US Wage Growth Still Scorching As ADP Beats
US private sector employers added 242,000 jobs in February, ADP said Wednesday. That was more
US Revolving Credit Rises 22nd Month To Record $1.22 Trillion
Revolving credit in the US hit a new record high in January, data released on
Partisans And Demagogues
If you’ve seen one day of congressional testimony from Jerome Powell, you’ve seen them all.
Bassman Compares ‘Team Transitory’ To Reckless Gamblers
A Commentary by Harley Bassman (Twitter: @ConvexityMaven) Family lore suggests that my great Aunt
Fed Suffers Another Setback As Used Car Prices Jump
There was more bad news on the disinflation front Tuesday, and you could plausibly suggest
US Believes ‘Pro-Ukrainian Group’ Behind Nord Stream Explosions
Now it was an unnamed “pro-Ukrainian group.” The unsolved mystery of sabotage on the Nord
Powell Says May Need Faster Hikes. Terminal Rate Likely Higher
The Fed is ready to re-accelerate the pace of rate hikes if necessary, Jerome Powell
The Most Important Canary For Corporate Profits?
There’s a historic ravine between reported earnings and cash flows in the US, and it
Beijing Cranks Up Rhetoric As US Turns Screws
Geopolitical rancor was on the menu Tuesday, familiar fare to be sure. In his first
Clumsy RBA Messaging Raises Risks For Indebted Australian Households
“Global inflation remains very high,” the RBA said Tuesday. “It will be some time before
Goldman Says US Housing Upturn Probably Head Fake
Recent macro data out of the US economy was too much of a good thing.
Kolanovic Warns On Stocks As JPMorgan Sees ‘Boiling Frogs’
The fundamental outlook for risk assets is challenging. One strong week for stocks (let alone
Stocks, Bonds One Dovish Catalyst Away From Squeeze
Bonds and stocks could both be set for a squeeze in the event recent economic
Fate Of Bear Market Rally Hangs On Two Things
When Mike Wilson turns tactically (and relatively) constructive on equities, you might be inclined to
How Much ‘Extra’ Money Is Out There?
How much did “extra” liquidity matter for the rally in equities from the October lows?
Wilson Pivots, Says Stock Rally May Continue. For Now
Mike Wilson has seen enough. For now, anyway. US equities may manage to sustain a
6% Or Higher Rates Possible On Hot US Spending: Goldman
What if the world’s largest economy refuses to decelerate? That’s the $26 trillion question looming
Market Ponders ‘Radically Different’ Rate Paths At Fed Crossroads
Last month’s dramatic hawkish repricing across the US rates complex found traders fading the odds
Traders Eye Big Week As Powell, US Jobs, Central Banks Loom
It’s a big week for the US economy. Crucial jobs data will be a verdict
What To Make Of China’s ‘Low’ Growth Target
There were three general takeaways from what I described as China’s “cautious” growth target for
China Comes Out Cautious With 2023 Growth Target
Better to under promise and over deliver I suppose. China on Sunday set what it
US Plan To Establish China Investment Curbs Imminent
Early last month, I sketched the contours of a Biden administration plan to restrict American
No End Seen To America’s High-Stakes Inflation War
Where does it end? That’s the question now for market participants warily (and wearily) eyeing
Fed May Need To Torch $30 Trillion To Tame Inflation
The Fed’s credibility problem is beginning to grow again. And no, I don’t mean the
2023’s Exodus From US Stock Funds Nears $40 Billion
I felt compelled Friday to pen a quick update on the equities flow story in
‘Year Of The Bond’ Meme Powers $30 Billion Treasury Inflow
2023 was supposed to be the “year of the bond.” The thesis behind that mantra
Inflation Is Embedded In The US Services Sector
Friday’s hotly-anticipated read on the state of the US services sector was good, but it
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