Blain: Markets In For Stormy Second Half – Could Low Pressure In CLOs Turn Cyclonic?
Blain: Markets In For Stormy Second Half – Could Low Pressure In CLOs Turn Cyclonic? Authored by Bill Blain via MorningPorridge.com, “I am not afraid of storms for I am learning how to sail my ship.” Many think Markets are set fair for the second half of 2023 – but what if a mighty depression […]
US Manufacturing “Took Sharp Turn For The Worse” In June
US Manufacturing “Took Sharp Turn For The Worse” In June Despite the recent resurgence in upside surprises for US macro data, the US Manufacturing sector remains deep in contraction (sub-50) based on the ISM and PMI surveys driven by a sharp fall in new orders. S&P Global US Manufacturing 46.3 for June, down from 46.9 […]
Bud Light’s Disastrous Pro-Trans Marketing Sparks Major Job Losses As Bottle-Suppliers Start Shutting Down
Bud Light’s Disastrous Pro-Trans Marketing Sparks Major Job Losses As Bottle-Suppliers Start Shutting Down Bud Light’s self-destruction after its botched TikTok promotion with clownish, male-to-female trans influencer Dylan Mulvaney, resulting in what Deutsche Bank analyst Mitch Collett recently said is a permanent loss of nearly 25% of its business, has forced one of its glass […]
Key Events And Acronyms This Week: ISMs, PMIs, RBA, ADP, JOLTS And NFP
Key Events And Acronyms This Week: ISMs, PMIs, RBA, ADP, JOLTS And NFP As we kick off July, US Independence Day tomorrow and an shortened Monday trading day will ensure a stop start week but it remains a big one with US payrolls (Friday) and the global PMIs and US ISMs through the week. May’s […]
How Bidenomics Generates More Debt And Inflation
How Bidenomics Generates More Debt And Inflation Authored by Daniel Lacalle, Estimates of United States growth have improved but remain massively below the Federal Reserve projections. After the largest monetary and fiscal stimulus in recent years, growth remains well below trend and debt is significantly higher. It is interesting to hear Janet Yellen say that “trickle-down economics […]
Fed Is Using Talk To Get The “Longer” In “Higher For Longer”
Fed Is Using Talk To Get The “Longer” In “Higher For Longer” Authored by Simon White, Bloomberg macro strategist, The Federal Reserve is attempting to use the dots to reduce the size of the “pivot” expected by the market, so as to amplify the effect of rate hikes made so far and limit the need […]
Global Markets Ramp Out Of The Gate In Solid Start To Second Half Boosted By Oil, Tesla
Global Markets Ramp Out Of The Gate In Solid Start To Second Half Boosted By Oil, Tesla Global markets have kicked off the new quarter with solid gains from Asia to Europe (as previewed last week in “The Technical Overhang Is Done, July Starts With A Bullish Eruption“) while US equity futures were in the […]