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[Yahoo/Bloomberg] Stocks Muted as Earnings Torrent Intensifies: Markets Wrap [CNBC] Treasury yields climb as investors weigh interest rate decisions ahead [Reuters] Oil prices steady near 3-month highs [Yahoo/Bloomberg] Metals Buoyed by China Politburo But Actual Policy Still to Come [Yahoo/Bloomberg] Wheat Hits Five-Month High After Russia Attacks Ukraine Port [Yahoo/Bloomberg] Rice Risks Hitting Decade-High as […]
The Law of Unintended Consequences is often cited in this day and age. America is putting in place new and unprecedented laws, regulations, practices, and social memes, thinking that the entire worth of these innovations can be judged by the intent—or the expressed intent—of those who put them in place. The people who think this […]
[Yahoo/Bloomberg] Bonds Gain, Stocks Muted After Weak European Data: Markets Wrap [Yahoo/Bloomberg] Oil Steadies as Fed Rate Hike Weighed Against Tighter Market [Reuters] China developer Country Garden shares extend losses on debt worries; others fall [CNBC] A ‘momentous week’ ahead as the Fed, ECB and Bank of Japan near pivot point [Yahoo/Bloomberg] Bond Traders Bet […]
[Yahoo/Bloomberg] Fed Readies Another Rate Hike in Pivotal Week for Central Banks [Yahoo/Bloomberg] Stock Market’s 2023 Surge Faces Fed Test Even as Profits Improve [Yahoo Finance] Fed decision, Big Tech earnings highlight the busiest week of the summer [Yahoo/Bloomberg] Rising Consumer Pain Triggers Wall Street Concern: Credit Weekly [Yahoo/Bloomberg] Where Is the Bottom in Commercial […]
The Fog of Mania For many months, HAI has been of the opinion that the current “goldilocks” environment is on borrowed time. Many market participants believe the economy will avoid recession as inflation sails effortlessly down to the Fed’s 2% inflation target. The next step in such a sequence, then, is assumed to be predictable—the […]
[Reuters] Wall St Week Ahead Relentless U.S. stock rally faces Fed test [CNBC] American Airlines boosts pilot contract offer by $1 billion after United deal [Yahoo/Bloomberg] Ukraine Recap: Russia Says Crimean Ammunition Site Hit by Drone [Reuters] Buyout barons feast on excesses of last boom [Reuters] Chinese property giant Country Garden sinks in renewed storm […]
Markets assume that a 25 bps rate increase at the FOMC’s meeting next Wednesday will wrap up the Fed’s tightening cycle. The rates market is pricing in less than 20% probability of one additional hike in either September or November. We hear a lot these days about “long and variable lags,” a phrase coined by […]
[Yahoo/Bloomberg] Tech Stocks Pare Rebound; Treasuries Rise: Markets Wrap [Reuters] Oil climbs, fuelled by tighter supplies, China stimulus [Reuters] US banks’ second quarter earnings: the results in charts [The Hill] UPS strike would trigger pandemic-era supply chain issues, expert says [Reuters] Russia hits Ukraine’s grain for fourth day, practises seizing ships [Yahoo/Bloomberg] BOJ Sees Little […]
