It Takes A (Potemkin) Village
It’s jobs week in the US, where overall employment probably expanded in May at a
Why The Hyper-Scalers Are ‘Cheap’
Are the hyper-scalers cheap? That might seem like a ridiculous question. It’s tempting to shout,
War, Peace, Stocks, Bonds And Oil
Although equities grabbed all the headlines on their way to a ninth consecutive weekly advance,
Weekly: Going Streaking
If the S&P 500 managed merely to avoid a 1.5% loss during this week’s final
From ‘Old’ Tech To New, AI Train Shows ‘No Signs Of Slowing’
There are “no signs of slowing” in demand for AI-related hardware. So said Dell COO
‘The Perfect Picture’ Of The Melt-Up Zeitgeist
The only thing to fear is the right-tail. That’s the mindset markets have been forced
US, Iran Agree To Keep Talking
An agreement to keep talking. And to reopen the world’s most vital shipping lane. That’s
On Second Thought…
The US economic expansion was less robust than initially reported in Q1. That was the
War-Torn: US Saving Rate Plunges As Annual Inflation Soars
Underlying, monthly (note the emphasis) inflation was cooler than expected across the world’s largest economy
Three Months Later…
On March 2, Donald Trump used a Medal of Honor ceremony in the East Room
On A Wing, A Prayer And A Pipe Dream
While editorializing around Goldman’s shiny new price target for the S&P on Wednesday, I noted
$117,000 Or Homeless
Has your income, or your household’s income, doubled over the last half a dozen years?
Blueberry Vinegar (SPX 8K)
“David Kostin would’ve raised his year-end target by now.” That was among the dozens of
Bargain Or Bubble? 1,000% SK Hynix Rally Epitomizes Semi Paradox
SK Hynix is up 3,500% (give or take) since the original COVID panic. Mull that
More Chips, Please!
It was, um, too early to fade the chip rally. I’ve conceded that particular point
Tragedy Strikes As Americans Cut Back On ‘Want’ Buying
Household views of current US economic conditions slipped in May and a measure of expectations
Real US Home Prices Fall Most In Three Years On War Inflation
Between an ongoing decline in the annual rate of nominal home price appreciation and the
Bombs Astray
“Death is but a door; time is but a window,” Mojtaba Khamenei declared on Tuesday.
Profits Over Prophets
War, what is it good for? The song tells us “absolutely nothing,” but it’s apparently
Peace Hopes Drive European Stock Rally Despite ECB
Hooray for MOU day! The persistence of sticking points in the US-Iran diplomatic process (and
Inflation, Hikes And Hawks
The holiday-shortened US trading week offers a hodgepodge of relevant macro releases, although nothing with
A ‘MOU Pertaining To Peace’
We have a deal to end the war! No, wait. Sorry. I jumped the gun.
Losing Our Correlation Religion
The stock rally needed the bond selloff to abate. And it did, however transient the
Weekly: Stocks And The Cold Hot War
Two Saturdays ago, after the S&P notched a sixth consecutive weekly advance, I noted that
Markets Fully Price 2026 Fed Hike As Warsh Sworn In
“Ruh roh.” On Friday, for the first time this year, traders fully priced one 25bps
The Worst Consumer Sentiment Report Ever. Again.
Gosh. Golly gee. Whodathunk. For at least the third time during his second term, Donald
A Bear In A Bubble
“Do you not think this global bond bear market is going to break the US
You must be logged in to post a comment.