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Have The Hyper-Scalers Lost Their Minds?

November 2, 2026November 2, 2026
  • Apple Sets A Bunch Of Records. Misses In China

    November 2, 2026November 2, 2026
  • Debbie Downers Amid The Renaissance

    November 2, 2026November 2, 2026
  • Sell-Side Sarcasm: New And Improved!

    November 2, 2026November 2, 2026

Markets

Weekly: The Leveraged Buildout (Speculative Gravity Control)

October 31, 2026November 2, 2026
  • The Problem, In A Nutshell…

    October 30, 2026November 2, 2026
  • What’s What And WTF?

    October 30, 2026November 1, 2026
  • Oil, Dammit!

    October 30, 2026November 1, 2026
  • My Goodness: Amazon Spent Some Money

    October 29, 2026October 31, 2026

economy

Polls, Projectiles And Payrolls

November 1, 2026November 2, 2026
  • ‘Remains Elevated’

    October 29, 2026October 30, 2026
  • Boom!

    October 29, 2026October 30, 2026
  • Dissembling Strategery

    October 28, 2026October 29, 2026
  • Frozen Bubble

    October 27, 2026October 28, 2026

Geopolitics

Let’s Talk Blue Waves

November 1, 2026November 2, 2026

Lagarde Versus Le Pen?

October 29, 2026October 30, 2026

The Tragic Irony Of The Israeli State

October 28, 2026October 29, 2026

Duly Noted

An ARM And A Leg

October 28, 2026October 30, 2026

Not Since 1969…

October 22, 2026October 24, 2026

Read Elizabeth Warren’s New ‘Gradual Implementation’ Plan For Medicare For All

November 15, 2019November 15, 2019

Now there’s a timeframe for “adjustment”.

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1 Comment on Read Elizabeth Warren’s New ‘Gradual Implementation’ Plan For Medicare For All

‘Extraordinarily Poor Judgment’: Trump’s Real-Time Witness Intimidation Of Yovanovitch Goes Down Like Lead Balloon

November 15, 2019November 15, 2019

“Well, it’s very intimidating”.

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1 Comment on ‘Extraordinarily Poor Judgment’: Trump’s Real-Time Witness Intimidation Of Yovanovitch Goes Down Like Lead Balloon

Marie Yovanovitch In Opening Statement: ‘Shady Interests The World Over Learned How Little It Takes To Remove A US Ambassador’

November 15, 2019

“This will soon cause real harm, if it hasn’t already”.

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Leave a Comment on Marie Yovanovitch In Opening Statement: ‘Shady Interests The World Over Learned How Little It Takes To Remove A US Ambassador’

‘This Will Determine Our Future’: Watch Ray Dalio Talk Possible ‘Capital War’ Between US, China

November 15, 2019November 15, 2019

“I don’t like the word ‘war’ – rather than ‘negotiations'”.

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Trump Praises Smokin’ Hot Ukrainian Women In Pointless ‘Memorandum’ Of First Zelensky Call

November 15, 2019November 15, 2019

“When I owned Miss Universe, they always had great people”.

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MAGA Manufacturing Renaissance Stuck In Neutral, As ‘Sluggish’ Empire Gauge Meanders To A Miss

November 15, 2019

Optimism is “restrained”. 

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1 Comment on MAGA Manufacturing Renaissance Stuck In Neutral, As ‘Sluggish’ Empire Gauge Meanders To A Miss

Headline Retail Sales Rebound From September Slide, But Ex-Autos Print Falls Short

November 15, 2019

Offsetting, perhaps.

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1 Comment on Headline Retail Sales Rebound From September Slide, But Ex-Autos Print Falls Short

‘A Very Severe Blow’: Hong Kong Careens Towards First Annual Recession Since Crisis

November 15, 2019November 15, 2019

You can’t paper over anarchy with fiscal measures. 

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China’s ‘Surprise’ Friday Liquidity Injection Draws Yawns As Bazooka Seen Holstered

November 15, 2019November 15, 2019

No urgency – yet.

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Trump Takes Tax Fight To Supreme Court

November 14, 2019November 15, 2019

Perhaps the real question in all of this…

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2 Comments on Trump Takes Tax Fight To Supreme Court

‘This Isn’t Whatever-It-Takes’: Analyst Who Called Funding Squeeze Not Blown Away By Fed’s Longer-Term Repos

November 14, 2019November 14, 2019

“We’re prepared to continue to learn and adjust”.

