Don’t Cut The Wrong Wire!
Let’s be clear: The Fed funds rate modern markets can tolerate is almost surely lower than
Let’s be clear: The Fed funds rate modern markets can tolerate is almost surely lower than
The “chase is on,” BofA’s Michael Hartnett declared, in the latest installment of the bank’s
We’re not there yet. It’s a familiar refrain when it comes to the “Big Low”
In November, we’ve seen mass layoffs, declining profit expectations and credit events. Lions, tigers, bears,
There’s a light at the end of the tunnel. (Insert oncoming train joke.) One argument
Barring a miracle, 2022 will be a year to forget for market participants. Ironically in
Wall Street’s most outspoken bear and the sell-side’s most famous bull agree on one thing
Some believe the subtle shift in central bank behavior witnessed over the past month means
Janet Yellen is “very focused” on Treasury market functioning. That’s according to remarks delivered on
If you’re wondering why 2022 is set to be the worst year for global bonds
“We’re bearish despite ubiquitous bear sentiment,” BofA’s Michael Hartnett said, flatly. He’s adamant, that one.
2022’s great inflation debate divides economists and market observers into two distinct camps: Those who
Fund managers have virtually never been this bullish on long-term bonds. Or at least not
As usual, BofA’s Michael Hartnett gets points for style. “No cuts, no glory,” read the
It almost feels gratuitous to keep making the case against US equities. It’s preaching to
Hope springs eternal, which is why, when US equities staged their fifth biggest intraday reversal
“Stocks crushed as jobs keep Fed on hiking path,” one Friday market wrap declared. US
Cash isn’t trash anymore. Maybe you noticed. Ray Dalio did. “As John Maynard Keynes is
It’s “so tempting to be a contrarian bull,” BofA’s Michael Hartnett said. After all, bonds
Vladimir Putin is facing the very real prospect of defeat in Ukraine. Not just morally
I keep hearing credit “hasn’t cracked yet” despite turmoil in rates, equities and FX. That’s
The question is no longer “How long until something breaks?” Something broke this week. It
“Markets stop panicking when central banks start panicking.” That’s a familiar refrain. It’s another way
Market chatter around the prospect of a global accord aimed at halting the dollar’s inexorable
Among the responses to “Apocalypse Soon” was a reference to the “usual bearish suspects.” We
A key consideration when you ponder the prospect of a global financial meltdown, is the
Risk assets were in trouble Friday, as European shares careened lower amid poor data, war
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