More and more, fewer and fewer market observers are willing to countenance the idea that
Category: Markets
Billions Flee Stock Funds Amid ‘Appalling’ Risk Sentiment
Risk sentiment is “appalling,” BofA’s Michael Hartnett declared. Or despaired. Investors ditched stocks over the
Harley Bassman Isn’t Optimistic About A Soft Landing
Despite fundamental indicators strongly pointing to an economic slowdown, that’s in the foggy future, while
The Fed Should Stop All Public Speaking Engagements
I doubt seriously the wisdom and utility of Jerome Powell (or any Fed official for
ECB Rendered Irrelevant By War, Energy Crisis
The ECB delivered a 75bps rate hike on Thursday, but it could’ve just as easily
Blank. Check.
Calling tops and bottoms in equity markets is, by and large, a fool’s errand. The
You Break It, You Buy It
The Fed is in the inflation fight for “as long as it takes,” Lael Brainard
‘Watch It Go’: The Yen And A ‘Quartet Of Grey Swans’
Admittedly, I ran out of creative ways to tell the same story about the yen
‘Make No Mistake,’ It Can Get Worse For Stocks
It’s been an especially rough year for US equities. In fact, 2022 was worse than
Don’t Panic About The Yuan. Yet
To read the headlines, you’d think the Chinese yuan had depreciated through record levels. Or
‘The Thrill Is Gone’ For Equities. And Your QT Questions Answered
For the better part of a dozen years, stocks were beyond reproach. Thanks to subdued
Stocks Go From Sacred Cow To Sacrificial Lamb
If Neel Kashkari was “actually happy” to see US equities fall following Jerome Powell’s terse
The Charge Fed Critics Miss Is The Most Terrifying Of All
The Fed and its many critics have at least one thing in common: They both
Soaring Energy Prices Belie ‘Cheapest Ever’ Energy Stocks
Besides USD cash, commodities are the only asset class that’s worked in 2022. Everyone can
Jobs Report Checks ‘Goldilocks’ Boxes
The pace of hiring in the US decelerated, but remained robust in August, according to
Epochal Shifts, Generational Bears
“We expect new highs in yields and new lows in stocks.” That was the message
Things Just Got ‘Real’
An increasingly acute tightening impulse from a buoyant dollar and surging US real yields is
The ‘Controversial’ Stock Narrative That Isn’t Controversial
US equities are again vulnerable to “accelerant” flows which could exacerbate directional moves. It’s a
As Europe Faces Oblivion, Markets Debate Technocratic Tinkering
Inflation likely rose more than 9% across the euro-area in August, data out Wednesday showed.
This Is The ‘100-Trillion Dollar Question’
In the aftermath of Jerome Powell’s overtly hawkish address in Jackson Hole, markets are compelled
Delayed Reckoning
Earnings, and particularly forward estimates, were the proverbial next shoe to drop. And then, suddenly,
Mike Wilson Never Liked This Rally Anyway…
“The equity market became a victim of its own momentum over the past few months
Poring, Pouring And Poor-ing
Appropriately, the pre-Labor Day trade in the US will be all about the US labor
No Trade-Off?
“Are you willing, in Wall Street parlance, to ‘be Volcker’,” Bloomberg’s Michael McKee asked Raphael Bostic,
Can You Hear Me Now?
Well, he did it. Or at least he tried. And, most importantly, it was obvious
Panic, Stagflation And Cowardly Lions
Rates are too low and inflation isn’t likely to drop below 4% until at least
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