The ‘Controversial’ Stock Narrative That Isn’t Controversial
US equities are again vulnerable to “accelerant” flows which could exacerbate directional moves. It’s a
US equities are again vulnerable to “accelerant” flows which could exacerbate directional moves. It’s a
In the aftermath of Jerome Powell’s overtly hawkish address in Jackson Hole, markets are compelled
Earnings, and particularly forward estimates, were the proverbial next shoe to drop. And then, suddenly,
Appropriately, the pre-Labor Day trade in the US will be all about the US labor
Well, he did it. Or at least he tried. And, most importantly, it was obvious
Jerome Powell isn’t likely to do the “one thing” that could durably tighten financial conditions.
Following an impressively durable summer rally aided and abetted by systematic flows and squeeze dynamics,
At a certain point, you run out of creative hyperbole. Such is the case with
The volatility expansion window is now open. The question is whether discretionary investors look to
“Peak inflation” may be upon us (in the US, anyway), but the relief for markets
It’s “Ok, what now?” time. Both for equities and the economy. The summer stock rally
“Apocalyptic.” That’s how one popular strategist described the latest PPI print out of Germany, the
“Everyone is bearish but no one has sold stocks,” BofA’s Michael Hartnett said, in the
Rally skeptics abound. I suppose that goes without saying. I’m not particularly fond of the
During last month’s policy deliberations, “many” Fed officials voiced some concern around the risk of
It’s certainly tempting to cite the “peak inflation” narrative and attendant expectations for an incrementally
The inflation left-tail risk may be “dying out.” That was one message from Nomura’s Charlie
Does the equity rebound have legs? It’s probably time we stop asking that in favor
If you’re looking for a reason to worry (and who isn’t, right?) you might consider
This is a pretty tough spot to be in if your job is to make
August can be an unruly beast for markets. The seasonal is daunting and liquidity is
In a sea of Fata Morganas, at least one trade was better than chasing ghosts.
Fade it at 4,200. That’s still the mantra for some strategists convinced the nascent rebound
For weeks, 4,200 on the S&P was bandied about by some top-down strategists as a
If you ask Mary Daly, a slowdown in the US labor market is “completely worth
Fed officials put market participants on notice this week: There was no “dovish pivot” from
“The Fed is in an incredibly uncomfortable position,” Nomura’s Charlie McElligott said Tuesday, amid a
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