By Tyler Durden, After October’s ugliness, and before the carnage began in December, November saw US Treasury yields oscillate with the last week seeing rates plunge on Omicron anxiety. So, the big question is – did global central banks continue to dump bonds into this late-rally or did they flip-flop back to buyers of the world’s […]

By Tyler Durden, US equity markets have given up all their overnight ramp gains with Small Caps back at the overnight lows (down 1% on the day). The Dow, S&P, and Nasdaq are back to unchanged… This has pushed all the majors back to or below key technical support levels… The S&P and The Dow […]

By Tyler Durden, By Ven Ram, Bloomberg Markets Live Commentator and analyst What do you get when you take half a portion of excess GDP growth this year over trend expansion, together with half a portion of excess inflation over its long-term trend and combine them with the neutral rate of the economy? You get […]

By Tyler Durden, Authored by Ven Ram, Bloomberg Markets Live Commentator and analyst, When just about everyone and their uncle in the market is convinced that all apples this month look like oranges and that oranges are but lemons, you know you have a problem right away. And so it happens that there is an uncomfortable […]

By Tyler Durden, Thanks to various measures by the government to increase supplies of commodities (and simultaneously crack down on speculation), Chinese inflation pressures eased significantly in December. Chinese producer prices rose 10.3% YoY, slowing dramatically from November’s 12.9% and well below economists’ forecasts of a 11.3% gain. Chinese consumer prices increased just 1.5% YoY, […]

By Tyler Durden, The critical support level of $40,000 was just breached in cryptocurrency-land’s largest asset, pushing bitcoin to its lowest price since August 2021… Ethereum also tanked, breaking back below $3000 for the first time since Sept 2021… This is actually the worst start to a calendar year ever for bitcoin, down over 15% since the […]

By Tyler Durden,   The Nasdaq just entered a ‘correction’ – down over 10% from its record high… Year-to-date, Nasdaq is down 7%, its worst start to a year since 2000… And the Nasdaq Composite just broke below its 200DMA for the first time since March 2020… And all of this as STIRs signal an […]

By Tyler Durden, While it is traditionally viewed as a B-grade indicator, the November consumer credit report from the Federal Reserve was an absolute stunner and confirmed what we have been saying for month: any excess savings accumulated by the US middle class are long gone, and in their place Americans have unleashed a credit-card […]

By Tyler Durden, Investors appear to be starting the year with an aversion to long duration stocks and instead are leaning into Value stocks with closer ties to an economic recovery. Growth stocks fell to a key technical level this week relative to Value stocks… Nasdaq down 7 of the last 8 days and was by far […]

By Tyler Durden, Well, we are finally here: 2022 has arrived and the rate shock that BofA’s bearish chief investment strategist Michael Hartnett has prophetically been warning about arrived right out of the gate, and with a bang as both nominal and real yields spiked sharply higher in just the first week of 2022. And unfortunately, if Hartnett’s […]