Yellen is warning everyone that the X date could be as soon as June 1. Next week Biden is meeting with top Congressional leaders...
We may learn on Wed whether the Fed has the appetite for just one rate hike in May or also another in June. Over in the EZ, m...
Inflation (PCE) for Mar came in at 0.3% m/m, which roughly matched expectations. So, we expect 25bps from the Fed in May, as...
1. Supporting equities: data on US economic growth slowed more than forecasted last quarter, giving bulls something to cheer as they hope t...
$MSFT is up 8% after posting solid cloud reacceleration at Azure and good results across the board (LinkedIn, gaming, software, etc...
Monday’s stock action was pretty pathetic, as the “miles driven” dropped to a low for non-holiday periods in the last ...
With Tom Cochrane’s “Life is a Highway” on the radio this morning, we’ll stay in the Auto Zone today as we head deepe...
Day traders’ passion for zero-day options (options that expire <24 hrs) looks like a money pit. German researchers estimat...
Revenues down + costs up = margins and cashflow down. We’re seeing a number of companies learn the math this earnings season, ...
That’s what BBG is serving up this morning, explaining that US markets have never bottomed before a recession, in ...
One of our brokers is seeing 55/45 better to buy with factor flows showing a risk-on profile (think cyclicals, banks, platinum, ...
Put your seatbelts on. In addition to earnings season heating up, you’ve got prints for
(i) China GDP, retail sales, industr...
Hedge funds with long/short books have their lowest positioning in Financials since Mar 2020. So, if we see any positive news, ...
Applications for jobless benefits rose to their highest level in >1yr (+11k to 239k w/w), but they’re still are low le...
The print today reflected a slowdown in the growth rate of inflation (+0.1% in Mar or +5% y/y) and a consensus figure of core C...
VIX remains low, given holidays and spring breaks. But tomorrow we get a bunch of CPI stats, and right now consensus is for ...
Treasury yields are down this morning and the USD is up, in response to Friday’s job growth slowdown. The 10-yr yield is down t...
Consensus for next week’s Core CPI print on Wed and Ave Hr Earnings is still hot, so any weakening of these metrics could c...