A double whammy of potential pain from The Fed’s Powell (admitting they’re talking about tapering) and Evans (disappointed there’s not more inflation) provided just enough uncertainty to spook all asset classes today. The […]
The S&P 500 is at valuations higher than those in 1929 and rival those of 1999. Despite a recession, the index is 25% above where it was trading before the pandemic. The […]
Global markets, bond yields slid and the Turkish lira plunged towards a record low against on Monday after President Tayyip Erdogan shocked investors by replacing the country’s hawkish central bank governor with a critic […]
Bond yields spiked. The stock market threw a tantrum. Reuters analyst Dhara Ranasinghe called it “a tussle over borrowing costs.” The Fed won round 1, thanks to a little help from the Aussies. But even […]
As posited yesterday morning, Monday indeed proved that Friday’s market price-action had been about end-of-month short covering in bonds, rather than a sudden market recognition that major central banks are ahead of the […]
Global bond yields slid on Friday following Thursday’s epic meltdown as markets returned to firmer footing at the end of a week that saw the biggest decline in the Nasdaq 100 since […]
So, the first week of the year brought us – the worst first day for stocks in two decades, the “darkest day in American democracy”, a dismal jobs print (far worse than […]
The hyperbole from every talking-head on what occurred in DC yesterday could not have been more, well, hyperbolic… from “Pearl Harbor” comparisons to the “darkest day in American history” to calls for […]
