The knives are still out for policy doves globally, notwithstanding the first nods to a
Category: Markets
Ackman Blasts Fed, Says Stocks, Economy May ‘Crash’, ‘Collapse’
“There is no prospect for a material reduction in inflation unless the Fed aggressively raises
New Home Sales Dive As Prices Go Parabolic
It finally happened. The US housing market finally cracked. New home sales plunged an astounding
For US Retailers, ‘Better-Than-Feared’ Is The New ‘Good’
“Better-than-feared” was about all analysts were able to muster on Tuesday, when Best Buy cut
Goldman Knows Just What Stocks Need To Rally
Goldman knows just what the market needs to hear in order to rebound sustainably. Spoiler
Chinese Stocks Now Deaf To Party Promises
It wasn’t so long ago — two months, actually — that policymakers in Beijing retained
Snap Back To Reality
Far be it from me to suggest Snap has a better read on the outlook
Summer ‘Earnings Reset’ May See S&P Tumble To 3400
“It’s too early to get bullish,” Morgan Stanley’s Mike Wilson said Monday. At this point,
A Recession. Just Not Today
In the week ahead, traders and investors will scrutinize results from a bevy of big-name
An ‘Important Regime Shift’ (And A Word On Hindsight)
Remember when the pandemic was deflationary? That seems absurdly quaint in 2022. But we’d do
Trial By Fire: Are Corporate Profits About To Plunge?
I dare say earnings reports from retailers will be among the most important macro events
Will The Crypto Collapse Spill Over? It’s Complicated
When cryptocurrencies took another leg lower this month following the collapse of Terra’s algorithmic stablecoin
The Shock That Surely Isn’t ‘Priced In’
If you were so inclined, you might argue that two of this year’s three shocks
Bulls, Bears And Animal Spirits
It’s not technically a bear market. At the worst levels on Friday, the S&P was
S&P Bear Market: What If Jeremy Grantham Was Right?
I’ve talked quite a bit about valuations lately. Specifically: How far and how fast they’ve
The Week Retail Died
This week will go down as one of the most abysmal stretches ever for US
China’s ‘Record’ Rate Cut And Xi’s Mission Impossible
“China cuts a mortgage reference rate by most on record.” Sounds dramatic, no? Unfortunately, the
‘Unambiguous’ Buy Signal Overshadowed By Stagflation Reality
The stock market “basically dropped by one US economy in six months,” BofA’s Michael Hartnett
US Stocks Could Fall 40% In Worst Case, Deutsche Bank Says
If the current malaise on Wall Street is a non-recession correction, it’s an unusually long
Goldman’s Clients ‘Constantly’ Asking About Recession
“A recession is not inevitable,” Goldman’s David Kostin reiterated, in a new note. “But clients
Fed’s George Talks Stock Selloff. McElligott Sees ‘Real-Time Downshift’
“Bleeders all over the place,” Nomura’s Charlie McElligott said Thursday, as the recession choir sang.
Kohl’s Mine Canary
Normally, I wouldn’t dedicate space to Kohl’s earnings, but considering this week’s retail wipeout and
Fatalism Sets In: ‘It No Longer Makes Sense To Own Stocks’
“This call has proved wrong,” said Eric Johnston, head of equity derivatives at Cantor. “It
‘Aha!’ Moment Razes Fed’s Soft Landing Fable
“Hedge fund hell.” “$34 chicken wings?” “El-Erian says US can’t avoid stagflation.” “Americans more stressed
Target’s ‘Since 1987’ Collapse Sends Macro Warning
On Tuesday, Walmart suffered what I described as a “black swan” moment, when the company’s
Why The S&P May Have ‘25% Upside’ By Year-End
If you believe the bond market speaks to us through the curve, the recession clock
Powell Or Pozsar?
Jerome Powell is going to “keep pushing” until US inflation abates in “a clear and
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