US Retail Sales Plunge Ahead Of New ‘Stimmy’ Surge
Last month, the market was treated to a flaming hot read on US retail sales,
Last month, the market was treated to a flaming hot read on US retail sales,
It’s “awfully early” for this discussion, and BofA’s Michael Hartnett readily admits as much —
Tech just can’t get out of its own way. Or, more aptly, bonds just won’t
If you go by TLT, bonds are in a bear market. The widely-followed long-end product
US equities skirted what could have been another sizable weekly loss thanks to a manic
Apparently undeterred by the bond tantrum and accompanying equity jitters, investors poured a sizable $22.2
The US economy added 379,000 jobs in February, the government said Friday. Economists were expecting
Some were “undaunted” by the second week of losses for US equities, which finally seemed
The equity rally is the greatest-of-all-time, the V-shaped macro recovery is the greatest-of-all-time, [and] the
If you listen closely, you can hear the questions asking themselves. After a dozen years,
What did I say on Wednesday? To tell you the truth, I don’t remember —
Investors are taking higher than normal risks. Maybe you noticed. But, if you couldn’t glean
There was quite a bit of taper tantrum talk Tuesday, as US yields hit the
A dozen years of “money printing” and debt monetization created a lot of things, but
Is this the top you’re looking for? Maybe. Equities just witnessed their largest inflow on
“Hedge fund deleveraging ‘events’ spur central bank liquidity and sometimes massive rallies [or] bubbles,” BofA’s
There are plenty of lingering questions on Wall Street and not a lot of answers
One of the most ridiculous weeks in recent memory ended with a flourish, as US
If you ask Goldman, stocks probably aren’t a “bubble” — or at least not at
Earlier this week, I expressed some consternation at the frequency with which the word “bubble”
“DC’s policy bubble [is] fueling Wall Street’s asset bubble,” BofA’s Michael Hartnett wrote, in the
Joe Biden assumes the presidency with a daunting task vis-à-vis markets or, perhaps vis-à-vis markets’
All in, apparently. 73% of investors who answered the “early-cycle” versus “recession” question in the
The pro-cyclical rotation finally came. For years, fleeting bouts of outperformance from perennial laggards (e.g.,
Joe Biden’s stimulus proposal “is a big package,” the Boston Fed’s Eric Rosengren said Friday.
Everything’s a bubble. That’s a refrain you’ve probably heard quite a bit lately. Admittedly, it’s
“We’ll know if it’s a bubble by the end of Q1,” BofA’s Michael Hartnett wrote,
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