Money Market Fund AUM Soars. BTFP Usage Jumps In Last-Gasp
Another week, another sizable inflow to money market funds. And another new AUM record. Money
Are Investors Ditching Gold To Buy Bitcoin?
Gold recently hit a record high. So did Bitcoin. Which to own? Decisions, decisions. One’s
Why Stocks No Longer Care How Many Times The Fed Cuts Rates
Of all the purportedly puzzling dynamics bedeviling market participants in their belabored efforts to makes
Hot Producer Prices, Cool Retail Sales Send Fed Mixed Message
Producer price inflation across the world’s largest economy overshot and US retail sales came in
Yellen, Neutral, MicroStrategy And Bitcoin
Janet Yellen said something interesting this week. “It seems unlikely that yields are going to
Wall Street’s Biggest Bull Shines Spotlight On AI ‘Virtuous Cycle’
In the course of doubling and tripling down on what counts as the most bullish
Twinkle, Twinkle Little Stars
Is monetary policy in the US (or in any other major, advanced economy for that
There’s A Bear In The Office
“So, welcome aboard! Oh, and by the way: You’re not going to convince Albert. Don’t
Corporate Debt Boom Blows Up Another Bear Narrative
Remember the maturity wall panic? That was another bear narrative popularized in 2022 and 2023.
In Japan, A Monetary Moment Of Truth Draws Near
Big things are happening in Japan. The ground’s shifting. And not because of any earthquakes.
Charlie McElligott’s Unified Theory Of Everything
If you’re wondering why the risk-asset rally feels inexorable on most days — why the
Markets And The People Who Forecast Them
For what it’s worth — which could be a lot if the last several months
Asking Rents Jump Amid ‘Very, Very Difficult’ US Housing Situation
Earlier this month, during his testimony on Capitol Hill, Jerome Powell said the US housing
Inflation Report Hard To Square With Rate Cuts
Underlying US consumer prices increased more than expected in data released on Tuesday, again imperiling
Jamie And The Flood
Nearly two years ago, at a conference sponsored by AllianceBernstein, Jamie Dimon delivered a weather
Kolanovic Sees ‘Rally Exhaustion’ While Subramanian Says Bull Market ‘Has Legs’
JPMorgan analysts led by Marko Kolanovic are undeterred in their defensive model portfolio allocation. If
Did You Hear? The Short Vol Trade’s Back
The short vol trade’s back. Did you hear? You did?! That must mean you’re a
Inflation Expectations Jump Third-Most Ever In Fed Poll
Americans’ inflation expectations rose last month, according to the new vintage of the New York
It’s All Relative: Magnificent 7 ‘Not Overvalued,’ One Bank Says
Is the “Magnificent 7” overvalued? If you’re exhausted with that query, you’re not alone. I’m
One Bear, Two Words
“Ambiguity.” It’s pervasive. So said Morgan Stanley’s Mike Wilson on Monday, describing the macro-market backdrop.
Is The BoJ About To Spoil Japan’s Record-Setting Stock Rally?
Japanese equities have had a good run. And that’s an understatement. An entire generation of
It’s Not The Economy, Stupid. Not This Time
“As you can see, I’m African American.” So said a kindly gentlemen sitting next to
All Eyes Turn To US Inflation Report With Rate Cuts On The Line
Come one, come all! “Super users” and novices alike! It’s CPI week in the US.
‘Magnificent 7’ Performance Has Never Been This Uneven
Market commentary often treats the so-called “Magnificent 7” as a monolith. This year, it’s anything
Riding The Bubble
By the end of jobs week in the US, market participants were still asking the
Windfalls And Pitfalls
There’s no respite for bears. Headed into the US jobs report, there were any number
Global Equity Inflows Strongest In Two Years Amid Rally
Equity-focused ETFs and mutual funds saw a seventh week of inflows amid what some describe
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