Tesla Teases ‘Accelerated’ New Model Launch As Revenue Dives
“We experienced numerous challenges in Q1,” Tesla said on Tuesday afternoon in the US. It
Mean Reverting Into Mega-Cap Earnings
Part of me hesitates to say anything that might be construed as “directional” ahead of
Apple Can’t De-Risk From China Fast Enough
Does one bad apple spoil the whole bunch? That’s the question market participants are asking
Elon Musk Will Figure It Out
As of last quarter, Tesla’s a growth stock with no growth. That’s a bad look.
America’s Housing Market Is A Sad Punchline
New homes. They’re expensive, chintzy, hastily-built and typically arranged in dystopian, crowded rows, such that
PMIs Point To Services Sector Job Losses, Rekindled Goods Inflation
Activity across the implacable US economy nearly stalled early this month, data released on Tuesday
Kolanovic Says Inflation, Geopolitical Risks Point To Additional Downside
Equities could stabilize this week, but after that it’s anyone’s guess. That was the message
What Goes Around Comes Around
The term premium’s almost positive again. Stop press, I know. The term premium’s like The
BofA Says Buy Geopolitical Dips As Russia Talks Nuclear Armageddon
For a supposedly “efficient” discounting mechanism, stocks often appear oddly oblivious, particularly to geopolitics. If
JPMorgan Warns Of Summer Selloff Redux
Headed into this month, investors were running higher stock exposure than they were last summer,
Mike Wilson Gets A Win
Mike Wilson nailed it. Or as much as you can nail it after sitting out
How Corporate America Will Spend $3.7 Trillion In 2024
Cash! You have some. Now what do you do with it? If you’re a household,
Chamberlain Or Churchill?
“Put those damn flags away,” 34-year-old Anna Paulina Luna sneered, as Democrats waived miniature Ukrainian
US GDP, Inflation Update In Focus As Fed Goes Quiet
It’d be too much to suggest a pivotal week looms for macro watchers, but market
The ‘En Masse’ Market Cash-Out In Perspective
I’m not sure I’d call it an “en masse cash-out” — as one mainstream financial
Second-Order Thinking
When you think about the likely evolution of Fed policy for the remainder of 2024,
Take The Win
Eight hours later, details around what, exactly, transpired in Iran early Friday remained scant, which
Is The Selloff Finally Here?
It’s clear enough that previously “oblivious” equities reached the limit this month in terms of
Israel Strikes Iran, Pushing Mideast To The Brink
Less than a week after intercepting an unprecedented barrage of drones and missiles launched by
Reserves Plunge, Money Funds Hit With Exodus On Tax Payments
I hesitate to offer a money market fund flows update this week for what I
Netflix Delivers Another Big Subscriber Beat, Will Stop Reporting Key Metric
The bar was high for Netflix headed into Q1 results this week. The stock was
Our Currency’s Still Your Problem
“The USD ‘wrecking ball’ is again the world’s problem,” Nomura’s Charlie McElligott said Thursday. A
US Home Prices Scale New March Record As Affordability Crisis Spirals
Existing home sales retreated as expected in March, snapping a two-month run of gains. That’s
Albert Edwards Says China’s Deflation Problem Needs More Attention
If you ask SocGen’s Albert Edwards — a man who knows a thing or five
The ‘Radical’ Economic Theory Taking Markets By Storm
Earlier this week, a reader asked for my opinion on a “heretical” notion: The idea
They Rang A Bell
I say this all the time and now seems like a good time to reiterate
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