There’s “consternation” about the “spot up, vol up” dynamic evidenced in US benchmarks of late,
Category: stocks
No Ceilings (Spacemen)
The dollar slumped to a fresh two-year low and the vaunted “stay at home” trade
China Looks Poised To Inflate A Tech Bubble Of Its Own
The Chinese economic recovery continued apace in August — or at least that’s the official
Redundancies
In “Gods“, I described an inegalitarian market that not only reflects, but also feeds, an
Steeped In It
Another day, another record high for US equities. The S&P rose a seventh straight day
Tragicomedy And The GOAT Rally
“Consumer sentiment has remained trendless in the same depressed range it has traveled during the
S&P 500 Now Third-Most Expensive In 120 Years, As Tech Decouples
Well, we did it. We created an equity bubble during a global depression brought on
Max Dovish
“Stocks rise, yield curve steepens” was the five-word summary for Thursday’s action in US equities
Know Your Worth
Stop me if you’ve heard this one before: US equities hit fresh all-time highs with
Virtual Reality
If there’s a “method” to someone’s “madness”, is it still “madness”? That’s a question the
Humans And Their Bear Markets
The phrase “bear market for humans” flashed across Bloomberg Television on Tuesday afternoon, just as
No Going Back (Squaring The Circle)
It’s a broken record, but squaring financial asset prices with reality is becoming an increasingly
Apple Eats World (And Nobody Cares About Warren Buffett)
The world is supposed to eat apples. Instead, Apple is eating the world. Or at
Morgan Stanley’s Mike Wilson: ‘Growth Scare, Rates Scare’ To Trigger ‘First Tradable Correction’ In US Stocks
There’s been no shortage of hand-wringing over the past two weeks (give or take) about
We Should Be So Lucky
“Sometimes you have to make them feel the heat if they don’t see the light”,
Escape From America (European Vacation)
Over the past several months, the rally in the euro quite clearly suggested market participants
37%: A FAAMG Story
On Saturday morning, I characterized the market as being defined by what amounts to “one
The Bubble That Never Pops (It’s Been One Trade For Half A Decade)
“We are in a deep recession, yet the stock market has completely blown it off”,
Value(less)
It was only “right” that the week should end with another day of outperformance for
Top-Heavy, ‘Trillionaire’ Tech Rally Draws Jeers Ahead Of Big Gamma Roll-Off
Here we go again. It’s probably fair to say that the pro-cyclical rotation witnessed earlier
What’s Next For An Over-Leveraged Corporate America?
Much has been made over the past several months about the impact of massive debt
‘What’s Not There’
The problem with the July Fed minutes is “what’s not there”, one rates trader said
Morgan Stanley Has ‘Good News And Bad News’ On Central Bank ‘Dominance’
Are central banks all that matter? Or, as Nomura’s Charlie McElligott wondered late last month,
While Rome Burned
Under heavy political fire, postmaster general (and Trump donor) Louis DeJoy promised on Tuesday to
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