A near constant theme in these pages — a perpetual topic du jour, if you’ll
Category: Markets
US Home Prices Are Destined To Fall
Mortgage rates in the US rose above 6% last week for the first time since
Goldman Raises US Recession Odds. Cuts Growth Outlook
The implied outlook for US economic growth is now “somewhat worse.” That’s according to Goldman,
Bulls Stare Into Dark Abyss As Event Risks Loom
It wasn’t a good week to be a bull. Images of FedEx’s largest one-day plunge
S&P Could Fall 40% In ‘Severe Hawkish’ Scenario
If we assume the likes of Bill Dudley, Larry Summers and Olivier Blanchard are correct
FedEx May Be Wile E. Coyote Moment For Economy, Markets
Wall Street will spend the final day of a somewhat tedious week fretting over FedEx,
Breaking Point
Markets moved closer to what felt like a breaking point Friday. FedEx’s bleak remarks on
Normal Is War
In just two years, everything changed. The pandemic, and then, a ground war in Europe,
Meanwhile, In Japan…
On Thursday, markets were “treated” to another “Econ 101” lesson. While previewing this week’s slate
Here’s ‘Who’ Sold During 2022’s Worst Stock Plunge
If you’re looking to assign blame for US stocks’ worst day of 2022, you can
UK Inflation Nightmare Rolls On, But Truss Blunts Worst-Case
Inflation moderated in the UK last month. Not that it matters. It’s small comfort to
Economists, Celebrities And Reals
Notwithstanding a tough session in Asia, there was no sign of an out and out
When 50-50 Is 100
One, among many, critical dynamics that most market participants either don’t understand or don’t fully
Nomura Calls For 100 Basis Point Fed Hike Next Week
During a year that’ll be remembered by markets and enshrined in textbooks for the most
Inflation Shock Hands US Stocks Worst Day Of 2022
Risk assets weren’t enamored with another disconcerting US inflation report. US equities crumbled after data
Oh, Look: Another Disastrous US Inflation Report
Market participants and policymakers hoping for additional evidence of cooling inflation in the US were
$600 Billion Is ‘Super-Bearish,’ Record Underweight Stocks
Sentiment among fund managers is “super-bearish,” according to the September vintage of BofA’s closely watched
For America’s Small Businesses, ‘Better’ Is a Relative Term
US small business optimism remained below the five-decade average for an eighth consecutive month in
The Most Important Thing Zoltan Pozsar Told Bloomberg
Over the past several days, I’ve fielded a number of reader emails about a discussion,
Wall Street’s Favorite Bear Plays The Hits. And One Miss
Stocks are innocent until proven guilty. Not in the court of Morgan Stanley’s Mike Wilson,
‘Extremely Mechanical’
If you’re wondering about the scope of mechanical flows which aided and abetted last week’s
On Eggshells
Risk sentiment was tentatively constructive to start the new week, and there was no mystery
Currencies In Crisis
Market participants should expect significant additional hand-wringing in the new week about the outlook for
Fed, Markets Fly Blind As Inflation Storm Seen Easing
It’s inflation week in the US. Actually, every week is inflation week in the US,
Breaking The Bank
In “One Trade To Rule Them All,” I characterized the yen’s worst year on record
A Real Issue
The summer rally in US equities was frustrating for some fundamental strategists. It didn’t align
One Trade To Rule Them All
If you ever make the (perilous) decision to spend every waking hour immersed in the
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