Investors were on tenterhooks for mega-cap tech earnings, and not just because the “broad” market
Category: Markets
Fair-Weather Fans
2022 will remembered for a lot things, most of them bad, or at least if
Define ‘Pivot’
This is all very simple, really. Markets will bottom when inflation peaks and the Fed
Everyday Low Guidance: Walmart Delivers Another Reality Check
Is an anomaly anomalous if it happens twice in three months? I don’t know. That’s
Something’s In The Price
Given a demonstrable deceleration in various measures of economic activity over the past month, it’s
Nowhere To Turn
There’s nothing you can do. Just as the Fed has no “good” options at a
60:40, Food:Fuel
It’s been a tough year for multi-asset investors, where “tough” means all assets have incurred
Wanted: Plausible Bull Case
“The pause is likely to come too late,” Morgan Stanley’s Mike Wilson said Monday. He
Traders Will Drown In Data During Fed Week
The July FOMC meeting isn’t the only big event on the US docket this week
Best Hawkish Behavior
In the anxious aftermath of the June CPI report, among the worst in modern US
Just Don’t Call It Optimism
I’m sympathetic to the possibility that a true reckoning for US corporate profits may still
The ‘Big Low’
The “big low” isn’t in. That’s the overarching (and all too familiar) message from one
‘They Just Kept Coming’: VaR Event Rocks Rates
Although it wasn’t obvious to anyone for whom equity benchmarks are all that matters, Friday
Bond Bulls And Banana Republics
As regular readers know all too well, I harbor something that looks (and feels) quite
Microsoft May Hold Keys To ‘Yikes Pain-Trade Rally’
Charlie McElligott’s spidey sense is tingling. US equities and volatility rose simultaneously for two consecutive
ECB Exits NIRP, Unveils ‘TPI’ On Irony-Laden ‘Whatever It Takes’ Anniversary
The ECB hiked rates for the first time in more than a decade Thursday and
Run Money, Run
We’re an excitable species. Especially when it comes to money, a god of our own
Searching For Lehman. Finding Civil Unrest
Lehman! GFC! Dot-com! LTCM! Lions, tigers and (especially) bears. “Oh, my!” From time to time,
Mood Check: ‘Everything Is Better Than Feared!’
“Traders bet the bottom is in,” one mainstream financial media outlet declared on Tuesday afternoon,
The Next $20 Billion In Systematic Stock Buying
“Active managers have generally moved to the sidelines [leaving] inelastic model-based players and passives chasing
Remember: Slower Hiring Is Actually A Good Thing
There are too many unknowns to embolden dip-buyers. That was one generic explanation offered early
‘Make No Mistake’: Popular Strategists Warn Against Complacency
“Make no mistake, we don’t believe this bear market is over,” Morgan Stanley’s Mike Wilson
‘What If The Future Isn’t So Tidy?’ McElligott Asks
Reduced to the basics, market participants harbor a somewhat binary outlook on inflation and monetary
Goldman Trades Its Way Through ‘These Challenging Markets’
“We delivered solid results in the second quarter as clients turned to us for our
BofA Enjoys 22% NII Boost, Debit Card Spend Hits Record High
Bank of America delivered a characteristically “meh” set of results on Monday. Revenue of $22.7
‘Very Unusual’ Times
“Very unusual-looking.” That’s how one rates strategist described the trajectory of the implied path for
Awaiting ‘Proper Capitulation’
A tsunami of corporate earnings will wash over markets in the weeks ahead. Generally speaking,
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