Is This The First Soft Landing Base Case On Wall Street?
The US probably isn’t headed for a recession anymore. That’s according to BofA, which this
Is America’s Services Motor ‘Sputtering’?
US services sector activity expanded in July at a modest pace, data released on Thursday
Fed Gets More Good News In Under-The-Radar Macro Release
US labor productivity rose the most in almost three years in Q2, data out Thursday
BoE Hikes 14th Time. Says Inflation Will Be 2% In 2025
The Bank of England opted for a 25bps hike at the August policy meeting. Context
Key Market Takeaways From The ‘Supply Steepener’ Trade
The Nasdaq bore the brunt of Wednesday’s Fitch-inspired selloff on Wall Street, and it’s no
‘A Tree Falls In The Forest’: Wall Street Sees No Impact From Fitch Downgrade
Analysts, strategists and economists from around the country (and around the world) were compelled to
So You Don’t Want US Debt. What Are Your Options?
Exactly nobody who cared to weigh in on Wednesday believed Fitch’s decision to pull the
America Still Hiring At Breakneck Pace Apparently
For the second month in a row, ADP’s report on private sector hiring in the
The US Deserves Its Credit Downgrade
While Jack Smith was busy indicting Donald Trump on Tuesday afternoon in connection with the
Conspirators
No one seriously believes that Donald Trump is “innocent,” where innocent means he didn’t actually
Record-High Stocks Seen ‘Inevitable’ Amid Summer Drift
Equities are going nowhere and somewhere all at the same time. Summer can be drudgery
Escalator Up, Elevator Down
In “Playing The Game,” I noted that one risk to somnolent summer markets is the
Fed’s Soft Landing In Limbo After Ambiguous Job Openings Report
There were 9.582 million job vacancies across the US economy on the last business day
America’s Factory Malaise Ongoing, But No Worse
Activity in the beleaguered US manufacturing sector contracted a ninth month in July, according to
Playing The Game
The so-called “strategist short squeeze” is proceeding apace. “Capitulation by stock market bears on a
The American Consumer At A Crossroads
The rich are pretty confident in their capacity to both obtain various forms of credit
Equity Multiples ‘Too High’ With Rate Cuts ‘Elusive’: Kolanovic
Stocks trading at 20x are too rich considering the long odds of central bank rate
Fed’s Loan Officer Survey Anticlimactic. Again.
Market interest in the July vintage of the Fed’s senior loan officer opinion survey was
‘Bad Is Good’ Again, One Bank Finds
Stocks have returned to a “bad news is good news” regime. That’s according to a
Mike Wilson And The 2019 Parallel
Last week, I noted that at least a couple of sell-side strategists are keen to
Stocks Poised For New Records, Technicals Suggest
Admittedly, I’m not a guy who’s ever been enamored with technical analysis. It’s my long-standing
Europe Vexed By Intractable Stagflation
Christine Lagarde’s noncommittal approach to future monetary tightening was validated Monday by mixed top-tier data.
Is The US Macro Bear Case Dead? Yes And No.
Is there any hope left for a macro bear case around the US economy? It’s
Summer Jobs
This week won’t feel quite as crowded as last, but the data docket is nevertheless
Chasing US Exceptionalism
The “US dollar exceptionalism” narrative comes in many flavors, just like its political counterpart, “American
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