Are The Machines Done Selling?
Early Monday, I revisited “doom loop” dynamics. A fixture of modern market structure is the
Fed Survey Paints Dour Picture Of Household Moods
The good news is, household inflation expectations didn’t “moon” in the latest edition of the
Tariff Drama Activated Equity Market ‘Doom Loop’
Remember: Volatility and liquidity tend to be inversely correlated. That’s part and parcel of the
‘Insightful’ Goldman Rings Up Huge Stock-Trading Haul
At least somebody benefited from a rocky start to the year for US equities. “Somebody”
Damage Control Or More Damage?
One might’ve assumed this would be a damage control week for The White House. After
‘From One Bucket Of Tariffs To A Different Bucket Of Potential Tariffs’
The Trump administration’s now seemingly bent on undermining their own damage control initiatives before markets
How Long Until Scott Bessent Gets Fired Or Quits?
A few days ago, one brave reader endeavored to lecture me on the alleged genius
The ‘Science Fiction’ Scenario’s Upon Us
What happened to that long bond call, Mike? I’m just kidding. But BofA’s most prominent
Behold: The Worst Consumer Sentiment Report Ever
Not surprisingly, the marquee gauge of consumer sentiment in the US printed what may as
The Banks Are Fine. But Expect ‘Considerable Turbulence’
Well, at least the banks are ok. For now. JPMorgan beat estimates and lifted its
Another Favorable US Inflation Report Lost To Trade War’s Fog
There was more good news on the inflation front in the US Friday, when PPI
Wharton Budget Model Projects Disastrous Hit To Families, GDP From Trump Tariffs
The math’s done. The verdict’s in. Tariffs are guilty as charged. On Thursday, the Penn
Scary Stuff
I hope you like excitement. Because these are exciting times. If you’re an adrenaline junkie,
Sir, Just To Confirm, Is A Depression Part Of The Plan Too?
If you’re curious, the fallout from “Liberation Day” triggered the biggest — which is to
Best US Inflation Report In Five Years Overshadowed By Tariffs
Good news. Unfortunately, it’s too stale to matter, because in a Donald Trump presidency, anything
Losing Everything
If the problem is that no one knows what US trade policy will be from
Trump Folds
Late last week, following the worst two-session slide for US equities since the financial crisis
A Direct Question
Whether you realized it or not, you just lived through the most important 10-year US
Trump’s ‘High People Idea’ Would Double Cost Of iPhones
Dave Chappelle’s in the news this week. As someone who was relatively young (I mean,
Shades Of Baghdad Bob As Bessent, Trump Deny US Bond Blaze
Scott Bessent on Wednesday tried to wave away some of the worst Treasury market turmoil
Tariffs Trigger Treasury Meltdown, Dollar ‘Close To Crisis’
Well, it’s upon us: The moment when higher US yields aren’t sufficient to attract buyers
Scott, My Friend, You May Have A Problem
There’s a burgeoning problem in USD rates and specifically in Treasurys. This is quickly becoming
Goldilocks And The Three Bears
“Structural.” You’ve probably heard that term bandied about a lot in recent days in the
Can We Get A Do-Over?
The White House on Tuesday afternoon said Donald Trump intended to go ahead with the
What If Trump Just Repudiates America’s Debt?
There are still no clear answers as to what happened to Treasurys to start the
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