The ‘Waller Doctrine’ And The History Of First Cuts
The past six weeks were defined by growing conviction in Fed rate cuts. Although that
The past six weeks were defined by growing conviction in Fed rate cuts. Although that
“It’s quiet. Too quiet,” as the old cliché goes. As the new week dawned, some
On Tuesday, BofA’s Savita Subramanian made the case for S&P 5,000 in 2024. Suffice to say
In the latest edition of the Weekly, I suggested the unofficial consensus is still that
They were buying stocks over the last week. Equity sentiment inflected for the better this
In the latest installment of his popular weekly “Flow Show” series, BofA’s Michael Hartnett leveraged
The tide appears to be turning a bit for professional investor sentiment. At regular intervals
Fund managers are more confident than ever that longer-term bond yields are headed lower. That
Market participants in the Mideast are excited about the prospects for regional growth and economic
Stocks are a bit of a sideshow right now. It’s all about bonds. Indeed, equities
2024 is an election year is the US. Maybe you’re aware. If this US presidential
Earlier this month, when the bank’s pseudo-famous “Bull & Bear Indicator” flashed a rare contrarian
“Sell the last hike.” That’s been the mantra for one of the sell-side’s most recognizable
Earlier this week, I highlighted ongoing inflows to the largest Treasury ETF amid more rates
The greatest risk of all is a disorderly bear steepener. If you’re a longtime reader,
It’s time to “nibble.” That’s according to BofA’s Michael Hartnett who, despite what sometimes feels
Who’s going to buy all the bonds?! Shrieked the audience. Although there’s still no firm
Did you hear? Bonds could be set to offer “equity-like” returns in 2024. I’m serious.
What if they had a selloff and nobody sold? That seems like a bizarre proposition,
The “view” from where BofA’s Michael Hartnett is sitting goes something like this. “Still bearish risk
Interest rates have “reset to a ‘higher-for-longer’ regime.” That’s according to Goldman’s Praveen Korapaty, who
Rates (and bond yields and financing costs for homes) may seem high to you, but
I’ve been irreverent at times about the yield curve as a recession predictor. I instinctually
“Relentless” is probably too strong, so I’ll use “persistent” instead. Given the persistent rise in
I was skeptical of the so-called “Wile E. Coyote” moment narrative for the US economy. “Was,”
The Lord giveth and the Lord taketh away. It was just a week ago when
Pretty much every week, someone writes in to ask about the alleged disparity between the
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