Countdown To July 9
According to the ubiquitous people familiar with the matter, a comprehensive US-Europe trade accord won’t
Max Madman Theory
On June 18, The Daily Beast ran a pretty funny headline: “Trump Boasts ‘Nobody Knows
Pros Have Never Been This Down On The Dollar
Dollar dominance is facing its biggest test in the (short) history of American empire: True
Chris Waller Really Wishes Donald Trump Would Notice Him
Chris Waller would really appreciate it if someone — anyone — would acknowledge how hard
One Week In
We’re now one week into the Israel-Iran war. I’m no expert on Israeli political polling,
Donald Trump’s Putting Jerome Powell In Danger
When Jerome Powell was asked this week about his “friend down at 1600 Pennsylvania Avenue,”
‘Widespread Chaos’
“Whatever you do, don’t hit a hospital.” I realize turning the other cheek isn’t an
Back To ZIRP!
We’re back to ZIRP. In Switzerland. Swiss monetary policy’s somewhat eccentric. They aim for price
Not That, This
Jerome Powell’s press conference was a sleepy, uneventful affair on Wednesday. Although tariff expectations have
‘Stupid’ Fed Still Sees Two 2025 Cuts, But Fewer Later
The Fed kept rates unchanged Wednesday, much to the chagrin of a certain US president
Another Day, Another Concerning Read On US Housing
New residential construction activity decelerated sharply in the US last month, data released on Wednesday
US Jobless Claims Highest For NFP Survey Week Since 2023
There was no evidence Wednesday that headline US jobless claims are set to meaningfully recede
Pray For The Profits
Are you sure? Not enough US voters asked themselves that question on November 5, 2024,
What Do You Mean ‘We,’ Kemosabe?
Donald Trump on Tuesday began referring to “we” in the context of Israel’s ongoing airstrikes
Supply And Demand, Buybacks And Robots
This isn’t well understood among a lot of “everyday investors” (whatever that means), but stock
US Home Builders Are Full-On Depressed
Yikes! Let me preface this by saying no one expected an upbeat read on US
US Retail Sales Drop Sharply, But Key Spending Measure Solid
Nominal spending across the world’s largest economy fell more than expected last month, even as
What History Says About Stocks And Geopolitical Shocks
In the latest Weekly, I argued that even if the 2025 Israel-Iran war lives up
‘Before It’s Too Late’
Iran wants to talk. Mayday, mayday, mayday! On Monday, multiple reports indicated the Khamenei regime’s
Regime Change By Any Other Name
Israel’s losing some people. Not nearly as many as Iran and certainly no top officials,
China’s Still Struggling
Deflation delays consumption in a pretty straightforward way: If you think it’s going to cost
What To Expect From The June FOMC Meeting
The Fed will keep rates on hold this week. And Donald Trump will be furious
Three-Day Week
This is effectively a three-day business week in the US. And it’s summer (not officially
The End Of Khamenei?
If anything’s clear 20 months on from Hamas’s attack on Israel, it’s that Iran and
‘Red Lines’
Israeli defense minister Israel Katz on Friday said Iran “crossed a red line” when the
Goin’ Up To The Spirit In The Sky
“With the Strength of a Lion.” That was the codename for a yearslong Mossad intelligence-gathering
‘Sell America’: Hyperbole Or Epochal Shift?
At the risk of positing a strawman, sometimes it feels like Wall Street strategists and
You must be logged in to post a comment.