Honor’s In The Dollar, Kid
27% if you can believe it. I guess whether you believe it depends on what
Who’ll Buy All The Stock?
“Who’ll buy all the debt?!” So goes the overwrought interrogative whenever the discussion turns to
Independence Week
It’s a(nother) holiday week in the US, where markets will be closed Friday to honor
A Hawkish Epoch? Really?!
I’ve been on at considerable length since Kevin Warsh’s FOMC debut this month about the
Weekly: Hyper-Drag
Why are stocks struggling, where that just means struggling to make new(er) highs? Don’t answer
The Most-Asked Question, The Most Important Charts
The most-asked question in my inbox over the past two weeks is… well, to be
‘Daddy Needs A New Pair Of Shoes!’
Another day at the casino. Another circuit breaker in the wild, wild east. On Friday,
‘Obvious’ Things
The moment is upon us. The moment when tech capex overtakes buybacks and dividends. The
How Leveraged ETFs Turn Markets Into Casinos
If you’d suggested to me a few years ago that a meaningful share of the
The Apple Shock Arrives
“I was told there would be disinflation.” The AI jokes just write themselves on some
Americans Shrug Off Inflation, Keep Spending
Underlying consumer price growth on the Fed’s preferred measure rose 3.4% last month from the
Micron Delivers. And Then Some
The sputtering US equity rally cleared a major hurdle on Wednesday afternoon, when Micron came
Three Hikes? Yeah Right
First thing Wednesday morning, I read an amusing tidbit on Wall Street Fed forecasting. By
Debating The Dollar
The Fed may need a presidential lecture on the many virtues of a weak dollar.
Coming To America
More bells at the top? Chip mania mascot SK Hynix — talk of the town
Investors Line Up To Loan Musk More Moon Money
“I’d expect all SpaceX offerings to be heavily oversubscribed,” I wrote earlier this week, editorializing
Avalanche Anatomy
I won’t harp on this too awful much unless things take a turn for the…
American Dream Is Casualty Of War
Womp, womp. The typical American housing payment rose to a one-year high in the four-week
The Wild, Wild East
Can geography make an otherwise apt metaphor a misnomer? Maybe. If so, “Wild, Wild West”
News From The Final Frontier
I don’t especially enjoy writing about SpaceX. I went through the motions on IPO day
Hikes Would Only Guarantee Cuts As Fed ‘Perpetually Beholden To Equities’
Everyone’s favorite sell-sider gets it. By “it” I mean the rationale for casting a wary
Meanwhile, In South Korea…
I suppose I’d be remiss not to mention a watershed moment from the wild, wild
10 Years, Seven Prime Ministers
And it was going so well! That’s sarcasm. It wasn’t going well. Not at all
The Other Kind Of ‘Boom’
With the (hardly insignificant) caveat that as long as margins remain elevated and corporates sustain
It’s Hot, Kevin
The macro docket’s pretty light in the US this week, where that means the only
Boom Looping
The war with Iran’s likely to cost American taxpayers more than $1 trillion, according to
Weekly: The Man Who Said Too Little
I imagine (I hope) this has occurred to someone other than me, but just in
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