It’s all about Jackson Hole in the new week, which, as usual, will feel a
Category: Markets
‘Leap Of Faith’: Summer Rally Has S&P At Goldman’s Year-End Target
US equities reached Goldman’s year-end target four months early. As you can imagine, the bank’s
Goldilocks And Other Summer Stories
There’s talk of an autumn “reaping” following a summer stock rally which, depending on who
Ok, What Now? Wall Street Looks Around And Ahead
It’s “Ok, what now?” time. Both for equities and the economy. The summer stock rally
The Bull-Bear
Not all bears are alike. Take the American black bear, for example. They’re typically shy,
Hot Summers, Cold Winters
“Apocalyptic.” That’s how one popular strategist described the latest PPI print out of Germany, the
Patient Bears
“Everyone is bearish but no one has sold stocks,” BofA’s Michael Hartnett said, in the
Marko Kolanovic ‘Sets The Record Straight’
JPMorgan’s Marko Kolanovic wants to “set the record straight.” Over the course of 2022, the
Erdogan Rolls Dice. Cuts Rates With Turkish Inflation At 80%
Like most countries in 2022, Turkey has an inflation problem. I should note, for those
Albert Edwards: The Ice Age Is Finally Over
The US is likely headed into a proper recession, but according to one erstwhile deflationist,
One Does Not Simply Become Walmart
The US consumer is “very healthy.” That’s according to Target CEO Brian Cornell, who spent
The ‘Now’ Zeitgeist
A pair of macro notables served as a reminder that however close we may be
Mechanical Bull: What’s Really Behind The Summer Stock Rally
It’s certainly tempting to cite the “peak inflation” narrative and attendant expectations for an incrementally
Everyday Low Bar: Walmart Steps Over Twice-Cut Forecast
Walmart is “seeing more middle- and high-income shoppers,” CEO Doug McMillon said Tuesday. It was
‘Tail Risks Are Diminishing,’ Kolanovic, JPMorgan Say
There are three possible scenarios for US growth, according to JPMorgan. One involves the risk
The Elephant In The Room
What about QT? Has everyone forgotten about QT? That’s one (among several) questions BofA’s Savita
This Bear Isn’t Buying It
Mike Wilson was “surprised” by the “magnitude” of a bear market rally that propelled US
US Enters ‘Housing Recession’ As Sentiment Dives
The US is in a “housing recession.” That’s according to NAHB Chief Economist Robert Dietz,
One Bear Has Some Distressing Math For Bulls
“Why is everyone so happy about 8.5% inflation?” BofA’s Savita Subramanian wondered, adopting an incredulous
Days Of Our Lives
Global growth concerns cast a pall Monday following another disappointing read on the Chinese economy.
Which Way Is Up?
Markets may feel lackadaisical in the new week. It’s the middle of August, after all.
2022: The Most Bearish, Illiquid Year Since Lehman?
Over the years, I’ve dedicated quite a bit of coverage to the feedback loop between
Buybacks And Such
One consequence of the improved mood across risk assets was a resurgence in equity offerings.
‘Cash Is Oxygen’
You know it’s a slow news day when Peloton and Michael Burry compete for space
Inflection?
Investors were “back in credit,” “back in tech” and “fading inflation” over the past week.
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