‘Even For Him’
As expected, the US House on Saturday passed legislation barring the postal service from operational
37%: A FAAMG Story
On Saturday morning, I characterized the market as being defined by what amounts to “one
The Bubble That Never Pops (It’s Been One Trade For Half A Decade)
“We are in a deep recession, yet the stock market has completely blown it off”,
‘Extremely Highly Confident’
“We intend for this package of tariff reductions to mark just the beginning of a
Value(less)
It was only “right” that the week should end with another day of outperformance for
After The Election, Whither King Dollar?
The dollar was on track for a weekly gain Friday, as the greenback rose in
‘Now Booming’: US Economy Gets Good News As Slow Week Grinds To A Close
At least the PMIs are holding up. Following disappointing data out of Europe, where the
In Europe, ‘Fragility’ And ‘Doubt’ Creep Into Data
The European recovery narrative, already under siege from an increasingly disconcerting uptick in coronavirus cases,
Temple Of Doom
I’d be remiss not to point out that the political circus in the US took
Top-Heavy, ‘Trillionaire’ Tech Rally Draws Jeers Ahead Of Big Gamma Roll-Off
Here we go again. It’s probably fair to say that the pro-cyclical rotation witnessed earlier
What’s Next For An Over-Leveraged Corporate America?
Much has been made over the past several months about the impact of massive debt
Certainly, Certainly Not
Two doesn’t make a trend, I suppose, but coming as it does after a miss
Fed Didn’t ‘Exacerbate Moral Hazard’ With Treasury Market ‘Intervention’, Fed Finds
By The New York Fed (via Liberty Street Economics) In response to disorderly market conditions
Jobless Claims Jump Back Above 1 Million In Bitter Disappointment
Last week, initial US jobless claims fell below 1 million for the first time since
‘What’s Not There’
The problem with the July Fed minutes is “what’s not there”, one rates trader said
Fed Minutes Sketch Contours Of Inflation Framework Change, New Forward Guidance
If the Fed was hoping to stoke inflation expectations as part of a broader effort
$2 Trillin: A Job(s) Well Done
The astounding surge in US stocks from the pandemic lows hit in late March marked
Morgan Stanley Has ‘Good News And Bad News’ On Central Bank ‘Dominance’
Are central banks all that matter? Or, as Nomura’s Charlie McElligott wondered late last month,
Target CEO: Correlation Not Causation When It Comes To Free Money And Shopping
“It’s hard to understand what’s going to happen next week, let alone three or four
Decay, Dollars, And Downward Spiraling Death Stars
There was talk Wednesday of a “trimmed down” stimulus plan in Washington, where Democrats and
While Rome Burned
Under heavy political fire, postmaster general (and Trump donor) Louis DeJoy promised on Tuesday to
Walmart To Washington: When The Free Money Ran Out, The Spending Dropped
“Stimulus was definitely impactful to the consumer in the second quarter, and we’re watching what’s
‘Two Weeks Of Calm’ And What’s Next For Stocks, Bonds, And Gold
The last two weeks of August will likely witness stabilization in the US rates space
51% Later, Half-Trillion In AUM Admits We’re Probably In A Bull Market
It took a while, but participants in BofA’s closely-watched Global Fund Manager survey finally acquiesced.
Just When You Thought It Was Safe
New coronavirus cases in Germany jumped the most since April, underscoring fears that Europe is
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