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Featured

The Problem, In A Nutshell…

October 30, 2026
  • What’s What And WTF?

    October 30, 2026October 30, 2026
  • Oil, Dammit!

    October 30, 2026October 30, 2026
  • My Goodness: Amazon Spent Some Money

    October 29, 2026

Markets

Alphabet Whiffs, Microsoft Hits

October 28, 2026October 29, 2026
  • Mona Lisa’s Smirk

    October 28, 2026October 29, 2026
  • F-ck You, Claude (Zen)

    October 27, 2026October 28, 2026
  • Around, Around We Go

    October 27, 2026October 28, 2026
  • Anthropic: The Promise, The Numbers, The Risks

    October 26, 2026October 27, 2026

economy

‘Remains Elevated’

October 29, 2026October 30, 2026
  • Boom!

    October 29, 2026October 30, 2026
  • Dissembling Strategery

    October 28, 2026October 29, 2026
  • Frozen Bubble

    October 27, 2026October 28, 2026
  • It’s All Relative

    October 27, 2026October 28, 2026

Geopolitics

Lagarde Versus Le Pen?

October 29, 2026October 30, 2026

The Tragic Irony Of The Israeli State

October 28, 2026October 29, 2026

Lula!

October 26, 2026October 27, 2026

Duly Noted

An ARM And A Leg

October 28, 2026October 30, 2026

Not Since 1969…

October 22, 2026October 24, 2026

Meet Janet Yellen, Chief Risk Officer, Planet Earth

February 7, 2021February 11, 2021

Market participants are going to be seeing quite a bit more of Janet Yellen for

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11 Comments on Meet Janet Yellen, Chief Risk Officer, Planet Earth

The ‘Revolution’ Robinhood And Reddit Are Looking For Happened Years Ago

February 7, 2021February 8, 2021

“Robinhood investors’ evident lack of skill in aggregate is consistent with commission-free investors behaving as

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13 Comments on The ‘Revolution’ Robinhood And Reddit Are Looking For Happened Years Ago

Elon, Dogecoin And Markets Gone Mad

February 6, 2021February 8, 2021

The world has clearly lost its mind. There are any number of phenomena I could

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19 Comments on Elon, Dogecoin And Markets Gone Mad

GameStop And ‘The Value Of Nothing’

February 6, 2021February 12, 2021

In a Bloomberg Opinion piece this week, Nir Kaissar wrote that “GameStop’s stock [isn’t] unusually

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2 Comments on GameStop And ‘The Value Of Nothing’

A Dip Worth Buying (Apparently)

February 5, 2021February 6, 2021

I’m not sure I’d call it a “dip,” but everything is relative in a world

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3 Comments on A Dip Worth Buying (Apparently)

‘Tremors’ And The ‘Inevitable’ Aftershock Rally

February 5, 2021February 7, 2021

“Hedge fund deleveraging ‘events’ spur central bank liquidity and sometimes massive rallies [or] bubbles,” BofA’s

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Leave a Comment on ‘Tremors’ And The ‘Inevitable’ Aftershock Rally

Under The Hood Of A Bad Jobs Report

February 5, 2021February 9, 2021

If nothing else, the January jobs report was poised to amplify calls for additional virus

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3 Comments on Under The Hood Of A Bad Jobs Report

Jobs Report Disappoints, As Hype Proves Misguided

February 5, 2021February 20, 2021

The US economy added 49,000 jobs last month, the first nonfarm payrolls report since Joe

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3 Comments on Jobs Report Disappoints, As Hype Proves Misguided

‘Doing Something Very Significant About It’

February 5, 2021February 8, 2021

After some 15 laborious hours of the Senate mired in vote-a-rama, Kamala Harris on Friday

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7 Comments on ‘Doing Something Very Significant About It’

Harley Bassman Presents: The White Swan

February 4, 2021February 5, 2021

The Black Swan is a metaphor that describes an event that comes as a surprise,

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8 Comments on Harley Bassman Presents: The White Swan

‘Stop Messing Around And Give People Their Money’

February 4, 2021February 5, 2021

On the eve of the first jobs report since Joe Biden assumed the presidency, US

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1 Comment on ‘Stop Messing Around And Give People Their Money’

