To Jay Powell
Regular readers have heard the story more times than most probably care to recall. I
Chips Ahoy!
Wars, wars everywhere. Lost in the macabre daily news flow out of Ukraine Monday was
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