Every media outlet seems to be reporting that negotiators are close to an agreement to raise the debt ceiling in exchange for ca...
Fitch Ratings warned that the US’s AAA rating may not hold because of the debt ceiling delay. Treasury-bill yields matur...
There is no debt-ceiling deal as of the time of writing this note. There are no additional meetings scheduled. They’re a...
Only they know how truly “productive” the Monday night discussions were. Meeting for an hour or so doesn’t seem very...
Biden and McCarthy will meet again today. We don’t expect any big moves unless it seems clear that there’s an outcome (go...
That’s what we’re seeing. Open interest figures for e-minis popped, suggesting that investors felt compelled to chase the ...
The company beat on 1Q23 top and bottom lines plus increased 2023 guidance. Solid advertising sales and grocery. Another examp...
That’s what we’ve got this morning, with McCarthy telling the world that he doesn’t think the US will default. Biden...
She’s back at it, freaking everyone out about June 1. Treasury Secretary Yellen is warning that “time is running out” an...
If you’re wondering when we’re going to start to see the credit crunch, it’s here now. Vice Media filed for bankruptcy. K...
It’s not just politicians and the debt ceiling in a stalemate—the market seems to be in one too. Bulls can’t seem to ...
Headlines are about Disney+ losing 4mm subscribers, mostly from India, in 1Q23. In the US and Canada, it lost 600k. Its total (...
The CPI figure was just shy of expectations (4.9% versus 5.0%). Next month, the print will be released roughly a day ahead of t...
They’re still at an impasse on the debt ceiling discussions, and we don’t expect a resolution until the clock is striki...
Per our video last week, Tyson cut its annual revenue target by roughly $2-3bn and trimmed its cap ex budget too. Beef, pork, and...
The Jobs Report today showed increases in hiring and wages last month, adding to the probability that rates stay higher for longer....
Remember those good old days of the VIX declining down into the 15’s? Well, we’re back above 20 today on the heels of Fed and P...
It’s all about Powell’s Q&A today and forecasted dissent within the ranks. 2pm ET report. 2:30pm ET Q&A. He’s got his work cu...