Podcast on Macro to Micro in Markets
This past week, we have written a lot about tech (another AI generated photo), the discordance between the small caps and large caps, rates, debt ceiling and the Fed. For this weekend, we want to invite you to have a…
Here’s Why This 10-Year Bear Market Generally Results in a 10-Year Bull Market
German engineering used to be world-renowned. Revered, the epitome of manufacturing and perfection. You didn’t want a German girlfriend. She’d beat you up, but you definitely wanted a German car. That’s how well-known it was. And now look at…
As Debt Ceiling Debate Continues, Investors Digest Bearish Inflation News
(Friday market open) We’re getting close to the so-called “X-date” of June 1 when the government might run out of funds to pay its bills. The general idea on Wall Street is that a deal will be made to…
Dollar Pauses for Breath Ahead of Inflation Data, Tech Rally Eases
Fed rate cut bets continue to be priced out, all eyes on core PCE inflation US dollar softer today but still headed for third weekly gain Debt deal progress and AI buzz lift Wall Street, global equities Fed rate…
The Deflation Dilemma: Unmasking the Silent Threat Looming Over U.S. Economy
Over the last two years, inflation has been a big threat. And for good reason. Post-COVID, all three levers – fiscal, monetary, and supply-side – were aggressively pushing prices higher. Governments ran massive deficits and spending programs to provide stimulus….
Wall St. Turns Chipper After Nvidia Report, But Debt Ceiling Cloud Still Overhead
Debt ceiling progress remains elusive with a week to go until the “X-date” when U.S. coffers run dry, but the stock market has a mixed tone this morning thanks to chipmaker Nvidia (NASDAQ:NVDA) crushing earnings expectations and offering a…
U.S. Debt-Ceiling Deal Remains Elusive as Default Risk Nears
The contrast could hardly be more striking. House Speaker Kevin McCarthy emerged from yesterday’s latest round of negotiations with the White House with an upbeat spin but no deal. Soon after, Fitch Ratings put the AAA credit rating for…
Gold and Yen Scorched by Rising Yields, Nvidia Saves Stocks
Dollar continues its grind higher, empowered by Fed bets and risk aversion Gold gets burned by rising yields, central bank divergence hits Japanese yen Stocks close lower, but Nvidia (NASDAQ:NVDA) earnings turn markets around after-hours Dollar capitalizes on resurgent…
Energy Prices Remain Strong as Most Commodities Weaken on Debt Deal, Fed Skip
EIA Report: Inventories fall by 12.46 million barrels vs 932K expected build Gold struggles as sticky inflation could support Fed skip Global crypto market cap falls to $1.1 trillion Oil Oil is starting to turn bullish as demand shows…
Here Come Debt Ceiling Pain and Rising Risks of a Fed Skip
FOMC Minutes: Officials split on whether more rate hikes are needed to fight inflation Republicans are holding the line of significant spending cuts T-bill yields surge to 7% US stocks are declining after Wall Street got hit with a…