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Quick Comments/What We’re Reading
February 8, 2023
Today's topics include 0DTE and volatility, Powell reiterates 'higher for longer', blame the Fed, don't fight the Fed, the BIS downplays central bank losses, financial conditions during tightening campaigns, tech earnings, all about money supply, American's deteriorating finances, used cars bounce back, are corporate executives too pessimistic?, and trading with Congress
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Cartoons
February 8, 2023
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Quick Comments/What We’re Reading
February 7, 2023
Today's topics include discussing the future of finance at VettaFi conference, all eyes on Powell's speech today, traders come around to Fed thinking on terminal rate, household savings dwindling, market breadth points to wide-ranging rally, the Fed's operating losses, housing's slowdown, and Torsten Slok on a 'no-landing' scenario
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Cartoons
February 7, 2023
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It’s a “Post-Pandemic” Economy/Labor Market!
February 6, 2023
Economists still use their pre-Covid models and understanding of the economy/labor market. This is leading to confusion and errant forecasts. It's time to start thinking about new models and understanding for the "post-Covid" economy.
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Q4 Earnings Update: No Earnings Season Rebound
February 6, 2023
With a focus on the Fed tightening cycle, peaking inflation, and a 2023 recession, S&P 500 earnings have declined to reflect expected economic pain ahead. Yet, economists and analysts are unsure how far earnings will fall. Looking at the fourth quarter of 2022 earnings might give us a clearer picture.
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Quick Comments/What We’re Reading
February 6, 2023
Today's topics include the payroll report's growing importance, more focus on 0DTE options, fed funds volume on the rise, looser financial conditions, speculators back to their old tricks, checking in on Russia's oil sales, signs of hope for housing?, active vs. passive, and quantifying ETFs' tax advantages over mutual funds
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Cartoons
February 6, 2023
Newsclips
Employment in Pictures – A Month of a Lot of Revisions
February 3, 2023
January's labor market data underwent many revisions. That being said, the data continues to surprise economists to the upside. In a welcome sign to Fed officials, wage growth continued lower.
Newsclips
Quick Comments/What We’re Reading
February 3, 2023
Today's topics include forward misguidance?, El-Erian addresses the rally, inflation hitting middle class this time around, Wood proclaims ARK Innovation as the new Nasdaq, earnings growth, the Fed versus markets, more thoughts on BoJ's yield curve control, investors might be unaware of what comes next, and Fed strategy hinges on policy lag