Following the disastrous massive tail in the 30Y Treasury bond auction, yields have exploded higher, but instead of reflexively rallying on the bond losses, stocks are sliding as we suspect Risk-Parity strategies are forced to rebalance in a hurry.
The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell this week that signaled easier monetary policy could be implemented later this month.
The stock market is cruising, but investors are playing it safe.
The asymmetric reaction function of equities to data is likely to shift toward the downside, and do so soon.
Virgin Galactic is set to be the first publicly-listed company with plans to send tourists to space.
As Americans head off to Independence Day celebrations, they'll be greeted with a plethora of headlines about record highs in the U.S. stock market. What I find most interesting about the latest bout of exuberance is the fact that priced in gold, s
Shares opened higher in Asia on Thursday, tracking the ascent by major U.S. indexes to record highs.
Stocks closed at record highs on Wednesday as investors bet on a potential rate cut from the Federal Reserve later this month after the release of weaker-than-expected economic data.
Despite all of the controversies, drama, and staff turnover, one thing has been consistent throughout Trump's presidency: his frequent praise of the stock market's performance and taking credit for it.
Including Lift Of Huawei Ban
It was shaping up as a slow, boring session with everyone waiting "patiently" for the Fed tomorrow, until right after the European open, when two years after Mario Draghi first laid out the blueprints for the ECB's rate normalization with a speech ab
ECB President Mario Draghi spoke today and was full-on dovish. The price action made that clear and the accompanying commentary providing the instant analysis was that the market heard his message and loved it. And that, of course, is the problem. Th
Albert Edwards, who is traditionally seen on Wall Street as a permabear, has been having one heck of a year.
Musk Doubles Down On Whoppers During Tesla Meeting
Musk Doubles Down On Whoppers During Tesla Meeting
Just weeks ahead of having to face reality report his company's Q2 numbers, Elon Musk went on the record yesterday during Tesla's annual general meeting and told the world that there was "not a demand problem" for Tesla vehicles, according to ARS Tec
The next big test for the stock market will be whether the major indexes can break through all-time highs, just a short distance away.
"We are looking to lead the debate and discussion of wider regulatory issues…"
Apologies for lack of comment y'day. I was out on a sailing day raising money for Wessex Heartbeat, a most excellent charity who provide care and support for all those affected by cardiovascular disease - they are particularly close to my own tra
With stocks set for the best start to a June since 2000 (and best week since November), one would assume that bond yields must be soaring - all that expectation of growth (fueled by expected rate-cuts and a cessation of trade wars?) - but no, bonds h
Historically speaking, when oil and gold trade in the way they are currently, it signals "doom" for the markets or an impending recession.
How expensive is the S&P? Loaded question but thanks for asking. Macro Metrics Here at the Global Macro Monitor, we lean toward macro metrics to get a sense of the historical valuation of the stock market and heavily discount -- no, entirely d
Quant Makes Ominous Observation: Trend Last Observed Before Lehman Crash Is Back, Hinting At "Massive Selloff"
Back in March of 2009, within days of the bear market low, I shared a chart that highlighted a very interesting long-term Fibonacci support level.
If there were some concerns about a Chinese boycott in recent Treasury sales, these were all gone after today's spectacular auction of $40 billion in 2 Year paper.
Over the last several weeks, we have been discussing the potential for a market correction simply due to divergences in the technical indicators which suggested near-term market risk outweighed the reward.
Stocks And Bonds Are Both Sending The Exact Same Message As Wall Street Braces For A Very Uncertain Future
It was a week that Elon Musk will want to forget: after a chorus of skepticism about Tesla from the very same analysts that have been bullish on Musk and the automaker for years, the Tesla stock bubble is officially bursting, according to Bloomberg.
Just because society experiences turmoil doesn't mean your personal life has to. And a depression doesn't have to be depressing. Most of the real wealth in the world will still exist--it will just change ownership.
After months of ignoring reality and sticking its head in the sand over the severity of US-China trade war, which consensus finally admits well be a painful, multi-year global affair, this morning denial has finally transformed into acceptance, and t