Something’s In The Price
Given a demonstrable deceleration in various measures of economic activity over the past month, it’s
Given a demonstrable deceleration in various measures of economic activity over the past month, it’s
There’s nothing you can do. Just as the Fed has no “good” options at a
“The pause is likely to come too late,” Morgan Stanley’s Mike Wilson said Monday. He
I’m sympathetic to the possibility that a true reckoning for US corporate profits may still
The “big low” isn’t in. That’s the overarching (and all too familiar) message from one
There are too many unknowns to embolden dip-buyers. That was one generic explanation offered early
“Make no mistake, we don’t believe this bear market is over,” Morgan Stanley’s Mike Wilson
A tsunami of corporate earnings will wash over markets in the weeks ahead. Generally speaking,
I talk quite a bit about self-referential market dynamics in these pages. Some of those
Like shoppers waiting anxiously for a monitor in the checkout line to tally the damage
The US economy added far more jobs than expected in June, the government’s hotly-anticipated monthly
Hopeless. That’s how I’d characterize forward earnings estimates headed into Q2 reporting season in the
“The question is whether it’s done going down,” Morgan Stanley’s Mike Wilson, who Bloomberg hyperbolically
If the Fed’s goal is to engineer a reverse wealth effect by tightening financial conditions
“Despite recession fears, S&P 500 consensus 2022 and 2023 EPS estimates have both been revised
Although consensus is coalescing around the idea that the next shock to markets will come
The good news is, it’s difficult to imagine the back half of 2022 being worse
The market knows. Traders are wise to the unenviable task confronting monetary policymakers, who, lacking
Longer-term inflation expectations are rising, and the Fed can’t afford to be complacent about it.
Are company analysts Pollyannas or are macro-minded strategists Chicken Littles? That’s becoming one the most
“Economists have begun to cut their top-down economic forecasts for GDP, and yet fundamental company
Be careful, it could be a trap. That’s one way to read the latest from
If this week turns out to be anything like last week for US equities, it’ll
Some of the best films are structured such that audiences are compelled to consider the
It’ll seem obvious in hindsight, as all things do. If the post-pandemic rally in equities
Risk sentiment looks poised to oscillate for the next several weeks. Meandering price action will
I’ve mentioned the prospect of a reprieve for beleaguered equities in the near-term. Sentiment is
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