Banker Bonuses Roped In By Regulators Despite Record 2020 For Financial Industry If you worked in the banking sector last year, you may not have even...
Are Yields About To Blast-Off: Here Are The 3 Things To Watch For many months, traders and strategists have been warning - and dreading - a...
“Employment will bounce back to pre-pandemic levels by December 31st, 2021.” - Bank of America Popular forecasts call for a return to pre-pandemic levels of employment...
The broader market averages ended the week mixed. Investors weighed the prospect of a post-pandemic economic recovery with rising inflation expectations. The S&P 500 fell fractionally...
Rising yields spook investors Jerome Powell’s appearances in Congress next week may come at the perfect time. Rising yields have made investors nervous and the Fed...
But a positive end A rather downbeat week in the markets is ending on a more positive note, with US stocks opening a little higher and...
Back on January 21 in our February Almanac post our Market Probability Chart highlighted the pattern of late-February seasonal weakness. A disappointing jobless claims number today...
This Matt Yglesias tweet criticizes a recent Bloomberg article by Noah Smith: Yglesias is referring to an important 1998 paper by Paul Krugman, where he argued...
A resumption of the surge in global bond yields is starting to worry some traders. Despite a firm Fed commitment that monetary policy will remain supportive...
Lumber Futures Hit Record High $1000 (As Gold Slumps To 7-Month Lows) As Building Permits explode higher (driven by multi-family units)... Source: Bloomberg The demand for...
American consumers were back in action in January 2021. The “unemployment cliff” along with the slowdown and contraction in the labor market during the last quarter...
FOMC Minutes Show Fed Sees "Elevated Asset Valuation Pressures", Will Ignore "Temporary" Inflation Factors Bonds and bullion have been battered since the Jan 27th FOMC meeting...
The Canadian dollar is trading lower for a second consecutive day. Currently, USD/CAD is trading at 1.2730, down 0.33% on the day. Canada inflation edges higher...
Today, the New York Fed’s Center for Microeconomic Data reported that household debt balances increased by $206 billion in the fourth quarter of 2020, marking a...
Blain: Why "Acting Big" Still Won't Cure Much In The Real Economy Authored by Bill Blain via MorningPorridge.com, “The secret of getting ahead is getting started.”...
The Best Case Steep-nario By Ian Lyngen and Ben Jeffery, rates strategists at Rabobank The selloff in Treasuries appears to have stabilized overnight after 10-year yields...
Cities have long resisted the public demand for street food vendors, but the pandemic may reverse those restrictions for good.
How Conspiracy Theorizing May Soon Get You Labelled A "Domestic Terrorist" Authored by Matthew Ehret via The Strategic Culture Foundation, If you are starting to feel...
Just about the entire world economy is in the grips of reflation. What's reflation? My definition of reflation is when economic activity and prices are all...
Trump Declares War On Mitch McConnell, Calls Him "A Dour, Sullen, And Unsmiling Political Hack" Donald Trump has some choice words for Senate Mitch McConnell (R-KY),...
The idea behind post-Georgia reflation is that globally fiscal-led “stimulus” will be enough to fix what’s still wrong. The economy broke down, by choice, last year...
1.25% 10Y Yields: Now What? By Ian Lyngen of BMO Capital Markets 10-year yields broke through 1.25% during the overnight session on what can best be...
Powell Is Wrong. More Stimulus Won't Create Employment Authored by Lance Roberts via RealInvestmentAdvice.com, As discussed in Friday’s #Macroview, stimulus, mainly when it comes from debt, does...
Early projections for US economic output in the first quarter point to extension of the rebound that started in last year’s Q3. A set of nowcasts...
The Canadian dollar has started the week with gains. Currently, USD/CAD is trading at 1.2643, down 0.40% on the day. It has been a busy start...
The Coming High-Pressure Economy - After hunkering down for much of 2020, people are eager to make up for lost..
How Long Before The Fed Tries To Manipulate Long-Term Rates Lower? Authored by Mike Shedlock via MishTalk, The Fed pledged to hold interest rates low for...
As discussed in Friday's #Macroview, stimulus, mainly when it comes from debt, does not create organic economic growth. In the second part of this analysis, we...
What Sort Of Inflation Is "Troubling" To The Fed? The Fed seems to be raising the bar for what constitutes ‘troubling’ inflation, and as Standard Chartered's...
Speculative Mania Continues As Rationality "Goes Up In Smoke" Authored by Lance Roberts via RealInvestmentAdvice.com, Last week, we discussed how the market successfully retested and held...