Determined Hawks, Ambivalent Bulls
Markets felt all at once tense and disinterested following what it was fair to call
Markets felt all at once tense and disinterested following what it was fair to call
Although key PMI readings out of the US this week do have the potential to
The Fed desperately needs a break from hot US economic data. Monday’s large upside surprise
How much did systematic re-leveraging matter for the rebound in US equities from October through
I’ve spent quite a bit of time opining on both the re-rating in US equities
If you read the weekly (it’s in your inbox, and it’s also here), you probably
When I talk about “brave new markets,” I’m generally referring to market microstructure in general,
It’s always an open question whether flows follow performance or vice versa, but the prospect
The “structural shift” discussion as it relates to long run rates in a new macro
Notwithstanding tentative signs of exhaustion over the past two weeks, the story of 2023 in
When you spend nearly two years minting scores of overnight millionaires, you shouldn’t be terribly
I’ve spent quite a bit of time lately on the r-star discussion. It’s important, and
Over the past week, quite a bit of digital ink was spilled editorializing around the
Equities are an “untradeable mess.” That’s apparent to anyone trying to trade them. The maddening
There are two key pillars to the Fed’s inflation-fighting campaign, and they’re related. First and
Headed into the new week, there was a “building hot inflation whisper.” Speculation around an
The range of possible policy outcomes is expanding in the US. I assume this is
It’s been a week since the combination of a blockbuster US jobs report and a
It’s a junk rally! Not in high yield (well, there too now that you mention
I have some potentially distressing news for those who might’ve gone all-in on the notion
Investors are getting “drawn in.” So said JPMorgan’s Mislav Matejka on Monday. “Drawn in” has
August 10, 2024 The first full week of August was a stretch to remember.
Last year, Nomura’s Charlie McElligott suggested that every session had become its own self-contained narrative
Goldman is raising their near-term S&P target. Or perhaps it’s more apt to say they’re
Some unlucky folks on the buy-side might be trapped in a “doom loop” with little
If you’re looking for “signs of greed,” BofA’s Michael Hartnett sees one. He probably sees
Does the Fed have a credibility crisis? Before you answer, let me give you the
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