What A Year This Month Has Been

Back when I worked at SAC, every trader could see the real time P&L for every other person in the room. Once in a while, the entire organization would sync up, …

Axios: “More Fed than ever before”

Excerpt from Axios quoting DataTrek’s Nick Colas: …. “What to watch: Virtually no one expects the Fed to announce an interest rate hike at today’s meeting, so the focus will be on the press conference. Without the …

Taxing The Super-Rich: Easier Said…

US individual income tax rates have become an important topic of debate in American politics, with both members of the new Democrat-controlled House and presidential hopefuls pitching changes to the …

Record Tech Lobby Spending in 2018

As calls for more tech regulation grow louder, some big US tech companies are responding with record levels of lobby spending. Facebook, Alphabet, and Amazon, for example, spent more on lobbying …

US Earnings Recession: An Update

Last week we highlighted the continuing decline in Wall Street analysts’ expectations for first half 2019 corporate earnings. The upshot of our findings was that numbers are coming down at a …

Red Flags of EU Unemployment

The flaws inherent in aggregated data are a recurring theme in this section, and today we have a great case study: European unemployment rates. By the headline numbers, one would think …

US vs. Int’l Stocks: Pain Thresholds

If you thought last quarter’s US stock market volatility was tough, just consider what happened to emerging market equities. A few stats to put this in perspective: The S&P 500 was …