‘Extremely Stretched’ (But Bullish Nonetheless)
I recently spoke of “undeterred” investors. Despite the tumult catalyzed by volatility in rates, market
Bar Hopping & Bar Hoping
My heart may be “as cold as hockey gloves” (to quote one of the most
The Hubris Bear Market Has Arrived
US equities skirted what could have been another sizable weekly loss thanks to a manic
February Jobs Report ‘Not Good Enough’
The February jobs report came in hot Friday, suggesting the US labor market is on
The Right Direction
“The bond market is reflecting, I think, the strength that we’ve seen in some of
Who’s Boss
I’ve talked quite a bit recently about central banks’ power over markets, and especially their
US Labor Market Roars Back To Life With Blockbuster February Gain
The US economy added 379,000 jobs in February, the government said Friday. Economists were expecting
Central Planning
For a few hours in Asia, it looked like selling pressure inherited from Wall Street
Sins Of Omission
The Nasdaq careened towards correction territory Thursday, as Jerome Powell failed to assuage a market
‘Feel The Market’ Next Time, Jay
Jerome Powell’s webinar with The Wall Street Journal didn’t go well. Or at least not
Albert Edwards And Scott Minerd Agree: US Yields Could Go Negative
Do you believe we’ve “crossed the Rubicon” where that means policymakers are increasingly inclined to
High Energy
If you were already bullish on oil and maintained a bullish bias headed into this
Are We Entering A Global Tech Bear Market?
Tech shares globally are teetering. The rise in yields (especially in the US) has undercut
One Year Later, Jobless Claims Stuck Above Pre-Pandemic Record
745,000 Americans filed for unemployment benefits last week, underscoring the ongoing trials and tribulations of
Bad Liquor
“Many investors who once called themselves fans of Zhang, began to raise questions and engage
The Last Thing We Need
Joe Biden wishes “some of America’s elected officials” understood why it’s still crucial for people
‘Significant Concern’ Creeps Into Services Sector As Prices Soar
As expected, price pressures were evident in the February vintage of ISM services. The prices
Even If Everyone Spends All Their ‘Extra’ Money…
In the US, some folks (with Larry Summers being perhaps the most famous, and certainly
ADP Offers Disappointing Read On Hobbled US Labor Market
Private US firms added 117,000 jobs in February, ADP said Wednesday. I suppose this goes
Good Cheer
Risk sentiment was constructive globally, as Wednesday found European equities looking for a third daily
Patchwork News
When it comes to being “committed” to New York City, JPMorgan is “planning for the
The Wealth Tax And Our Shared Insanity
I’d describe my life as a largely stress-free endeavor. Attaining serenity wasn’t easy. At first,
Give Up, Barbarian. I’ve Got A Printing Press.
I’d be remiss not to point out how explicit the language from central banks is
Like A Lion
“March came in like a proverbial lion,” Bloomberg’s Laura Cooper wrote Tuesday. “Sure, a Chinese
Guo’s Bubbles
Tuesday’s word was “bubble” or, actually, “bubbles,” plural. Guo Shuqing, chairman of the China Banking
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