Should’ve Bought The Damn Dip
Guess you should’ve bought the dip. Who knew, right? Even absent the myriad structural factors
China’s Screwed
China’s mired in an intractable economic malaise. You’ve heard that how often from me? This
US Builders Leaned Heavily On Incentives Ahead Of Mortgage Rate Plunge
Given the sharp decline in financing costs witnessed in recent weeks, you might expect homebuilders
US Recession Postponed Again As Retail Sales Soar, Jobless Claims Drop
Consumerism! It’s a helluva thing. America’s legions of incorrigible spendthrifts didn’t get the recession memo
The Enduring Paradox Of A Bull Case Built On Rate Cut Hype
An equity rally built on expectations for aggressive rate cuts is inherently paradoxical. If you’re
Meanwhile, In Ukraine News…
Ukraine invaded Russia the other day which is — you know — funny. That’s not
US Inflation Report Benign Again, With Shelter The Only Blight
US inflation was benign again in July, crucial figures released on Wednesday showed. Core price
Refis Reheat In Otherwise Frozen US Housing Market
US housing (all housing, everywhere, now that you mention it) is sensitive to rates. By
UK Services Inflation Ebbs Sharply In Good News For BoE
The Bank of England will cut rates twice more this year, according to traders, who
Investors Implore Powell’s Fed: Go Big Or Else
Did they cancel the recession again? Or are market participants just confident in the Fed’s
Macro Volte-Face Triggered Black Swan Drawdown For CTAs
“Trend following had a tough time,” SocGen’s Sandrine Ungari gently remarked, in a recent note.
What Caused The August Vol Shock
Whether or not fund managers registered a drop in soft landing odds in recent days,
Services Index In US Wholesale Price Report Drops Most In 16 Months
Good news! Producer price growth in the US was cooler than expected last month, data
Soft Landing Buy-In Soars To Record Among Pros Despite Recession Panic
Professional investor sentiment took a hit from recent market disarray, but faith in a soft
‘Priced For Perfection’ Stocks Suddenly Awake To Rates Reality, Mike Wilson Cautions
Morgan Stanley’s Mike Wilson is… cautious. That’s one word to describe his disposition towards US
Wild Dislocation Enabled Historic VIX Spike
Today’s the one-week anniversary of the largest VIX spike on record. How are you celebrating?
Bonds Are Your Hedge Again. But Caveat Emptor…
Bonds! They’re your hedge again. On August 3 — so, a day after the Sahm
Foreign Investment In China Drops Most Ever As Xi’s Pitch Falls Flat
Xi Jinping wants foreign investors and corporates to believe China’s still a good place to
Please God, No Stagflation
Markets head into the new week still stressed after one of the more turbulent stretches
Will Wall Street’s Vol Shock Spill Over Into Corporate Credit?
Credit’s fine. For now. The chaos in front-end US rates that accompanied a triggered Sahm
‘Corr 1’ Shock Won’t Soon Be Forgotten, One Bank Says
Was the extreme market turbulence witnessed over the past several sessions the product of a
Bull Still Standing
We know systematics — pejoratively “the machines,” accurately, and in order of speed, CTAs, target
Wall Street ‘Bossing’ Powell Into Big Cuts With Prime Rate At Nosebleed Levels
Long and variable lags. Monetary policy works on long and variable lags. Impolitely: You hike
Market Shock Fails To Trigger Stock Outflows. History Says They’re Coming
If you were wondering whether recent fireworks across markets triggered outflows from equities, the answer’s
Cash! Money Fund AUM Nears $6.2 Trillion In VaR Shock Safety Bid
We reached the point of diminishing returns months ago on stating and restating the same
About That Recession…
I suppose this goes without saying, but just in case: You’re not going to be
Another Day, Another Bad Treasury Auction
I suppose it’s not surprising that Thursday’s long bond sale went poorly. After all, Wednesday’s
You must be logged in to post a comment.