Mike Wilson Not Impressed By Stock Rally
Equities will have to try a little harder (and probably a lot harder) if they
Goldman Called The Bond Rally. Here’s What The Bank Says Now
There’s room for US Treasury yields to fall further, but the floor’s higher now than
Can The ‘Everything Rally’ Continue? McElligott Weighs In
Stocks are a bit of a sideshow right now. It’s all about bonds. Indeed, equities
All Eyes On Bonds
The data docket is mercifully sparse across the world’s largest economy this week. That’s a
Buffett’s McDuck Vault Now Holds $157 Billion
The Berkshire acolytes will have to forgive me: There’s too much going on in the
Stocks And The 2024 Election: An Early Preview
2024 is an election year is the US. Maybe you’re aware. If this US presidential
Is The Treasury Squeeze Over?
The “everything rally” is back in the US. As discussed at length in the latest
Ghost Town
Downtown is small as cities go. There are no proper skyscrapers, but two respectably large
Did Janet Yellen Just Deliver ‘The First Rate Cut’?
Ahead of this week’s all-important Treasury refunding announcement, Nomura’s Charlie McElligott suggested Janet Yellen might
Doves’ Dreams Come True In October Jobs Report
The US economy added 150,000 jobs in October and hiring was slower than initially reported
US Services Sector Cooperates In Further Boon To Inflation Fight
It was only fitting that the last of this week’s deluge of top-tier US macro
BofA’s Hartnett On Oil, Santa Rally Odds
The absence of an escalatory crude rally in the presence of the Israel-Hamas war is
Money Funds See Second-Largest Inflow Since March
Money market funds saw their second-largest inflow since March’s regional bank drama in the week
Apple Results: Good Enough?
Apple on Thursday reported a fourth consecutive quarter of negative sales growth. Revenue of $89.5
Powell Again Falls Victim To Fed’s ‘Extreme FCI Reflexivity’
Jerome Powell this week re-learned a lesson taught time and again over the course of
Is This Bond Bounce For Real?
Early last month, during a fleeting rally for the otherwise beset US long-end, I called
Albert Edwards Weighs In On BoJ, ‘Bonkers’ US Fiscal Policy
Albert Edwards isn’t optimistic about… well, anything really, but this week he’s concerned about America’s
A Dovish Hat Trick?
US investors were treated to a dovish hat trick on Thursday, when data showed productivity
BoE Sticks With Innovative ‘Confused Hold’ Strategy
As expected, the Bank of England kept rates on hold Thursday for a second consecutive
‘Persistent’
Jerome Powell was asked on Wednesday if, and to what degree, the recent selloff at
The One Word That Matters In The New FOMC Statement
The Fed kept rates on hold Wednesday, as widely expected. There was no chance of
De-Dollarization Is Happening! On Social Media.
Lots of aggressive tweets with little to show for it. Story of our time, right?
US Labor Market Remains A Riddle
US job openings once again frustrated economists expecting evidence of labor market normalization. There were
Clouds Around US Manufacturing Darken
Bring out the recession predictions. America’s marquee gauge of manufacturing activity deteriorated meaningfully in October,
Treasury Heeds Term Premium With Coupon Caution
Treasury got the message, apparently. The term premium spoke, and at least someone was listening.
Never Again
I don’t know how many people are dead in Gaza. The body count is kept
Ex-Bridgewater Investment Chief Sees 10 More Years Of US Equity Dominance
Every few years, a new cohort of investors stumbles across recycled narratives touting the end
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