The Q3 earnings reporting season is underway and going well with Microsoft delivering a big upside earnings surprise after today's…
“There is too much risk in the world to remain short bonds at current long-term rates,” Bill Ackman said in a post…
This week should be another disappointing one for the hard-landers. That's been true all year and especially during Q3, when…
Strategy I: Middle East's Existential Crisis. Jamie Dimon is probably right. On October 13, the CEO of JPMorgan Chase sounded…
Most economists, including Debbie and me, believe that if the data don’t support our forecasts, then there must be something wrong…
Fed Chair Jerome Powell should be very concerned about the rapid disinversion of the yield curve since early July as the bond…
To answer whether the latest bout of inflation in general will prove persistent or transitory, we must look deeper than the headline…
The 30-year fixed mortgage rate rocketed up to 8.00% today. It is up from 7.57% on October 12 (chart). That&…
Today's September reports for retail sales and industrial production were better than expected. The Atlanta Fed's GDPNow tracking…
Yin and yang. The forces of darkness appeared in the bond market while light shined in the stock market today. Bond investors…
The big banks kicked off the Q3 earnings season this past Friday. Their results beat expectations. That's consistent with our…
On December 23, 1776, Thomas Paine famously opined: "These are the times that try men's souls." He did…
