Expensive Houses, Falling Confidence
US home prices are rising at the briskest annual rate since November of 2022 and
The Fed Put’s Alive And Well
Last month, I spent some time editorializing around a 2024 outlook piece which echoed many
I Gotta Have More Magnificent 7
I might’ve mentioned this last week. I honestly can’t remember. And no, any recollection failure
One Bank Asks: Is The Tech Ecosystem Now Its Own Asset Class?
People are beginning to ask some — how should I put this? — interesting questions
New Home Sales Meander Amid Intractable American Housing Conundrum
New home sales in the US rose at just half the expected pace in January,
Strategy For A Crucial, All-Important Week
New week, same debates. The sparse color on offer Monday trod familiar ground as traders
Magic Sauce
I probably shouldn’t have read Warren Buffett’s annual letter. It only reminded me of the
Is Nvidia Surge A ‘Blow-Off Top?’ If So, What’s Next?
Are we witnessing a “blow-off top” in equities? To answer that, we have to define
Inflation Test Looms As Stocks Ask, ‘Who Needs Rate Cuts, Anyway?’
The schedule’s pretty crowded this week in the US. An update on the Fed’s preferred
After Munger, Buffett Says Berkshire’s Size Rules Out Big Performance
I’m going to dial back (which is to say omit entirely) the sarcasm and snark
Inflows To US Stock Funds Accelerate Amid AI Frenzy
US equity-focused ETFs and mutual funds saw their largest inflow of the year over the
Dynamics Of A ‘Never-Ending Stock Melt-Up’
“A never-ending melt-up in index.” That’s what befuddled bears were pondering by the end of
Fed Fails To Curb History’s Most Aggressive US Spending Recovery
The Fed has a narrative. They have a lot of narratives, actually. But an oft-repeated
What Xi Jinping Can Learn From The Fed
At some point this week, Nomura apparently cautioned those keen to pick the low in
Money Fund AUM Slips Second Week As Great MMF Debate Continues
This week’s money market fund flows update was mostly uneventful, although it was notable for
Don’t Short A Bubble Exhibit 275 Billion
I don’t want to pile insult atop injury for the earnest skeptics and well-meaning bubble
In US Housing: Signs Of A Thaw Or False Dawn?
Cue a procession of angels: US existing home sales notched a meaningful gain for the
US Economy Continues To Spurn Recession Banter
Activity across the US manufacturing sector expanded at the briskest rate in 17 months in
‘Nailed It’: McElligott On Nvidia
“Nvidia nailed it.” So said Nomura’s Charlie McElligott on Thursday, as US equities looked for
In Japan: FOMO
“Healthy.” That was one adjective bandied about Thursday, when the meteoric rally in Japanese equities
Nvidia Beats Handily. Is It Enough?
The fate of humanity hung in the balance on Wednesday afternoon in the US, where
Why Nvidia Matters For Vol
Wednesday was Nvidia day in the US. On the off chance you’re just coming out
Minutes And Supply
A couple of notables. The Fed minutes skewed hawkish and reception for Wednesday’s 20-year supply
Marko Kolanovic Paints A Foreboding Picture
JPMorgan’s Marko Kolanovic sees risks. Proliferating risks, not least of which is a rerun of
Dangerously Narrow
I’m tired of editorializing around mega-cap “tech” dominance and extreme market concentration. Honest to God
China Goes To War With Quants, Bans Some Selling In Bid To Arrest Stock Rout
I don’t want to overstate the case, but running a high frequency trading operation in
Are We Safe?
“Are you safe?” I used to get that question a lot. It was either completely
You must be logged in to post a comment.