Pay No Attention To The Burning World
Global markets were generally mixed Thursday as traders pondered a calendar littered with event risk,
Global markets were generally mixed Thursday as traders pondered a calendar littered with event risk,
The good news is, US equities managed a rousing session Wednesday, helping to allay fears
By now, you know the story — or at least you should. If value, as
“The strong rise in equities from the March trough, coupled with bullish options positioning, makes
Week after week, it’s the same story: investors’ appetite for corporate credit is insatiable. Although
“Way” back on May 16, I wondered if Donald Trump would gamble 20% of the
On Thursday, investors received a decidedly unwelcome reminder that stocks can (and will) occasionally fall,
The legislature is suffering from a particularly acute bout of paralysis, above and beyond the
In what certainly felt like a combination of capitulation and forced buying, US equities accelerated
A few weeks back, I documented the extent to which Wall Street is preparing for
“[You’re] going to feel pretty stupid if you’re holding cash”, Ray Dalio famously said, in
August payrolls, due Friday, could mark the last of the “easy” jobs reports, and thereby
An inegalitarian rally for an inegalitarian nation. That encapsulates a theme I’ve employed frequently in
With some lawmakers in Washington seemingly unconvinced that the economic situation facing Main Street is
Predictably, market participants (both carbon-based and otherwise), chased headlines around a phone call between Bob
It’s a broken record, but squaring financial asset prices with reality is becoming an increasingly
“Sometimes you have to make them feel the heat if they don’t see the light”,
“We intend for this package of tariff reductions to mark just the beginning of a
I’d be remiss not to point out that the political circus in the US took
Last week, initial US jobless claims fell below 1 million for the first time since
There was talk Wednesday of a “trimmed down” stimulus plan in Washington, where Democrats and
Under heavy political fire, postmaster general (and Trump donor) Louis DeJoy promised on Tuesday to
If you’re searching for a reason to fret about US equities perched at record highs
The US kicks off the new week mired in another political crisis. “Alarmingly, across the
A couple of weeks back, I mentioned that China would likely need to take steps
“The big surprise under a Democratic sweep would be a rally”, BofA’s Savita Subramanian wrote
“If there is one part of the narrative that leaves me feeling naked and afraid,
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