While thousands of overprivileged upper-middle class citizens across the world’s most advanced economies excitedly acclaimed
Category: weeks news
Zeitgeist 2023
A funny thing happened this week. Or you might call it a very unfunny thing
US Jobs Report Is Goldilocks With Caveat
The US economy added a hefty 339,000 jobs in May, hotly-anticipated data released on Friday
Rallies And Epochs
It’s artificial! That’s the lament from equity market bears these days. If we’re being honest,
China’s Rebound ‘Over’ Amid Dour Data, ‘Miserable’ Stocks
“The reopening trade is over,” Credit Agricole’s co-head of trading for AsiaPac said Wednesday. He
Running Toward Extinction
If you didn’t know better, you’d mistake it for satire: Industry leaders caution on extinction risk
Don’t Short A Bubble
You don’t want to short bubbles. That might sound counterintuitive. After all, if not bubbles,
Nvidia Scores Historic One-Day Value Gain On ‘iPhone Moment’
“I think you’re seeing the beginning of — call it a 10-year transition to basically
Man Who Downgraded America Weighs In On Debt Ceiling Drama
In 2011, Standard & Poor’s famously downgraded US debt for the first time. The man
Corporate America’s New Strategy: Just Say ‘A.I.’
The A.I. discussion is unfolding everywhere, including and especially corporate boardrooms. Those discussions spilled over
Debt Ceiling Crisis Spotlights Democracy’s Dilemma
“Are you just gonna sit there and pick and choose?” Chuck Todd wondered. He was
What Janet Yellen Sees As Debt Limit X-Date Looms
Let’s be clear: Most of us are working on the assumption the US won’t default,
Grenade Jugglers
If you get the feeling various downside scenarios are having a difficult time “realizing,” you’re
Corporate America’s 30-Year Profitability Bonanza May Be Over
Over the past 30 years, S&P 500 profit margins more than doubled, from 5% to
‘That’s It?’ Markets Incredulous At Lackluster Chinese Economy
China’s economic recovery is no recovery at all. Last week, I called+ the situation “vexingly
Kolanovic Laments Stocks’ ‘Complete Disregard’ For Macro, Policy Signals
Equities are disconnected both from macro and policy realities. That’s according to JPMorgan analysts led
US Labor Market Takes Another Step Down Long Road To Normal
For the second consecutive month, US job openings fell more than expected, leaving the door
Mike Wilson Isn’t Buying It
Wall Street’s most famous bear still isn’t buying it. Figuratively or, one assumes, literally. “At
Taiwan, M2 And Other ‘Recession Now’ Canaries
Infallible or not, the yield curve is a cliché as a recession indicator. Indeed, those
Key Takeaways From Michael Barr’s ‘Unflinching’ SVB Review
On Friday, Michael Barr released the Fed’s internal review of its supervision and regulation of
Banks Face New Era Of Run Risk In Always-Connected World
Maybe it’s a dearth of other bad market news to monetize, maybe it’s a genuine
‘A Long And Meaningful Phone Call’
For the first time since Russia invaded its neighbor, Volodymyr Zelensky spoke to Xi Jinping.
‘Things Have Changed’: Quants Could Sell $276 Billion In ‘Down Big’ Tape
The systematic crowd has done all it can. The burden of sustaining the equity rally
Kolanovic, McElligott Weigh In On Collapsed Stock Volatility
The market is “dominated by option sellers.” That’s according to JPMorgan analysts led by Marko
Fed, Markets Get Good News In Relatively Benign CPI Release
Headline inflation in the US rose less than expected in March, while core price growth
Latent Recession Risk At 50% Underlines ‘Wile E. Coyote’ Worries
Recession risks are elevated. I suppose that goes without saying. If it does go without
SVB And The Anarchists’ Dream
Seemingly every day, somebody, somewhere, publishes a new postmortem on last month’s turmoil in the