Albert Edwards: The Reflation Trade May Be About To Unwind

February 4, 2021February 5, 2021

Point, counterpoint, I suppose. The reflation narrative is making a comeback after taking a brief

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5 Comments on Albert Edwards: The Reflation Trade May Be About To Unwind

Nomura’s McElligott On The Comeback Of The Reflation Narrative

February 4, 2021February 9, 2021

Just a few weeks back, it appeared as though the reflation trade and the pro-cyclical

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3 Comments on Nomura’s McElligott On The Comeback Of The Reflation Narrative

Jobless Claims Fall Third Week, Bolstering Happy Narrative Shift

February 4, 2021February 7, 2021

Jobless claims fell a third consecutive week in the US, bolstering the glass-half-full narrative. 779,000

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1 Comment on Jobless Claims Fall Third Week, Bolstering Happy Narrative Shift

BOE: Prepare For The Negative Rates We’re Not Going To Implement

February 4, 2021February 4, 2021

Markets looked for direction Thursday and found little in the way of guidance until the

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8 Comments on BOE: Prepare For The Negative Rates We’re Not Going To Implement

What’s Bigger Than The Oil Market And Roars Like A Kitty?

February 3, 2021February 4, 2021

If you were wondering whether public interest in January’s historic penny stock fiasco had dwindled

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1 Comment on What’s Bigger Than The Oil Market And Roars Like A Kitty?

The Problem With The Russell 2000

February 3, 2021February 4, 2021

It made an already precarious situation worse. That’s one way to describe the knock-on effect

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2 Comments on The Problem With The Russell 2000

As Volmageddon Anniversary Approaches, Is Good News Bad News Again?

February 3, 2021February 5, 2021

As absurd as it sounds coming at a time when the US labor market is

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3 Comments on As Volmageddon Anniversary Approaches, Is Good News Bad News Again?

The Good, The Bad, And The Inflationary

February 3, 2021February 4, 2021

Services activity was more robust than anticipated in January, according to ISM. At 58.7, the

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Leave a Comment on The Good, The Bad, And The Inflationary

Decent ADP Suggests December Jobs Debacle May Abate

February 3, 2021February 3, 2021

Private US firms added 174,000 jobs in January, ADP said Wednesday. That’s good news to

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1 Comment on Decent ADP Suggests December Jobs Debacle May Abate

‘Whatever It Takes.’ Again. Again.

February 3, 2021February 6, 2021

Global equities pressed higher, buoyed by earnings and the prospect (or is it just a

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2 Comments on ‘Whatever It Takes.’ Again. Again.

Jeff Bezos To Rule Planet Under Different Title Starting In Q3

February 2, 2021February 6, 2021

Amazon turned in an impressive set of results on Tuesday after the closing bell on

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4 Comments on Jeff Bezos To Rule Planet Under Different Title Starting In Q3

Lingering Roadblocks

February 2, 2021February 4, 2021

Lip service to bipartisanship aside, the White House is not enamored with the notion of

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6 Comments on Lingering Roadblocks

WallStreetBets Helps $3.1 Billion Hedge Fund Make $200 Million

February 2, 2021February 5, 2021

Last month was a good one for retail investors long GameStop and AMC, either outright

Read More

2 Comments on WallStreetBets Helps $3.1 Billion Hedge Fund Make $200 Million

You’re Drunk, WallStreetBets. Go Home

February 2, 2021February 8, 2021

On a number of occasions over the past week, I’ve alluded to the distinct possibility

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5 Comments on You’re Drunk, WallStreetBets. Go Home

As Gravity Comes For Reddit Trades, Market’s Focus Shifts

February 2, 2021February 3, 2021

The pain trade for stocks is probably higher. And by “stocks,” I mean real stocks.

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1 Comment on As Gravity Comes For Reddit Trades, Market’s Focus Shifts

Europe Stares Vacantly At Double-Dip Recession

February 2, 2021February 2, 2021

In news that, unfortunately, market participants hooked on get-rich-quick schemes won’t care too much about,

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Leave a Comment on Europe Stares Vacantly At Double-Dip Recession

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Monthly Letter

  • The Arbitrageur

Recent Comments

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  • George Ponderevo on The Arbitrageur
  • NY Jeff on Oil, Dammit!
  • John3D on The Problem, In A Nutshell…

Monthly Letters

The Arbitrageur

October 29, 2026October 29, 2026

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

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