It’s “crunch time” for Morgan Stanley’s mid-cycle transition thesis, the bank’s Andrew Sheets said Tuesday.
Category: Markets
Exports, ‘Lack Of Bad News’ Bolster China After Tech Rout
You might have expected Chinese trade to falter in August given the temporary shutdown of
Soros: Fink Makes ‘Tragic Mistake’ With BlackRock China Push
George Soros is not amused with BlackRock’s China push. Just days after warning that anyone
Bad News (The Good Kind)
“Typical of an advanced carry trade.” That’s how Nordea Investment’s Sebastien Galy described the “bad
Triple Peaks
In “What Markets Are Betting On,” I talked a bit about investors’ outlook for the
Druckenmiller, 53 Records And Three-Quarters Of A Trillion
It’s been 16 months since Stan Druckenmiller declared equities, broadly construed, uninvestable. To be fair,
Here’s What Markets Are Betting On
A dramatically bad US jobs report barely moved the needle for US equities, which managed
Just Another Day In Xi’s China
“The donation doesn’t guarantee that there will not be more regulations target[ing] Alibaba,” one analyst
You Can Forget About A September Taper Unveil
August’s jobs report will be a test of market participants’ commitment to a bull case
Inflation ‘Inevitable’: Surveys Suggest US Economy Overheated
An extremely disappointing nonfarm payrolls report showed hiring in leisure and hospitality flatlined last month,
Japan Stumbles Into Macro Limelight With Political ‘Shocker’
Japanese stocks surged Friday after Prime Minister Yoshihide Suga bowed out of the upcoming ruling
Are The Vaccines Still Working? What The Studies Show
This might sound ridiculous, but sometimes I suspect it might be a waste of time
Past, Present And Future
The tail is still wagging the dog. I assume that’s obvious to those who understand
Jobless Claims At Pandemic Low On Eve Of Stimulus Expiry
340,000 Americans filed for unemployment benefits last week, fewer than expected. Consensus was looking for
Icarus, Your Wings Are Melting
Nearly a year on from Jack Ma’s ill-conceived decision to criticize regulators, Alibaba is committing
Owning The Bulls (By Losing Money)
Last month, I not-so-gently suggested that America’s vaccine misinformation epidemic may have crossed the threshold
Yuan Likely To Be Third-Largest Reserve Currency By 2030: Goldman
The Chinese yuan could leapfrog the yen and the pound to become the world’s third-largest
A Tangled Mess Of Optimism And Uncertainty
I had it pre-written. I was all set to serve up a delightfully sarcastic take
Delta Variant Gets Blame For Another Wild ADP Miss
US private sector employers added 374,000 jobs in August, ADP said Wednesday. That was nowhere
Marx To Market
Traders “snubbed risks,” one headline read on Wednesday, as equities looked for more gains. The
As August Melts Into September…
I mentioned there were two key macro narratives on Tuesday, and they’ll stay relevant even
The Holzmann Tantrum?
There were two key macro narratives Tuesday, one of which was the slowdown in China
Crisis Of Confidence
Consumer confidence tumbled in August amid Delta variant hand-wringing and inflation concerns. Earlier this month,
US Home Prices Post Another Record, Surge Most In 30 Years
US home prices rose more than expected in June, data out Tuesday showed. The latest
The Writing On The Wall
The writing is on the wall in China. And the font is large. Beijing’s regulatory
Xi’s ‘Profound Revolution’ Renders Market Calls Worthless
As it turns out, Xi Jinping’s sweeping regulatory blitz (which, if you date to Jack
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