‘Magnificent 7’ Crowding Conjures Memory Of Epic Dollar Crash
It’s all about the “Magnificent 7” and market concentration. Bubble talk abounds and the prospect
It’s all about the “Magnificent 7” and market concentration. Bubble talk abounds and the prospect
Fund managers are the most bullish in two years. That was one, among many, takeaways
We’re far enough into 2024 to start talking about YTD “trends” in equity fund flows.
Last year, bearish positioning was “markets’ best friend.” In 2024, by contrast, positioning is poised
Did you watch Jerome Powell’s 60 Minutes interview? If not, don’t fret: It was only
I always hesitate to say this or that “bothers” me. Because that’d be disingenuous. There
It’s barely February and US equities are up 4% in 2024 already. Coming off a
The price action in 2024 suggests we’re either coming out of a recession or in
There’s no shortage of key events for markets and traders this week, but the most
We all know the narrative: Inequality worsened materially as a result of the monetary policy
Investors were buying emerging market stocks over the last week. A record $12.1 billion flowed
I employ the phrase “interminable malaise” at fairly regular intervals, often in the context of
The “easy money has already been made in bonds,” one mainstream financial media headline published
How long before the most aggressive rate-hiking campaign in a generation finally bites corporates? It’s
Things are going quite well for US equities. Perhaps you noticed. The S&P hit a
The S&P 500 hit a new record on Friday. Some readers (most, I hope) will
January’s price action is “sloppy,” but no one’s especially enthusiastic about fighting the Fed. That
Congratulations to Beijing. China hit its growth goal for 2023 despite Xi Jinping’s best efforts
And the biggest driver of equity prices in 2024 will be — drumroll — the
“It’s not possible for us not to respond to these operations.” That accidentally (and tragically)
Equities and bonds meandered rudderless into the weekend following a spate of inconclusive data out
Just two things matter for asset prices, BofA’s Michael Hartnett reminded investors, in the first
If the seven-week stock rally put Wall Street’s more bearish top-down equity strategists behind the
Fund manager sentiment is the least bearish in nearly two years, according to one bank’s
It’s dangerous to count chickens. That was one message from Austan Goolsbee, who regaled CBS’s
Of all the questions that loom large for 2024, few are more pressing for market
If the Fed cuts rates in 2024 with core inflation above the unemployment rate, it’d
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