The ‘Big Low’
The “big low” isn’t in. That’s the overarching (and all too familiar) message from one
‘They Just Kept Coming’: VaR Event Rocks Rates
Although it wasn’t obvious to anyone for whom equity benchmarks are all that matters, Friday
US, Europe Both Risk Imminent Recession, Surveys Suggest
A gauge of US services sector activity tumbled into contraction territory for July, suggesting the
Putin Sinks Uniper
Uniper, Olaf Scholz said Friday in Berlin, was experiencing “great difficulty” from Germany’s gas crisis.
Bond Bulls And Banana Republics
As regular readers know all too well, I harbor something that looks (and feels) quite
Microsoft May Hold Keys To ‘Yikes Pain-Trade Rally’
Charlie McElligott’s spidey sense is tingling. US equities and volatility rose simultaneously for two consecutive
Layoffs And Another ‘Since The 70s’ Moment
I’m not sure I’d call it “cause for concern,” but initial US jobless claims rose
ECB Exits NIRP, Unveils ‘TPI’ On Irony-Laden ‘Whatever It Takes’ Anniversary
The ECB hiked rates for the first time in more than a decade Thursday and
S&P Stunner: 60% Of Families Won’t Be Able To Afford A Home
Bad news: The American dream may be unreachable. That was the overarching message from S&P
Nobody Can Afford Anything
Jesus, Seth. Listen, if you really wanna do this with your life you have to
Bad News Just Keeps Piling Up For US Housing Bubble
Another day, another data point (or two) to suggest the previously red-hot US housing market
Run Money, Run
We’re an excitable species. Especially when it comes to money, a god of our own
Searching For Lehman. Finding Civil Unrest
Lehman! GFC! Dot-com! LTCM! Lions, tigers and (especially) bears. “Oh, my!” From time to time,
Mood Check: ‘Everything Is Better Than Feared!’
“Traders bet the bottom is in,” one mainstream financial media outlet declared on Tuesday afternoon,
House(s) Of Cards
US housing starts fell more than expected in June, data out Tuesday showed. Last month’s
The Next $20 Billion In Systematic Stock Buying
“Active managers have generally moved to the sidelines [leaving] inelastic model-based players and passives chasing
Remember: Slower Hiring Is Actually A Good Thing
There are too many unknowns to embolden dip-buyers. That was one generic explanation offered early
Who You Gonna Believe, Economists Or Those Lyin’ CEOs?
When it comes to forecasting, no year is a truly good year for economists. And
‘Make No Mistake’: Popular Strategists Warn Against Complacency
“Make no mistake, we don’t believe this bear market is over,” Morgan Stanley’s Mike Wilson
‘Priced Out’: Builders Fret As Reality Sets In On US Housing Bubble
In a development that should surprise exactly no one, homebuilder sentiment plunged this month to
‘What If The Future Isn’t So Tidy?’ McElligott Asks
Reduced to the basics, market participants harbor a somewhat binary outlook on inflation and monetary
Goldman Trades Its Way Through ‘These Challenging Markets’
“We delivered solid results in the second quarter as clients turned to us for our
BofA Enjoys 22% NII Boost, Debit Card Spend Hits Record High
Bank of America delivered a characteristically “meh” set of results on Monday. Revenue of $22.7
‘Very Unusual’ Times
“Very unusual-looking.” That’s how one rates strategist described the trajectory of the implied path for
Awaiting ‘Proper Capitulation’
A tsunami of corporate earnings will wash over markets in the weeks ahead. Generally speaking,
Quiet Please
It’s all housing on the data front in the US this week, and with Fed
Bête Noire
A few days ago, a reader suggested the Fed, having woefully miscalculated while appraising both
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