Wall Street Doomsayers Are Out Of Touch
Corporate profits have roared higher in such a spectacular fashion that stocks are now 20% cheaper than they were when the pandemic was just starting.
Recent
Shorting Cathie Wood Reaches Record Levels
The family office run by "Big Short" investor Michael Burry was among a slate of hedge funds revealing bearish bets on the semi-speculative ETF.
Goldman, BofA, Lazard: Make Way For Emerging Markets
Elevated commodity prices and earnings growth are igniting bullish bets on emerging markets after a "lost decade" of underperformance.
Larry Summers: Treasury Borrowing Has Gotten "Bizarre"
When the government pays the Fed on its Treasury holdings the flow ultimately surrenders fixed-rate liabilities for a riskier near-term float.
Shiller Numbers Flash "Danger" In Low-Rate High-Inflation Zone
The golden mean points to an economy on a steady climb with rates that are neither too hot nor cold, rewarding investment while punishing waste.
Ed Yardeni Sees The Roaring 2020s Alive And Well
The noted market historian says earnings are "on fire" and while growth comparisons are getting harder, the post-pandemic world is still in boom mode.
LPL: Why We're Watching Economic Numbers Again
Even before the pandemic, macro news releases were increasingly ignored as the province of "nerds" who didn't understand day-to-day stock moves. Now?
