Inflation Demon Resurfaces As Consumer Psychology Deteriorates
The inflation demon isn’t yet fully exorcized from the US economy. University of Michigan sentiment
McElligott Explains How ICBC Hack Might’ve Impacted Long Bond Sale
As the keen among you have surely surmised by now, the optically awful 30-year sale
Goldman Unveils Top Global Investment Themes For 2024
Earlier this week, Goldman unveiled their macro outlook for 2024. Suffice to say the bank’s
Princes And Emirs
Market participants in the Mideast are excited about the prospects for regional growth and economic
Money Fund AUM Hits New Record. RRP Drops Below $1 Trillion
Money market funds took in another $17 billion in the week to November 8, data
Powell Reiterates Fed ‘Not Confident’ Rates Are High Enough
Headed into Jerome Powell’s speaking engagement on Thursday, some market observers (myself among them) suggested
Déjà Vu Strikes In Rough Long Bond Sale
A tail at Thursday’s 30-year auction was all but a foregone conclusion. The long bond
Is $1.1 Trillion In Credit Card Debt Finally Catching Up To Americans?
Americans have quite a bit of credit card debt. Maybe you heard. Maybe you even
Where Are Stocks Most Vulnerable To Recession?
What’s the most vulnerable segment of the market? That depends on your macro outlook, but
‘Just No Need For A Recession’: Goldman Delivers Optimistic 2024 Macro Outlook
Goldman is pretty optimistic about global growth and (dis)inflation in 2024. That was the overarching
Albert Edwards Conjures Milton Friedman In Warning Of 2024 Bust
“Is the big surprise for 2024 going to be a cyclical deflationary bust?” Readers can
For Bears, Another Frustrating Turn
It’s been a frustrating year for equity bears. The earnings recession was supposed to be
Treasury Rally Survives Week’s Key Event Risk
All eyes were on bonds this week following the sharp rally which turned November’s first
How Much ‘Extra’ Cash Is Left Out There?
How much “extra” cash is out there? That question is a fixture of the post-pandemic
Dicey Oil Eyed As Demand Canary
Things were looking dicey for crude mid-week. I mentioned previously that the “powder keg” premium
Mortgage Rates Plunge. Share Of Homes With Price Drop Hits Record
Fed officials, including Jerome Powell at last week’s post-FOMC press conference, have repeatedly cited elevated
Rally Risks
“The stocks” are probably due for a breather. US shares came into Jerome Powell’s speaking
The ‘Golden Path’
Fed officials trafficked in colorful language on Tuesday while describing recent events and opining on
Into And Out Of The New ‘Everything Rally’
On the heels of an exceedingly unfortunate three months during which both equities and bonds
CTAs ‘Poleaxed’ In Rates Rally, But Big Short Cover Still Distant Prospect
Those of you old enough to remember March may recall that the fireworks surrounding SVB’s
It Ain’t Over Till It’s Over
I hope we’re not all supposed to get upset every time a central banker expresses
‘The Day After’
Indefinitely. If you’re wondering how long Israel plans to administer martial law in Gaza once
Powder Keg Premium Disappears From Crude
Oil managed to find its footing at the beginning of the week amid escalating turmoil
Inconvenient Facts
Antony Blinken wrapped up a hectic tour of the Mideast on Monday with a stop
Key Fed Survey Suggests Marginal Improvement In Credit Conditions
Market interest in the latest vintage of the Fed’s senior loan officer opinion survey was
Kolanovic: ‘Bad News Is Good News’ Zone May Be Quite Narrow
“The ‘bad news is good news’ zone may be quite narrow,” JPMorgan analysts led by
US Small-Caps Celebrate Miserable Milestone In Never-Ending Selloff
Small-caps outperformed during last week’s raucous US equity rally, but that’s where the good news
You must be logged in to post a comment.