Fed Suggests More Talking To Solve Communication Problem
I regularly lament the Fed’s penchant for over-communication. Every week, market participants are compelled to
Cold War Headlines
China’s upset with the West. Or the West is upset with China. Both. It’s both.
The Tents Are On Fire
Familiar scenes out of Gaza depicted dazed children sorting through blackened detritus and women wailing
Antonyms Of Hope
Of what use is a “binding” order with no mechanism for enforcement? Not much. Such
Hope Seen Floating In Fed’s Preferred Inflation Measure
Core price growth on the Fed’s preferred inflation measure probably downshifted to 0.2% last month.
Did Yellen and Powell Forget Piketty?
When it comes to the notion that Janet Yellen and Jerome Powell engaged in a
Inconclusive
I doubt anyone came away from this week wiser. By Friday afternoon in the US,
Goldman Gives Up On July Fed Cut
Goldman’s seen enough. On Friday, David Mericle threw in the towel on the bank’s call
Revisions To Marquee Sentiment Survey Offer Glimmer Of Hope
At least it wasn’t revised lower. The final read on University of Michigan sentiment for
Rally Interrupted And The Forever Inversion
A four-week global equity rally faltered this week amid concerns around delayed Fed cuts. MSCI’s
Money Market Fund Assets Climb Fifth Week, Nearing Record
Money market funds took in more than $17 billion in the week to May 22,
Don’t Blame Nvidia
“It’s the economy, stupid.” If you’re determined to explain why US equities didn’t revel in
Smotrich Versus Yellen
This is all “very simple,” but — wouldn’t you know it! — a lot of
New US Home Sales Fall, Prices Jump In Heavily-Revised Data
New US home sales fell twice as much as expected in April, data released on
Fed’s Inflation Goal ‘Elusive’ As US Economy Picks Back Up
So much for the slowdown. Business activity in the US picked up markedly in May,
Nvidia Rides ‘Next Industrial Revolution’ To Another Big Beat
A year on from what history may remember as an epoch-making earnings report, the most
Hawks Fly In Fed Minutes
If the question’s how best to read the May FOMC minutes, the answer’s that it’s
Coup De Grâce
The UK will hold general elections on July 4 which seems — I don’t know
Rejoice. Despair. The Homes Keep Appreciating
Rejoice current US homeowners: Median home prices hit a new April record last month, near
A Nasty Inflation Surprise
There was “nasty” inflation news on Wednesday and it prompted a “huge” move in bond
There’s More To The Nvidia Story Than Nvidia
On the eve of Nvidia’s Q1 report, billed as another “make or break” moment for
The Macro-Policy Path To SPX 6350
Everybody knows what could go wrong, right? If not, allow me. Monetary policy’s “long and
‘Something Far More Convex’
Hopefully, most readers can recite some version of the flat skew narrative from memory by
Palace Intrigue And The Khamenei Succession Question
I harbor a deeply-ingrained aversion to conspiracy theories. By nature, conspiracy theories are wrong far
Nosebleed Risk Appetite May Impose ‘Speed Limit’ On Stocks: Goldman
“Maybe.” “Might.” “Possibly.” “Could.” And especially “in our view.” Every sell-side research note contains one
Marko Kolanovic Isn’t Budging
On Monday, Wall Street’s most prominent bear adopted a relatively constructive take on US equities.
Stocks Could Soar, Might Plunge, Will Probably Stay Put: Wilson
If you ask me, the most interesting aspect of Mike Wilson’s 48-page mid-year US equities
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