Weak Breadth, Broadly Expensive: Stocks See Worst Of Both Worlds
It’s been tempting recently to write off or otherwise dismiss stock buoyancy as the product
Ungrateful Dollar Users Should Be Careful What They Wish For
I’ll confess to being a bit vexed by the idea that the US is expected
One More Time: It’s Not QE
It isn’t QE. “It” is a reference to the latest increase in the Fed’s balance
Cartel Business
OPEC+ managed to engineer a modest spike in crude prices after blindsiding markets with a
Manufacturing Contraction — The Good Kind
If you were looking for a dovish macro print to support any “last hike” hopes
Do US Stocks Have A Demand Problem?
If a string of US bank failures and the near collapse of Credit Suisse were
OPEC+ Shocks With Surprise Output Cut At Delicate Juncture
I’m always amused by references to “assurances” from OPEC or, more recently, OPEC+. OPEC is,
Good News, Bad Banks And The Dollar
The dollar is coming off its worst month since November, when a cooler-than-expected CPI report
With Banks ‘Stable,’ Traders Look To US Jobs Report
With the US banking system in stable condition thanks to a $150 billion per week
Credit Monitor: Bank Drama Dents IG Supply, But Returns Recover
Thanks to high drama in the financial sector, US investment grade supply was lower than
Deposit Flight And More Fed Hubris
If only it weren’t stale. Admittedly, I had a hard time getting excited about the
Goldman Sees No 2023 Upside For Stocks Despite Likely Fed Pause
Fed officials would prefer it if you’d countenance another 25bps rate hike — one for
‘Systemically Important Tech’ Caps Blockbuster Quarter
Earlier this week, I penned an obligatory nod to the new “bull market” in big-cap
The Entertainment Business
Regular readers know I’m usually the very last person to employ Warren Buffett quotes (indeed,
No Bank Panic In Michigan Poll. But Recession Vibes Unmistakable
A trio of bank failures had “limited impact on consumer sentiment” this month, Joanne Hsu,
Bear Stearns Or LTCM? Fate Of Stocks Depends On The Answer
Buyer beware? This is a challenging moment for investors attempting to discern whether a long-in-the-tooth
US Inflation, Spending Data Cooperates. For Now
Core inflation using the Fed’s preferred gauge rose less than expected last month from January,
$14 Hershey Bars
If you, like me, have noticed that the price of certain impulse buys in the
At Least It’s Not Getting Worse, Analysts Say, As Fed Borrowing Stabilizes
Liquidity needs in the US banking sector are still elevated. That was apparent from another
Indictment Day
Donald Trump was indicted Thursday by a 23-member special grand jury in Manhattan. Over several
Money Market Magnet Attracts $5.2 Trillion
Money market fund assets ballooned to a new record over the last week, closely-watched data
Beware The Latent Surge In Jobless Claims
Just take the money! It’s free! If I were a financial advisor (I’m not), that’s
My Correlation Is Broken. What Do I Do?
I’ll confess to being a bit concerned by the ongoing incredulity exhibited by stewards of
A New Tech Bull Market?
The Nasdaq 100 is in an ostensible bull market. Maybe you heard. I say “ostensible”
Poor Revisions And A Wide Disparity
The final read on Q4 US GDP found the government revising core PCE price growth
Evan Gershkovich Is In Trouble With Vladimir Putin
I hate to put it this way, honestly I do, but I don’t see much
This Productivity Boom Is Brought To You By Skynet
It’s AI’s world, we just live in it. Or at least that’s the impression you’d
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