MSFT beat on both their top and bottom lines due to AI integration driving software and cloud revenue...
We were all just getting on the US-growth-is-so-amazing bandwagon, right? GDP was only up an annualized 1.6%, missing projecti...
Rates traders are now betting on no Fed rate cuts this year, vs swaps markets pricing in ~40 bp of easing, per BBG. You have to ke...
Traders are now pricing in a potential Fed rate hike because of recent strong data in the US and hawkish Fed messaging, per the ...
UBS is downgrading the Big-6 in US tech this morning, positing that their EPS growth will decline from 42% to 16% over the nex...
Did you doubt the Fedspeak about data dependency? Well, you shouldn’t have. Powell confirmed that rates will be higher for longe...
Initial apps for US unemployment benefits remained low last week. The job market is way too hot for Powell and friends to be ...
Biden is trying to punish some Chinese steel and aluminum products with 3x tariffs at 25% during his visit to Pittsburgh. T...
The Fed’s Mary Daly made the case for keeping rates put given “remarkable” US growth, a resilient labor market and infl...
The market this morning is focused on US retail sales and not conflict globally. They topped forecasts (receipts +0.7% in Mar, ma...
Israel is readying for a potential attack from Iran, directly or indirectly, within days. The missile and drone attack would be t...
Sharp investment ideas from true practitioners? Just launched Wall Street Beats. Daily ideas that pack a punch, yet whittled d...
Inflation came in hotter than expected, so investors are pulling money from the market this morning, concerned that they ar...
Markets are now only expecting 60 bps of Fed rate cuts in 2024, which is the lowest level since Oct, per Reuters. Except for Stat...
The US is giving Taiwanese chipmaker TSMC $6.6 bn in grants and up to $5 bn in loans to ramp up domestic production as part of...
The Jobs report was out this morning. Growth was strong in Mar (payrolls up 303k, unemployment down to 3.8%). Lots under the hood...
Disney shareholders voted for the current board to remain intact, rebuffing a campaign by activist Peltz. But Peltz is several hu...
Today’s services ISM was dovish. So, bonds are up, yields are down. Prices paid, which is a leading indicator for inflation, was...