Nobody Can Afford Anything
Jesus, Seth. Listen, if you really wanna do this with your life you have to
Bad News Just Keeps Piling Up For US Housing Bubble
Another day, another data point (or two) to suggest the previously red-hot US housing market
Run Money, Run
We’re an excitable species. Especially when it comes to money, a god of our own
Searching For Lehman. Finding Civil Unrest
Lehman! GFC! Dot-com! LTCM! Lions, tigers and (especially) bears. “Oh, my!” From time to time,
Mood Check: ‘Everything Is Better Than Feared!’
“Traders bet the bottom is in,” one mainstream financial media outlet declared on Tuesday afternoon,
House(s) Of Cards
US housing starts fell more than expected in June, data out Tuesday showed. Last month’s
The Next $20 Billion In Systematic Stock Buying
“Active managers have generally moved to the sidelines [leaving] inelastic model-based players and passives chasing
Remember: Slower Hiring Is Actually A Good Thing
There are too many unknowns to embolden dip-buyers. That was one generic explanation offered early
Who You Gonna Believe, Economists Or Those Lyin’ CEOs?
When it comes to forecasting, no year is a truly good year for economists. And
‘Make No Mistake’: Popular Strategists Warn Against Complacency
“Make no mistake, we donât believe this bear market is over,” Morgan Stanley’s Mike Wilson
‘Priced Out’: Builders Fret As Reality Sets In On US Housing Bubble
In a development that should surprise exactly no one, homebuilder sentiment plunged this month to
‘What If The Future Isn’t So Tidy?’ McElligott Asks
Reduced to the basics, market participants harbor a somewhat binary outlook on inflation and monetary
Goldman Trades Its Way Through ‘These Challenging Markets’
“We delivered solid results in the second quarter as clients turned to us for our
BofA Enjoys 22% NII Boost, Debit Card Spend Hits Record High
Bank of America delivered a characteristically “meh” set of results on Monday. Revenue of $22.7
‘Very Unusual’ Times
“Very unusual-looking.” That’s how one rates strategist described the trajectory of the implied path for
Awaiting ‘Proper Capitulation’
A tsunami of corporate earnings will wash over markets in the weeks ahead. Generally speaking,
Quiet Please
It’s all housing on the data front in the US this week, and with Fed
BĂȘte Noire
A few days ago, a reader suggested the Fed, having woefully miscalculated while appraising both
Interstellar
A never-ending deluge of headlines touting the developed world’s worsening cost of living crisis belies
Citi Saves Stocks
Citi to the rescue, apparently. I, for one, didn’t have “Citi saves stocks” on this
Chickens, Eggs, Hawks And Doves
Add SocGen to the list of banks expecting the Fed to go big — very
Good News! Also, Bad News!
Market participants and Fed officials enjoyed a reprieve of sorts on Friday, when the preliminary
Chinese Stocks Suddenly Crumble As Mortgage Boycott Adds To Woes
For a few weeks, it appeared as though Chinese equities might serve as a storm
US Retail Sales Data Complicates Already Fraught Fed Calculus
US retail sales rose more than expected in June, key data out Friday showed. Market
Chinese Economy Flatlines, Further Imperiling Full-Year Target
The Chinese economy barely grew during the second quarter, data out Friday showed. At 0.4%,
Jamie Dimon Has Some Things On His Mind
Jamie Dimon is no stranger to storms. He’s been through large ones, in open seas,
Hubris And ‘Dangerous Groupthink’
Christopher Waller wasn’t prepared to unequivocally endorse a 100bps rate hike at this month’s FOMC
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