Popular Strategist Would Short ‘En Fuego’ Risk Assets Later This Summer
“Risk assets en fuego as Goldilocks schools us bears,” wrote BofA’s Michael Hartnett, in the
“Risk assets en fuego as Goldilocks schools us bears,” wrote BofA’s Michael Hartnett, in the
The “novelty wore off.” That’s how Similarweb described the first drop in global traffic to
One impetus for this year’s equity gains is obviously falling headline inflation, and not just
It’s tempting to go ahead and call it: The second half of 2023 surely won’t
On Tuesday morning, I walked through the “debate” between Bill Dudley and Morgan Stanley’s US
Positioning isn’t necessarily your friend anymore if you’re a bull. Equities benefited immensely in May
If flows are a proxy for enthusiasm, excitement around 2023’s tech-driven equity rally waned over
Is the pain trade still higher? That’ll be a key question going forward for ebullient
Why were the bears wrong on equities (and particularly on US equities) during the first
More than $22 billion flowed into global stock funds over the latest weekly reporting period,
It comes as no surprise that the most crowded trade on the planet is long
“Cash is seemingly burning a hole in the pocket of investors again,” Nomura’s Charlie McElligott
While editorializing around reports that top Chinese policymakers are mulling new stimulus measures to bolster
Fund managers expect a soft landing. They also expect a recession. If that seems contradictory
“The bear market is officially over.” So said BofA’s Savita Subramanian on Friday, in a
Sympathetic as I (pretty plainly) am to the bear case for an equity market trading
“Blah, blah, blah.” That’s how BofA’s Michael Hartnett described the bear case for equities with
As most readers have doubtlessly surmised, the tech-driven rally in US equities has done exactly
If you’re inclined to suggest the recession crowd is treading dangerously close to Boy Who
It’s easy to confuse forced capitulation with a loss of conviction. Think of Bill Ackman
Just how dominant is big US tech in 2023? Or, put differently, how magnificent are
It’s time for your weekly liquidity warning. Late last month, I walked back through a
The flows story of 2023 is the massive influx of cash into… well, into cash.
“This cross-asset price rally is about to become a ‘wealth effect’ problem for them again,”
Not surprisingly, money poured into tech-focused equity funds over the latest weekly reporting period, a
The A.I. frenzy belies caution beneath the surface in equities. Or so said Barclays analysts
Developed market-focused equity mutual funds and ETFs shed $3.21 billion over the latest weekly reporting
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