Enigmatic. That’s the best way to describe second quarter earnings season in the US, where
Category: Markets
Chasing Ghosts: The Rally That Wasn’t There
For weeks, 4,200 on the S&P was bandied about by some top-down strategists as a
2023 Rate Cut Standoff Puts Fed, Markets On Collision Course
If you ask Mary Daly, a slowdown in the US labor market is “completely worth
Nightmare: BoE Hikes Most In 27 Years, Predicts Recession, 13% Inflation
The Bank of England hiked rates for a sixth consecutive meeting Thursday. The 50bps move
Fed ‘Will Get It Right,’ Bullard Says
The US isn’t in a recession, Jim Bullard told CNBC Wednesday. The labor market, he
‘You Are Here’: ‘Unstable’ Rally Confronts Perilous Seasonal
Fed officials put market participants on notice this week: There was no “dovish pivot” from
Pozsar: Powell Would Risk US Depression To Slay Inflation
Zoltan Pozsar has a subtle suggestion for those attempting to forecast inflation: Consider the possibility
‘Incredibly Uncomfortable’ Fed Hawks Circle Summer Stock Rally
“The Fed is in an incredibly uncomfortable position,” Nomura’s Charlie McElligott said Tuesday, amid a
The Kolanovic Factor
Whenever consensus turns even a semblance of cautious on equities and risk assets more generally,
Zoltan Pozsar: ‘Welcome To The War Economy’
“Welcome to the war economy, where heads of state matter more than heads of central
A Bear Revisits August Of 2008
I think we all get the joke. Or jokes, plural. Earnings are managed, management isn’t
US Tech Rally Won’t Last, One Bank Suggests
If you’re searching for double-digit monthly rallies on benchmark equity indexes, a good place to
‘Wrong’ Trades And Bad Bets
We’ve done it. We’ve jettisoned the two-quarter recession definition. And it didn’t take very long,
If Goldilocks Were A Recession
Manufacturing activity expanded at the slowest pace in two years, the first of this week’s
China Is Probably In A Recession Too
The world’s largest economy is in a recession. Or not. It depends on who you
Help (Still) Wanted
“This is a very strong labor market,” Jerome Powell said last week, addressing reporters following
Nice Rally You Got There…
You could make a fairly long list of compelling reasons to distrust the rally in
I Was Told There’d Be Drama
A week ago, I (somewhat begrudgingly) expressed guarded optimism about earnings season in the US.
Squeezes And Pivots
The nascent recovery in beleaguered stocks is rational, but if you ask one popular sell-side
Apple ‘Enriches Lives,’ Amazon Soars As Mega-Tech Earnings Wrap
Amazon and Apple closed the book on mega-cap tech earnings Thursday, as US equities looked
Jokes On Jay
The Fed is subject to a lot of bad jokes in 2022. Some are literal
Don’t Call It A Recession
It’s not a recession. It can’t be. The labor market is too strong. The midterms
Price Discovery. Via Tasseography
Real-time Fed tasseography is a very difficult undertaking. Almost as a rule, asset prices aren’t
You Have One Job
“Restoring price stability is something we have to do,” Jerome Powell said Wednesday, during remarks
Trapped Fed Goes Big Again With Recession Looming
The Fed hiked rates by the most since 1994 for the second consecutive meeting on
A Sturdy Corporate America Defies Doomsayers. So Far
The “profit reckoning” thesis is in jeopardy. Although a tsunami of key reports, including results
Bear Market Rally: Who’s Buying And Who’s Not Selling
Capitulation in equities is “only partial.” That was the message from Barclays at a critical
You must be logged in to post a comment.