Bear Humbug
Bears could still be right, God bless ’em. After all, the year’s not over yet.
Bears could still be right, God bless ’em. After all, the year’s not over yet.
Money market funds saw their first outflow in two months in the week to December
The great thing about 4% or 5% on term deposits and federal money market funds
As you might’ve noticed, the bond rally — already one of the more impressive in
Headed into the December FOMC meeting, there was some (ok, a lot) of chatter to
Headed into the final FOMC meeting of 2023, there was a bull market in allegations
On a number of occasions over the past — I don’t know — call it
This time last month, US financial conditions, as measured by various Wall Street gauges, were
The past six weeks were defined by growing conviction in Fed rate cuts. Although that
The animal spirits are stirring. That’s according to BofA’s Michael Hartnett who, in the latest
Despite the ongoing rally at the long-end of the Treasury curve (which was risk asset
Two months ago, the US long-end couldn’t sustain a bid to save its life and
A SOFR spike! Who’s excited?! I don’t know how much attention this’ll garner among casual
“It’s quiet. Too quiet,” as the old cliché goes. As the new week dawned, some
It’s rational to ask if asset prices are destined to buckle under the weight of
What a difference five weeks makes. The one-two-three punch of a conciliatory nod to the
It’s hard to overstate the significance of the apparent tone shift from the Fed regarding
“Simply put, this fattens the right-tail of the US economic soft landing scenario,” Nomura’s Charlie
During the three-month selloff in US equities from August to October, AUM growth for ETFs
If you have even a passing interest in markets, macro and monetary policy (and if
If you’re searching for the quintessential manifestation of the macro-policy about-face behind November’s “everything rally”
Headed into this week, there was some consternation that Monday’s 20-year sale would evidence the
In the latest edition of the Weekly, I suggested the unofficial consensus is still that
Nobody wants the bonds! That’s sarcasm. It’s fair to say the oversupply panic that typified
The top question now for markets is whether traders and investors are jumping the gun
If you’re wondering just how much of the financial conditions tightening impulse seen from late-July
Fund managers are more confident than ever that longer-term bond yields are headed lower. That
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