Topic
Blog
A collection of 120 issues
Blog: Two services PMIs, Two different stories
Blog: Flash US PMI-More bad news
Blog: "The End is nigh" (of Fed tightening), but don't believe it.
Blog: The Fractal Market Hypothesis remains in force as "everything moves in tandem"
Blog: A Fool's Hope
Blog: Is Stagflation Here?
Blog: "Minsky Moment" risks are rising
Blog: Inflation trend is still up
While there was quite a to-do in the markets today because headline inflation didn't fall back as much as expected, worse news was that underlying "core" inflation was universally up continuing an unbroken trend. I'm not talking about the "ex-food and energy"
Blog: The MOVE Index is not what it seems
The MOVE index is widely misunderstood. It's based on the implied volatility of a 20/20/40/20 combination of 2,5,10 and 30 year treasuries and then translated into basis points. But most still interpret it like the VIX. When the MOVE is high, it means