Market Looks To US GDP Release As Fed Goes Silent
For the next several sessions, US rates will take their cues from data and supply
‘Anywhere But China’
Things are going quite well for US equities. Perhaps you noticed. The S&P hit a
Summit Push
The S&P 500 hit a new record on Friday. Some readers (most, I hope) will
Historic Distortions Push Home Sales To Lowest In Three Decades
Existing home sales in the US were the lowest in nearly 30 years in 2023.
US Consumer Sentiment Posts Largest Two-Month Gain Since 1991
Consumer moods brightened dramatically and inflation expectations receded further in early January, the preliminary read
‘Where The Puck Is Going’
January’s price action is “sloppy,” but no one’s especially enthusiastic about fighting the Fed. That
UK Retail Sales Unexpectedly Plunge As Christmas Goes Wrong
“Wet weather in December will inevitably attract some of the blame,” ING’s James Smith wrote
MMF Assets Fall After Record Start. BTFP Usage Soars As Arb Beckons
Money market funds saw a rare outflow in the week to January 17, data released
Government Vol
Remember: The US government isn’t a corporation. Stan Druckenmiller may not understand (or appreciate) that,
The Macro-Market-Policy Conjuncture According To Charlie McElligott
Skew is dead, long live skew. For the better part of two months, Nomura’s Charlie
Bombs Away
A few days ago, the social media platform formerly known as Twitter was alive with
US Jobless Claims Plunge, Adding To Case Against March Rate Cut
If you were looking for more evidence to suggest the US economy and labor market
How Corporate America Benefited From Fed’s Rate Hikes
When it comes to explaining the conspicuous absence of “the most well-telegraphed recession in US
Hawkish Correction?
What a difference a few days makes. Late last week, overzealous markets were so convinced
Builder Mood Bolstered By Big Drop In Mortgage Rates
Homebuilders across America are feeling quite a bit better about things all of a sudden.
Doves Singed By Hot US Retail Sales
US retail sales were much stronger than expected in this week’s only top-tier data release
UK Inflation Rises, Burns Rate Cut Bets
Bad news: UK inflation ticked up in December. Headline consumer prices rose 4% last month,
Chinese Economy Is Giant Question Mark After Challenging Year
Congratulations to Beijing. China hit its growth goal for 2023 despite Xi Jinping’s best efforts
Options-Selling ETF Trend Spreads To Single Stocks
A little over a month ago, I revisited a familiar, but slightly esoteric topic: Ballooning
Stocks’ Interpretation Of Rate Cut Pricing May Lack Nuance
Stocks’ interpretation of market pricing for Fed cuts in 2024 may lack sufficient nuance. That
Bonds Upset By Waller’s ‘Careful’ Cuts
There’s “no reason” the Fed should cut rates “as quickly or as rapidly as in
$600 Billion Writes Off Recession
And the biggest driver of equity prices in 2024 will be — drumroll — the
Wall Street Earnings Wrap Up With Goldman Reclaiming Equities Crown
“We have a much stronger platform for 2024,” David Solomon said Tuesday, in remarks accompanying
Zelensky Gets Thoughts And Prayers In Davos
“I’m Jamie Dimon from JPMorgan Chase,” said Jamie Dimon, from JPMorgan Chase. “God bless you.”
New Houthi Attacks Leave US, UK With Few Options
Following a round of airstrikes on Houthi targets and positions in Yemen last week, the
The Loners
Every night on my stroll home from nowhere I pass a warm-looking farm-to-table restaurant. It’s
Is China Out Of Ideas To Rescue Its Economy?
China was supposed to cut rates on Monday. Consumer prices are flat in good months
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