All That Glitters
The war-driven surge in fuel costs and a generalized sense that “stuff’s getting more expensive
House Fire
“Harry, I know you’re pissed. We had a setback.” “Listen, Scott, I am in a
SpaceX The Hyper-Scaler
SpaceX is gonna need to borrow some more money. Several tens of billions more, reportedly.
À La Janet?
Are you worried about the inexorable rise in US bond yields? Because Scott Bessent is.
AI And Oil: America’s Historic Profit Bonanza Rolls On
You know things are going well when corporate America’s expected to report profit growth of
Maybe Trump Can Starve Iran Out After All
Ask five different experts whether Donald Trump can starve out the IRGC and you’ll get
Burn, Baby, Burn
Europe’s ungovernable. Breaking news, I know. On Monday, an already fraught political environment took a
Back Right?
There’s about to be a Bolsonaro living in The Palácio da Alvorada again. Headed into
$5,000 Or Bust
The macro data docket’s pretty light this week, which is fine by me notwithstanding I
Weekly: The ‘Humiliation’ Trade
I’d like to buy long-end US Treasurys right now. And I did, both this week
What If The Fed Can’t Slow The Economy?
If you’re old enough to remember the last Fed tightening cycle (there’s a joke there,
Railroaded
In terms of concentration risk, the AI trade’s now on par with the largest bubbles
US Jobs Report: Womp, Womp
“Come on, come on, big bucks, no whammies, no whammies!” Drumroll…… 29,000. That’s the NFP
Bonds At The Breaking Point
Have we given up trying to call the top in G7 bond yields? Because if
The Only Certainty Is Chaos
It’d be too strong to say investors were “on tenterhooks” ahead of Thursday’s update on
Laying Claims
“No hiring, no firing.” That’s the macro refrain in America, and it was underscored Thursday
Holiday Hiring Off To Slowest Start In 15 Years
Good news, bad news. Which do you want first? I’ll go bad. Seasonal hiring was
¡Viva La Revolución!
Long live the revolution! If there were any doubts as to whether memory will remain
1999, 2007 And 2026?
Albert Edwards thinks the equity bull market’s reached “peak nonsense.” Critics would tell you Albert’s
Cool Revisions, Man
Consumer spending in America was faster than expected and inflation slower last month, according to
Down, Set, Hike?
“A strong report.” That’s how ADP chief economist Nela Richardson described Wednesday’s nonfarm payrolls appetizer,
This Is What Policy Failure Looks Like
I haven’t checked Donald Trump’s TruthSocial feed on Wednesday, and inshallah I won’t have to,
The Real Debate
10-year real yields in the US are flirting with 3%, which is… I don’t know.
Anthropic IPO Prospectus: Taking An ‘Existential Risk’
“Hello, I represent a privately-held company that intends to offer shares to the investing public
‘Timberrrr!’
“It’s goin’ down, I’m yellin’ timber!” Who remembers that song? If your hand’s not raised,
You must be logged in to post a comment.