Crumbs For Doves
My guess would be September’s US labor market report, released on Friday, will be remembered
My guess would be September’s US labor market report, released on Friday, will be remembered
Two weeks ago, BofA’s Savita Subramanian lifted the bank’s year-end target for the S&P to 4,600. The
US consumer confidence slipped in September, according to this month’s update on the Conference Board
Pretty much every week, someone writes in to ask about the alleged disparity between the
Is it late-cycle? Does a hard landing loom? Or is the US economy on the
It’s been a tough year for anyone determined to stick with a bearish call on
Unexpected fiscal largesse. That’s one, but not the only, reason Morgan Stanley’s house call on
Last week, I noted that at least a couple of sell-side strategists are keen to
It’s up to the data to “speak” now, and speak it would on Thursday and
The July FOMC meeting is obviously this week’s headliner, but it’s not the only marquee
One, among many, criticisms bears level against 2023’s equity rally centers on the notion that
Earlier this week, I noted that major Wall Street banks are beginning to speak as
Stocks are in an “optimism phase.” You can tell because they’re going up. But also
“Risk assets en fuego as Goldilocks schools us bears,” wrote BofA’s Michael Hartnett, in the
The June FOMC minutes suggested Fed officials aren’t satisfied that US inflation is on a
Playing catch-up to an equity market that’s running away from you can end poorly. With
“Investors,” we were told Monday, are curbing their outlook for equities following an “unexpectedly” buoyant
US manufacturing is beset, but services activity across the world’s largest economy is resilient. What
Goldman’s David Kostin has seen enough. With the S&P in an ostensible bull market amid
At this point, the narrative is so familiar that just about anybody could pen a
The biggest criticism of 2023’s US equity market is also the simplest: The rally is
Albert Edwards is skeptical of the rally in equities. I think he’d agree that’s not
If you get the feeling various downside scenarios are having a difficult time “realizing,” you’re
“Bonds imply a recession.” So said JPMorgan analysts led by Marko Kolanovic, who’s maintaining a
Tuesday’s media spin on the May vintage of a closely-watched fund manager survey lacked important
For what it’s worth — which is either nothing at all or quite a lot,
Headed into this year, the buy-side had (begrudgingly, perhaps) come around to a pretty bearish
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