War Risk Top Of Mind As Shipping Lanes Become ‘No-Go’ Zones
The Red Sea won’t become a “no-go area.” That’s according to UK Defense Secretary Grant
Is Putin Secretly Tired Of The War?
Last week, during his annual ask-me-anything-a-thon, Vladimir Putin was as brash and defiant as ever.
Good Tidings, Dour Musings
Wry chuckles and sardonic smirks aside, investors had a lot to smile about headed into
Behold: The Free Money Fed Arb
Every week, on Thursday evenings, I pen an update on money market fund flows, RRP
Victory. With Tragic Caveats
If Jerome Powell made a Christmas list, it’s safe to say a benign read on
New US Home Sales Unexpectedly Dive As Housing Roller Coaster Continues
New US home sales tumbled in November, according to volatile data released ahead of the
Xi Triggers Brutal Wipeout For Tencent With Shock Curbs
Xi Jinping just can’t help himself. On Friday, Chinese regulators blindsided markets with a raft
Money Funds See Second Week Of Outflows. Fed Backstop Borrowing Jumps
Don’t look now, but money market funds just a saw a second straight weekly outflow.
A Famous Deflationist On What’s Next For Bonds
Remember when US Treasurys were on track for an unprecedented third consecutive annual decline? I
Albert Edwards Says Tech ‘Market Cap Bubble’ Is Biggest 2024 Risk
SocGen’s Albert Edwards has some concerns going into 2024. If you’re looking for rosy outlooks
Cold War Reminders
Remember “Tariff Man?” He was Donald Trump’s macro superhero alter ego. Tariff Man’s superpower was…
A Merry Revision For The Fed
The BEA on Thursday provided the Fed with more evidence to justify this month’s dovish
About The December 20 0DTE Mini-‘Crash’
Did you hear? The stock rally died mid-week. If it has a Lazarus moment, don’t
Colossal Bond Rally Has Wall Street Grasping At Straws
If the seven-week stock rally put Wall Street’s more bearish top-down equity strategists behind the
A Complete Rundown Of Wall Street’s 2024 S&P Targets
On the heels of a remarkable seven-week run for equities and amid what’s setting up
Disqualified
You can’t be President of the United States if, at any point previous, you fomented
It’s Working: Fed Messaging, Stock Rally Juice Consumer Confidence
Suddenly, Americans feel great. That’s not true. They’re pretty miserable actually. But in the 2020s,
‘Prices Keep Marching Higher’ As US Home Sales Recover
US existing home sales actually rose last month, data out Wednesday showed. That (an increase
A Good Day For The Bank Of England
The Bank of England caught another break on Wednesday with an unexpectedly favorable UK inflation
The $366 Billion Short Squeeze ‘Heard ‘Round The World’
One of the more popular discussions in market circles over the seven- (going on eight-)
Black Swan Hunting In The Red Sea
I’m supposed to tell you the Houthis are poised to crash stocks. Or drive oil
Low VIX Belies Wall Street Stock Confusion
Earlier this week, I talked of a new “strategist short squeeze” on Wall Street. The
New US Home Construction Suddenly Booms
If you’re looking for evidence to support the idea that the recent easing in US
Fund Managers Ditch Cash For Stocks On ‘Goldilocks 2024’ Hopes
Fund manager sentiment is the least bearish in nearly two years, according to one bank’s
Was Powell’s Pivot Really Misguided? (Maybe Not)
Three months ago, Jerome Powell chafed at the suggestion the Fed wasn’t aiming to achieve
The Bear And The Doves
“Markets took the change in guidance as an ‘all clear’ sign to ramp up risk
Morale Improves In Wild US Housing Amid Steep Drop In Mortgage Rates
US homebuilders were in a slightly better mood this month, survey data released on Monday
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