BofA Says Buy Geopolitical Dips As Russia Talks Nuclear Armageddon
For a supposedly “efficient” discounting mechanism, stocks often appear oddly oblivious, particularly to geopolitics. If
JPMorgan Warns Of Summer Selloff Redux
Headed into this month, investors were running higher stock exposure than they were last summer,
Mike Wilson Gets A Win
Mike Wilson nailed it. Or as much as you can nail it after sitting out
How Corporate America Will Spend $3.7 Trillion In 2024
Cash! You have some. Now what do you do with it? If you’re a household,
Chamberlain Or Churchill?
“Put those damn flags away,” 34-year-old Anna Paulina Luna sneered, as Democrats waived miniature Ukrainian
US GDP, Inflation Update In Focus As Fed Goes Quiet
It’d be too much to suggest a pivotal week looms for macro watchers, but market
The ‘En Masse’ Market Cash-Out In Perspective
I’m not sure I’d call it an “en masse cash-out” — as one mainstream financial
Second-Order Thinking
When you think about the likely evolution of Fed policy for the remainder of 2024,
Take The Win
Eight hours later, details around what, exactly, transpired in Iran early Friday remained scant, which
Is The Selloff Finally Here?
It’s clear enough that previously “oblivious” equities reached the limit this month in terms of
Israel Strikes Iran, Pushing Mideast To The Brink
Less than a week after intercepting an unprecedented barrage of drones and missiles launched by
Reserves Plunge, Money Funds Hit With Exodus On Tax Payments
I hesitate to offer a money market fund flows update this week for what I
Netflix Delivers Another Big Subscriber Beat, Will Stop Reporting Key Metric
The bar was high for Netflix headed into Q1 results this week. The stock was
Our Currency’s Still Your Problem
“The USD ‘wrecking ball’ is again the world’s problem,” Nomura’s Charlie McElligott said Thursday. A
US Home Prices Scale New March Record As Affordability Crisis Spirals
Existing home sales retreated as expected in March, snapping a two-month run of gains. That’s
Albert Edwards Says China’s Deflation Problem Needs More Attention
If you ask SocGen’s Albert Edwards — a man who knows a thing or five
The ‘Radical’ Economic Theory Taking Markets By Storm
Earlier this week, a reader asked for my opinion on a “heretical” notion: The idea
They Rang A Bell
I say this all the time and now seems like a good time to reiterate
Kolanovic, Fund Managers Share Bullish Commodities View, Bond Caution
They’re loving commodities these days. The bonds, not so much. “They” are fund managers. Specifically
Highest Mortgage Rates Of 2024 May Be Pulling Demand Forward
Earlier this week, while editorializing around what I (maybe hyperbolically, maybe justifiably) described as an
6% Services Inflation Vexes UK As Sunak Looks For ‘Feel-Good’ Rate Cuts
Sticky inflation’s not just a US problem. Services sector price growth in the UK remained
Powell Insists Fed Policy’s ‘Restrictive.’ Critics See A Man In Denial
The tedium of central banker soundbites on Tuesday was a bit grating. I wouldn’t call
Plunging Cash Levels Sound Alarm For Suddenly Shaky Stock Rally
Don’t look now, but fund manager cash levels are on the brink of triggering a
‘Fully Bully’ Fund Managers, Optimistic IMF Defy ‘Gloomy’ Global Prophecies
Fund managers were the most bullish in more than two years early this month. Just
Awful New Construction Data Underlines Enduring US Housing Dilemma
The US housing market remains stuck in a kind of limbo. The pace of new
Bank Of America’s Traders Boast Best Quarter In Years
Bank of America on Tuesday turned in decent results that beat where it counted, although
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