Zohran Mamdani’s Not Crazy, The Rest Of Us Are
I have no interest in debating New Yorkers about the merits of a Zohran Mamdani
US Services Activity Heats Up. Price Index Is Sky-High
If you’re looking for recession canaries, you won’t find them in the marquee measure of
Treasury Tweaks Coupon Auction Guidance First Time Since Yellen
For the first time since Janet Yellen inaugurated conciliatory language to placate an irritable market
Coy Labor Market Leaves Fed Divided
Private sector employers in the US added more jobs than expected in October, this week’s
In US Housing, Turnover’s Never Been Lower
America’s resale housing market remains woefully — perennially, even– beset. Closings have managed just a
The Underappreciated Impact Of Leveraged Stock ETFs
Occasionally, you’ll see a mainstream financial media article about leveraged ETFs, but such pieces are
Another Froth Chart
Did you hear? There’s a bubble afoot. The financial media’s all over it. Michael Burry
Shiller! Bubbles! Burry!
Ted Pick says “We should welcome the possibility [of a] 10% to 15% drawdown” in
Virtuous Circle Or Rehypothecation?
Another session, another circular AI deal. If this all implodes one day — you can
Bullish Stocks, Bearish Life
I wish I were a Pollyanna. Really I do. Whenever I pen something that’s constructive
33 Out Of 36
The first of this week’s key US macro updates suggested factory activity across the world’s
One Word: Strong
Earnings season in the US is going well. Maybe you noticed. Specifically, 82% of companies
It’s Jobs Week In The US, BLS Or No BLS
In the days ahead, an assemblage of private sector US macro releases will give traders
Fed Succumbs To Polarization Plaguing America
Jerome Powell wasn’t exaggerating last week when he said there were “strongly different views” on
Weekly: The AI Spending Question
Now we’re supposed to believe investors are newly skeptical of AI spending. Just not at
Buffett’s Cash Pile Hits New Record At $382 Billion
It’s a Berkshire weekend. They always sneak up on me. Ol’ Warren (and “ol’” isn’t
War With Venezuela Has Nothing To Do With Cocaine
Donald Trump’s probably going to bomb the Venezuelan mainland. By the time you read this,
They’re Selling The Gold!
They’re selling gold. Or at least they were. Sun-colored metal headed into Friday down two
The Gen Z Put
I can’t. Ok, I can, but it’s really, really hard. Suffer Wall Street strategists’ pretensions
Amazon Hits The Trifecta, Apple Stokes Holiday Optimism
Amazon topped estimates in results released after the bell on Thursday. Total revenue in Q3
Where To Now?
I don’t love Mag7 reporting days. Or maybe I should say Mag6 reporting days. Tesla’s
Never Mind That Mushroom Cloud
“I guess, on [a] scale from zero to 10, I would say the meeting was
Europe’s Doing Ok, All Things Considered
ECB meetings are non-events these days and will be for the foreseeable future. Long story
Alphabet Has ‘Terrific’ Quarter. Spending Eyed At Meta, Microsoft
“Terrific.” That’s one word to describe the quarter Alphabet just had. Or at least that’s
‘Far From A Foregone Conclusion’
There was one overarching takeaway from Jerome Powell’s press conference on Wednesday afternoon in the
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