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Leave a Comment on ‘This Isn’t Whatever-It-Takes’: Analyst Who Called Funding Squeeze Not Blown Away By Fed’s Longer-Term Repos

Even In A ‘Mild-Recession Scenario’, Buybacks Will Provide Plunge Protection For The S&P

November 14, 2019November 14, 2019

“Still double the long-term average”.

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1 Comment on Even In A ‘Mild-Recession Scenario’, Buybacks Will Provide Plunge Protection For The S&P

2nd US Official Heard Key Trump-Sondland Call; Pelosi Says Trump Makes Nixon Look Good

November 14, 2019

“I know nothing about that”.

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1 Comment on 2nd US Official Heard Key Trump-Sondland Call; Pelosi Says Trump Makes Nixon Look Good

After The (Duration) Purge…

November 14, 2019November 23, 2019

Cue a backtest.

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Erdogan, Lindsey Graham Got Into ‘Heated’ Argument In Oval Office Over iPad Video

November 14, 2019November 14, 2019

“Well, do you want me to go get the Kurds to make one about you?”

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5 Comments on Erdogan, Lindsey Graham Got Into ‘Heated’ Argument In Oval Office Over iPad Video

Hong Kong Shares On Brink Of Bloodbath As ‘Fake’ Curfew News Adds To Angst In Horrible Week

November 14, 2019November 14, 2019

Chaos reigns.

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Germany Just Dodged A Recession. And That Means You Can Kiss Your Fiscal Stimulus Hopes Goodbye

November 14, 2019November 14, 2019

The “black zero” fiscal policy is likely to hold.

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2 Comments on Germany Just Dodged A Recession. And That Means You Can Kiss Your Fiscal Stimulus Hopes Goodbye

China’s October Activity Data Misses Across The Board, While Japan’s Economy Decelerates Sharply

November 13, 2019

More uninspiring (and unwelcome) data to undermine the optimism.

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Is The Min Vol Bubble Bursting?

November 13, 2019November 23, 2019

It’s now just a matter whether the bubble merely deflates, or actually bursts in earnest.

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8 Comments on Is The Min Vol Bubble Bursting?

Only ‘Friendly’ Questions Were Allowed At Trump, Erdogan Press Conference

November 13, 2019November 13, 2019

“I hear it’s a joke”.

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1 Comment on Only ‘Friendly’ Questions Were Allowed At Trump, Erdogan Press Conference

US-China Trade Talks Hit Pothole Over Purportedly ‘Easy’ Farm Purchases

November 13, 2019November 13, 2019

Everyone knew it was coming…

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3 Comments on US-China Trade Talks Hit Pothole Over Purportedly ‘Easy’ Farm Purchases

Bill Taylor Reveals New Information In First Day Of Public Impeachment Hearings

November 13, 2019

“President Trump cares more about the investigations of Biden”.

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2 Comments on Bill Taylor Reveals New Information In First Day Of Public Impeachment Hearings

Jay Powell, Treasonous ‘Bonehead’, Calls Trump’s Negative Rates Idea ‘Certainly Not Appropriate’

November 13, 2019November 13, 2019

Oh well!

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1 Comment on Jay Powell, Treasonous ‘Bonehead’, Calls Trump’s Negative Rates Idea ‘Certainly Not Appropriate’

$574 Billion In AUM Pretty Sure Stocks Will Outperform Everything In 2020

November 13, 2019

That FOMO feeling again.

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2 Comments on $574 Billion In AUM Pretty Sure Stocks Will Outperform Everything In 2020

Nomura’s McElligott: ‘Now Comes The Hard Part’

November 13, 2019November 23, 2019

“The easy money has been made”.

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Jerome Powell Takes A ‘First, Do No Harm’ Approach In Prepared Remarks To Congress

November 13, 2019November 13, 2019

Careful! Don’t break anything.

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1 Comment on Jerome Powell Takes A ‘First, Do No Harm’ Approach In Prepared Remarks To Congress

Mixed CPI Report Leaves Powell With Blank Canvas In Congressional Hearings

November 13, 2019November 13, 2019

That could be good or bad.

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1 Comment on Mixed CPI Report Leaves Powell With Blank Canvas In Congressional Hearings

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Monthly Letters

The Arbitrageur

October 29, 2026October 29, 2026

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

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