Right Tail Only, Please
By now, most market participants with more than a passing interest in the day-to-day goings-on
Don’t Mention Politics
All eyes turned to the Fed Wednesday. That’s what I was supposed to write. In
Housing Is A Bubble. No Point In Denying It Now
Home prices are a lot like input price gauges these days — just as you
You Need Us
The reflationary vibes were discernible Tuesday, as 10-year breakevens pushed up against 2.4% (second figure
The American Consumer Is Absolutely Excited
Consumer confidence breezed past estimates in April, the Conference Board said Tuesday. The headline gauge
Let’s Talk Tesla, Bitcoin And ‘Risk Management’
I didn’t plan to dwell on this, mostly because it was entirely predictable, but I’d
The Cost Of Doing Business (With Archegos)
Archegos lives! Vicariously, through losses logged by banks, I mean. UBS said Tuesday it expected
Cabin Fever
Folks seemed agitated Monday. As if COVID cabin fever might finally be metamorphosing into irritation
Mind Games
It’s a broken record, yes, but it’s also a tautology: There’s a lot of uncertainty
Beyond Peak Growth
It’s becoming a familiar refrain: US growth is peaking. Purely from a “feel” perspective, that
A Trio Of Summer Risks (And Banker Vacation Backlogs)
For most, if not all, of the 12 months since the initial US lockdown, Morgan
Mixed Or Muted
Sentiment was mixed or muted (pick your favorite nebulous adjective) to kick off a week
Crisis Hotline (And Forget The Pay-Fors)
As expected, the international community is mobilizing to assist India, where COVID cases have spiraled
Inflection Points
Traders and investors came into the new week staring down a formidable slate of data
India Needs Help. Now
Last month, BofA’s closely-watched Global Fund Manager survey revealed that for the first time since
Junk Just Keeps Notching Records
The first quarter of 2021 was the busiest ever for US junk sales. Almost $150
Wealthiest Americans May Sell Some Stocks
A few minutes after Bloomberg lit up traders’ screens with headlines touting a doubling of
Sound And Fury
US equities were worried about a burgeoning humanitarian crisis in India on Monday and Tuesday.
Ultra-Rich To Prosperous Americans: We’ll Speak For You
One of the (many) advantages to living amongst people who fall into what I described
The Great Tapering? (Oh, How Quaint)
If the flow of central bank purchases matters more than the stock, asset prices may
Cruel Biden Tax Plan Causes ‘High Anxiety’ For 0.3% Of Filers
The prospect of higher taxes is likely to permeate discussions around US equities in the
US Economy ‘Firing On All Cylinders’
There was more good news on the economic front in the US on Friday. IHS
This Is News, By God. And You’ll Trade It As Such
Man and machine were aggrieved Thursday at the prospect that wealthy versions of the former
Oh, No! Higher Capital Gains Taxes For The Wealthy!
Lengthy editorializing (on my part) around the latest weekly jobless claims figures proved accidentally prescient
Albert Edwards Isn’t Retiring. And Nothing Matters Anymore
Valuations seemingly don’t matter. I’m talking about equities, of course. While the contention that traditional
Jobless Claims And Two Kinds Of Porsche Shoppers
A week after diving to a new pandemic-era low, US jobless claims… well, they dove
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