Bassman: This Is ‘Let Them Eat Cake’ Economics
This rhymes with our present-day financial aristocracy arguing over which First Cru French Chablis is
This rhymes with our present-day financial aristocracy arguing over which First Cru French Chablis is
“Stuff is breaking,” macro assets are chaotic and “burning,” but “goofy-ol’” stocks continue to press
Nearly three months into 2022, US equities are largely indecipherable. There’s nothing unusual about market
It’s broken. After a decade (or more, depending on what manifestation of the same general
We’re going to need a de-escalation. That’s a kind of general statement regarding the now
Back on January 14, in “Something Wicked This Way Comes,” I wrote that “it’s becoming
Sentiment was muted Tuesday, as investors searched for something to latch onto in the void
I suppose we’re witnessing a “selloff.” Maybe folks are front-running the pullback window. The reason
It’s the same story over and over again. Stability breeds instability and modern market structure
Bitcoin is volatile. That’s perhaps the only thing crypto proponents, detractors and everyone in-between can
Meanwhile, from the “things you don’t see everyday” file, TLT fell 50bps on three consecutive
Although things had an “all’s well that ends well” feel to them by Friday afternoon,
On several fronts, one could argue that uncertainty has diminished materially over the last few
If the question is whether there’s room for market participants to increase their equity exposure
“It’s almost as if it just can’t get any better than this,” one strategist told
If you ask BofA’s Michael Hartnett, the S&P is “more likely” to drop to 3,400
Some of the Fed’s critical systems went down on Wednesday. But not the ones that
Last week, as market participants pondered the potential knock-on effects from the engineered short squeeze
“From a Vol market perspective, the issue is that the VIX is broken — again,”
JPMorgan’s Marko Kolanovic grabbed plenty of headlines over the course of the pandemic, both within
Predicting the demise of 60/40 has been a fool’s errand. To be sure, it’s not
I love reading copy sometimes. Whenever the world is going to hell in a handbasket,
Blame the virus, blame lockdowns in Europe, blame positioning, or blame your favorite election narrative.
Mega-cap tech blew the proverbial doors off last week when the companies which, together, make
For a decade (at least) investors have been afforded the opportunity to “have their cake
“We need to close down again in Florida”, Rep. Donna Shalala, whose district includes Miami-Dade
“Many investors did not participate in the equity rally”.
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