Nomura’s Charlie McElligott’s note this morning begins with a warning of sorts: Fear of the dovish “right-tail” response to CPI is back… Bigly! Expectations into today’s CPI print for a continuation of the “past peak […]
US equity markets are chopping around wildly in the last few days as Nomura’s Charlie McElligott notes that risk is drifting on a mini “triple whammy” causing a modest reversal stronger in the USD (after […]
With a looming sense of deja vu all over again, US equity prices have decoupled ‘hopefully’ from monetary policy expectations in recent weeks as the ‘pause/step-down/pivot’ narrative combined with extreme positioning to prompt yet another […]
In recent days, Wall Street’s biggest bear (Morgan Stanley’s Michael Wilson) has flipped to warning of a ‘market meltup’ as a tactical call (based on technicals and positioning, not fundamentals), BofA’s Michael Hartnett also called […]
The last few days of trading have been driven the new narrative imparted by Powell’s favorite new ‘fed whisperer’ that the elites in the Eccles Building are considering “stepping down” their pace of hiking and […]
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