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Featured

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

‘Sudden Selloff’ Not Likely, But ‘Hedging Is Still Timely’, Goldman Says

November 13, 2019November 13, 2019

“Monitoring conditions”…

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Of Kiwis And Protesters

November 13, 2019November 13, 2019

A “most critical juncture”.

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1 Comment on Of Kiwis And Protesters

Trump Wants To Fire Intel Inspector General For Doing Too Much Inspector Generalling

November 12, 2019

“To think, I signed the Whistleblower Protection Act!”

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1 Comment on Trump Wants To Fire Intel Inspector General For Doing Too Much Inspector Generalling

Trump Has Larry Kudlow Working On Plan To Cut ‘Middle Class’ Tax Rate To 15%: Report

November 12, 2019November 13, 2019

A “simple tax message” he can campaign on. 

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7 Comments on Trump Has Larry Kudlow Working On Plan To Cut ‘Middle Class’ Tax Rate To 157: Report

Trump Administration Threatens To Veto WTO Budget, In Potentially Serious Escalation

November 12, 2019

According to people present at a regular meeting of the organization’s budget committee…

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1 Comment on Trump Administration Threatens To Veto WTO Budget, In Potentially Serious Escalation

‘Gimmie Some Of That’: Trump Says ‘Smart People’ Clap For Negative Interest Rates

November 12, 2019November 12, 2019

“I want some of that money”.

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3 Comments on ‘Gimmie Some Of That’: Trump Says ‘Smart People’ Clap For Negative Interest Rates

Jay Powell’s ‘Good Place’ Monetary Policy Sets Up Election Year Clash With White House

November 12, 2019

“Others are running circles around them and laughing all the way to the bank”.

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2 Comments on Jay Powell’s ‘Good Place’ Monetary Policy Sets Up Election Year Clash With White House

GOP Cites Trump’s ‘State Of Mind’ In 18-Page Impeachment Defense Memo

November 12, 2019November 12, 2019

“President Trump said there was no pressure on the call.”

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5 Comments on GOP Cites Trump’s ‘State Of Mind’ In 18-Page Impeachment Defense Memo

‘The Bulls Are Back’: FOMO Takes Center Stage In Fund Manager Survey As Yield Forecasts Ratcheted Higher

November 12, 2019November 12, 2019

“Marking to misery” gives way to “waves of optimism”.

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Ignore That Recession. German Investor Confidence Hits Six-Month High Amid Best DAX Rally In 18 Months

November 12, 2019

“Growing hope”.

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Goldman: ‘The Market Is Moving From TINA To FOMO’

November 11, 2019November 12, 2019

“All-in” on a trade deal and the burgeoning pro-risk rotation?

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2 Comments on Goldman: ‘The Market Is Moving From TINA To FOMO’

Trump To Punt Again On EU Car Tariffs As Time Still Not Right To ‘Rid Fifth Avenue of Mercedes’

November 11, 2019November 11, 2019

“The person… cautioned there is always uncertainty” around Trump and tariffs.

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In Stark Reversal, Popular Treasury ETF Hemorrhaged Record $1.2 Billion During Bond Rout

November 11, 2019November 11, 2019

At the risk of beating a dead horse…

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Congress Wants Trump To Rescind Erdogan Invite

November 11, 2019November 11, 2019

“Now is a particularly inappropriate time for President Erdogan to visit the United States”.

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2 Comments on Congress Wants Trump To Rescind Erdogan Invite

To Believe In The Rotation Or Not To Believe…

November 11, 2019November 23, 2019

…that is the question.

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2 Comments on To Believe In The Rotation Or Not To Believe…

JPM’s Kolanovic, Deutsche Bank’s Sparks Don’t See Rising Yields As A Threat To Stocks – Yet

November 11, 2019

“The recent sell-off appears far too small to have material and persistent deleterious effects on equity”.

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1 Comment on JPM’s Kolanovic, Deutsche Bank’s Sparks Don’t See Rising Yields As A Threat To Stocks – Yet

Trump Claims Impeachment Transcripts Are ‘Doctored’, Says GOP Should ‘Put Out Their Own Transcripts’

November 11, 2019November 11, 2019

“Yeah, they’re gonna release the real transcripts”.

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7 Comments on Trump Claims Impeachment Transcripts Are ‘Doctored’, Says GOP Should ‘Put Out Their Own Transcripts’

China’s Credit Growth Collapses

November 11, 2019November 11, 2019

The engine of global growth and credit creation is stalling.

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Things Go From Bad To ‘That Guy’s On Fire’ In Hong Kong, As Stocks Dive Amid Escalating Violence

November 11, 2019November 11, 2019

Suffice to say tensions have escalated materially.

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‘No Honor Among Thieves’: Mick Mulvaney Thinks Now Is Good Time To Join Suit Against ‘The Honorable Donald J. Trump’

November 10, 2019November 11, 2019

Another wrinkle in an increasingly absurd soap opera.

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8 Comments on ‘No Honor Among Thieves’: Mick Mulvaney Thinks Now Is Good Time To Join Suit Against ‘The Honorable Donald J. Trump’

Rex Tillerson, John Kelly Tried To ‘Save America’. But Don’t Worry, Nikki Haley Stopped Them

November 10, 2019

“The president didn’t know what he was doing”, they said.

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3 Comments on Rex Tillerson, John Kelly Tried To ‘Save America’. But Don’t Worry, Nikki Haley Stopped Them

With All Eyes On Bonds, Trump, Powell Will Both Speak On The Economy This Week

November 10, 2019November 10, 2019

“He believes the United States will go on to exceed even its remarkable achievements of the past”.

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As Recession Worries Recede, Investors Jump At Chance To Fret About 2020 Election

November 10, 2019

79% are some shade of worried.

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Degenerate Matter And The Mathematics Of Poverty

November 10, 2019November 10, 2019

“20th century capitalism is a spectacular confirmation of this mathematical result”.

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Trump Casts Further Doubt On Trade Deal, Cites ‘A Lot Of Incorrect Reporting’

November 9, 2019November 9, 2019

“They’re moving along much too slowly for me”.

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4 Comments on Trump Casts Further Doubt On Trade Deal, Cites ‘A Lot Of Incorrect Reporting’

Earnings Season Shows Corporate America Just Refuses To Roll Over

November 9, 2019November 9, 2019

With nearly 90% of companies reporting, earnings season was better than feared.

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One-Percenters Now Control As Much Wealth As Middle-, Upper-Middle Classes Combined

November 9, 2019November 10, 2019

The benefits of this don’t accrue linearly, but rather exponentially.

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Monthly Letter

  • The Arbitrageur

Recent Comments

  • TebbyFresh on Sell-Side Sarcasm: New And Improved!
  • Caribbean Breeze on Apple Sets A Bunch Of Records. Misses In China
  • Lee 2253 on Have The Hyper-Scalers Lost Their Minds?
  • WeeblesWobble (ButTheyDon'tFallDown) on Apple Sets A Bunch Of Records. Misses In China

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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