Albert Edwards And The ‘Wholly Unexpected’ Recession
Earlier this week, in “2018 Redux?“, I talked a bit about a possible parallel between
Rarely Seen In The Wild: A $2.5 Billion IG Exodus
For the first time since the unprecedented exodus that accompanied the onset of the pandemic,
What To Make Of Another Jobs Letdown
Although it seems unlikely that September’s jobs report was bad enough to delay a taper
‘Challenging To Interpret’ Jobs Report Posts Huge Miss
The US economy added just 194,000 jobs in September, the government said Friday. It was
China Comes Back From Holiday, Fines Meituan Half-Billion
Chinese shares rose Friday as the mainland came back online after the holiday. There was
Full Faith And Credit
Markets were pleased to learn that US lawmakers haven’t yet crossed into whatever circle of
The ‘Final Nails In The Selloff’s Coffin’?
It goes both ways. Several weeks back, I attempted to emphasize that although dynamics associated
The (Literal) Coal Mine Canary
Risk appetite returned Thursday, as a variety of key macro risks receded. For now, anyway.
Jobless Claims Snap Out Of It
326,000 Americans filed for unemployment benefits last week, fewer than expected. The 38,000 decline from
Late Stage Democracy
A day ahead of payrolls Friday, US equities looked to build on momentum from Wednesday’s
2018 Redux?
When assessing what a prospective down-trade for US equities into year-end might look like, 2018
Marko Kolanovic Predicted The Energy Crisis. Here’s What He Says Now
JPMorgan’s Marko Kolanovic doesn’t obfuscate. One hallmark of Kolanovic’s missives is a penchant for stating
Warning: Buying The Dip Just Failed
“Meaningful setbacks.” That’s how BofA’s equity derivatives team described recent stumbles for US stocks, which
Private Sector Hiring Robust In September: Magic 8-Ball
US private sector employers added 568,000 jobs in September, ADP said Wednesday. That was considerably
‘Just Ridiculous’: The Energy Crisis Realizes
Markets remained jumpy Wednesday as higher yields and rapidly rising energy prices kept traders on
Failed Leaders. Allegedly
Right on cue, Elizabeth Warren assailed Jerome Powell again on Tuesday. Powell has “failed as
Clean Up On Aisle Vol
“Vol tends to collapse under its own weight,” Nomura’s Charlie McElligott wrote Tuesday, as US
Services Sector Anecdotes Are Broken Record
It’s the same story over and over again, I’m afraid. The world’s largest economy is
Is A Fed Shakeup The Most Underappreciated Risk?
Amid a veritable whirlwind of macro concerns and all manner of flashy Facebook headlines, the
‘Quite The Perfect Storm’
The angst was palpable Tuesday, even as markets somehow felt more resilient than they should
Amid Selloff, Biden Reassures: ‘A Meteor Is Headed For Our Economy’
“We have an energy crisis, supply chain issues, higher inflation, signs of weaker growth and
Highly Combustible
Well, it wasn’t terribly difficult to write the copy on Monday. OPEC, in its infinite
Can Retail Dip-Buyers Rescue Stocks From Q4 Correction?
Over the weekend, I trudged into the macro rough after a drive aimed at a
If You’re Buying, Evergrande Is Selling
The new week began with a smattering of stagflation headlines and news that Guangdong-based Hopson
The Most Convoluted Macro Environment Ever
You’ve probably heard it before, and you’ll doubtlessly hear it again: It’s the rapidity of
Key Risks As Earnings Season Approaches
I doubt seriously that anyone needs to have the risks enumerated for them again, but
The Final Jobs Report Before The Taper
September payrolls will get top billing in the US this week, while equities look to
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