Joe Biden Has A Netanyahu Problem
Joe Biden has a Benjamin Netanyahu problem. As most readers are doubtless aware, an aid
Sentimental Steepener
Shorter-maturity Treasurys staged a pretty meaningful rally into the weekend following a lackluster read on
A Few Quick Thoughts On Crypto As ‘Winter’ Thaws
Fed cuts (or, more accurately, the expectation thereof later this year) are “sparking animal spirits.”
Two Surveys Diverged In A Star-Spangled Wood
There was some hope that this week’s final US macro release would suggest America’s manufacturing
Eurozone Inflation Loiters As ECB Ponders Cut Timing
Inflation in the eurozone was a bit quicker than expected in February, data released on
Money Market Fund AUM Soars To Staggering $6.06 Trillion
US money market funds saw their second-largest inflow of 2024 in the week to February
The Vol Regime In Six Easy Bullet Points
Stocks are reluctant to hold a selloff. In fact, we’re back in a regime where
As 2024 Rally Rolls On, Traders Hear Echoes Of 2021
“Stay bullish.” That’s the message from a lot of people. From anyone you care to
About That Inflation Data…
The Fed’s preferred gauge of consumer price growth in the US matched estimates in hotly-anticipated
Results Pending
The rebound in existing US home sales during the first month of 2024 may prove
Making Do With Euphoria
With two months in the books, 2024’s been generous to equity bulls. Both big-cap US
Sinners And Saviors
“I’m not asking you to play savior here. Just $500 to pay the electric bill
Trump Completes GOP Conquest As Mitch McConnell Abdicates
Mitch McConnell’s a lot of things, but naive isn’t one of them. And naive right
‘Egregiously Expensive’ Stocks Shouldn’t Keep You Up At Night, Subramanian Says
The S&P 500’s “egregiously expensive.” That’s the bad news. The good news is, you shouldn’t
Spending Quicker, Inflation Warmer, US GDP Revisions Show
Inflation was a little warmer, spending a little quicker and overall growth a little slower
Marko And The Mortals, Revisited
If you’ve been bearish (or “cautious” or “defensive”) in the face of a rally that’s
‘An Incredibly Surprising Result’
I’ve been on (and on and on) about the extent to which windfall interest income
Trump Mythos Renders Biden’s Economic Reality Meaningless
Janet Yellen says Joe Biden saved the world. “Over the past year, global growth has
Expensive Houses, Falling Confidence
US home prices are rising at the briskest annual rate since November of 2022 and
The Fed Put’s Alive And Well
Last month, I spent some time editorializing around a 2024 outlook piece which echoed many
I Gotta Have More Magnificent 7
I might’ve mentioned this last week. I honestly can’t remember. And no, any recollection failure
One Bank Asks: Is The Tech Ecosystem Now Its Own Asset Class?
People are beginning to ask some — how should I put this? — interesting questions
New Home Sales Meander Amid Intractable American Housing Conundrum
New home sales in the US rose at just half the expected pace in January,
Strategy For A Crucial, All-Important Week
New week, same debates. The sparse color on offer Monday trod familiar ground as traders
Magic Sauce
I probably shouldn’t have read Warren Buffett’s annual letter. It only reminded me of the
Is Nvidia Surge A ‘Blow-Off Top?’ If So, What’s Next?
Are we witnessing a “blow-off top” in equities? To answer that, we have to define
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