Is China Panicking Over Weak Yuan?
The Chinese yuan — you know, the managed currency that’s going to supplant the currency
Explaining The ‘Strangest’ Thing Albert Edwards Has Ever Seen
SocGen’s Albert Edwards saw something this week he couldn’t believe. “Normally when interest rates rise,
Jobless Claims Fall, Philly Prices Spread Plunges To Most Negative Ever
The US labor market isn’t cracking. Initial jobless claims fell to 228,000 in the week
Tesla, Netflix Mark Unofficial Start To Big US ‘Tech’ Earnings
Wednesday marked the unofficial start of big “tech” earnings in the US, as Tesla and
Was Q2 ‘As Bad As It Gets’ For Goldman?
“Corporate activity and capital formation are core to our financial system,” David Solomon said Wednesday,
Melting Up To 4700?
As you might’ve noticed, US equities are demonstrating an unshakable propensity to melt up into
Goldman Had An Interesting Quarter
Headed into Q2 results Wednesday, it was just a matter of how bad Goldman’s report
Spring Binge Building Gave US Home Construction A Hangover
The boom in US home construction abated a bit in June, data released on Wednesday
In The UK, A Rare Glimmer Of Inflation Hope
Believe it or not, the UK delivered some incrementally good news on inflation Wednesday. Consumer
Pros Versus Amateurs
Is there a sentiment disparity between professional and individual investors into the summer equity rally?
$650 Billion Is Still Bearish. Sort Of.
For all the talk of a “FOMO”-driven equity rally, plain old fear is still more
Donald Trump Is No Victim
Donald Trump on Tuesday informed the 5.71 million unfortunate souls who wittingly subject themselves to
McElligott Flags Potential For ‘Very Large’ Vol Control Selling
A consistent, reliable buyer of equities could morph into a seller going forward. And it
US Retail Sales Miss, But Control Group Doubles Estimates
US retail sales rose less than expected in June, data out Tuesday showed. The figures,
Upbeat Outlook Helps Offset Morgan Stanley’s ‘Meh’ Quarter
Morgan Stanley delivered Q2 results that underwhelmed on Tuesday. The second quarter began with “subdued
BofA Results Clear Bar. Trading Strong Again
Big bank earnings continued to roll in on Tuesday, when Bank of America delivered a
Worst-Case Liquidity Outcome Averted. But Risks Remain
There’s still a ~$1 trillion question hanging over markets: How much Treasury issuance will ultimately
JPMorgan Stays Bearish As Goldman Again Cuts US Recession Odds
Goldman on Monday cut the subjective odds they assign to a US recession. Again. The
The Dollar: It’s Complicated
There was a lot of talk last week about a purported regime shift for the
Morgan Stanley’s ‘Buy Any Dip in Bonds’ Call
Two weeks after taking Bill Dudley to task on his suggestion that the worst isn’t
What The Nasdaq 100 Special Rebalance Means For Investors
Overconcentration is one of 2023’s key themes amid an epic rally in the same handful
Putin ‘Terminates’ Grain Deal. Ukraine Blows Up His Bridge Again
It’s not safe on the Kerch Strait Bridge. For the second time in less than
Chinese Economy Underwhelms As Struggles Continue
It’s fair to suggest a sense of fatalism has set in among investors regarding the
Noisy Quiet Period
I wouldn’t call this week’s US data docket inconsequential, but it’d certainly be fair to
Landing Gear
I don’t love the narrative that says Fed policy is unduly loose based on the
What Happens To ‘Excuseflation’ When There’s No Excuse?
Lost in the euphoria around the slowdown in consumer price growth and apparently imminent producer
Where To Now For King Dollar?
This week’s most important market story was doubtlessly the dollar, which fell the most in
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