All Episodes

A Lot of Red Amid AI Skepticism and the Costs of War (E269)

Tale of Two Cities: Semiconductor Selloff, Hormuz Hostilities (E268)

2Q2026: Banquet for Tech, Flat Belly for Bonds (E267)

Warsh’s Way: More Front-End Vol, Less “Jump Risk” (E266)

Monster SpaceX IPO, Hot Inflation Prints and New Fed Chair With New Ideas (E265)

Good News for Labor Proves Bad for Stocks (E264)

Animal Spirits, Abating Vigilantism Amid Headline Ping Pong (E263)

Return of the Bond Vigilantes (E262)

Tech Dominates Stocks, Treasuries Trade on Oil (E261)

April: Rebound in Stocks, Carry in Bonds (E260)

Double Embargo? Stocks, Consumers Dance in the End Zone (E259)

Fogs Lift a Bit, Animal Spirits a Lot (E258)

Drawdowns & Rallies: Seeing through a Fog Darkly (E257)

Correction Territory (E256)

Weakness Across Stocks, Bonds, Commodities (E255)

Market Swings Trading amid the Fog of War (E254)

Stocks Sell Off, Yields Rise, Energy Surges on War in Middle East (E253)

Wide Equity Dispersion, Cetrini’s Intelligence Crisis and Another Private Credit Cockroach (E252)

New Econ on Top for the Week, Curve Steeper Friday on Tariffs (E251)

More Rotation, Less Inflation (E250)

Sector Dispersion Across Stocks, Winners & Losers in Tech (E249)

Shifting Stock Momentum, Mixed Bonds, Silver Reversal (E248)

Lower to Mixed Stocks, Higher Rates, Precious Metals on Fire (E247)

News-Driven Stocks, Bonds and Oil (E246)

2025 Marks Strong Returns for Financial Assets (E245)

2025: Gains for Stocks, Bonds, Stellar Precious Metals (E244)

Weak Labor, Wait-and-See Inflation (E243)

Tech Stock Two-Step, Slight Risk Recovery and Fed Cut Likely a Lock (E242)

AI Skepticism, Stale Data and a Coin Toss (E241)

Mixed Market Week, Bitcoin Drop, AWOL Data and the Omega Penny (E240)

C + I sans G + (X-M) = :^(

Risk Assets Higher, Yields Higher Across Curve (E238)

Higher Stocks and Commodities, Weaker Gold, Bonds Carry (E237)

Broad-Based Gains, Quitting QT?, Moderating Mortgages (E236)

Debasement Trades, Tariff Tantrums & Scared Doves (E235)

Growth Rules, Gold Shines, Data Goes Dark (E234)

Quiet Stocks, Bonds, Macro; Commodities Higher (E233)

New Highs for Stocks, Uncertainty at the Fed (E232)

Broadly Green Week Heading Into Likely Fed Cut (E231)

Mixed Stocks, Bull Steepener in Bond Yields (E230)

A Quiet Week as Markets Await August Labor Data (E229)

Slow Roll Until Jackson Hole (E228)

Aug. 11-15: Stocks Disperse, Rates Reverse (E227)

A Mixed Bag for Markets and the Fed Signals a Dovish Tilt (E226)

A Week of Vol on Hawkish Powell and Weak Labor (E225)

Pain on Bears Amid Meme Stock Mania (E224)

Benign Markets Amid Tame Inflation, Resilient Consumers (E223)

Stocks and Copper Take the Tariffs’ Measure (E222)

Bulls in Control as AI Animal Spirits Alive and Well (E221)

Lots of Geopolitical Vol, Little Market Vol (E220)

Tame Inflation, But Tariff Consternation (E219)

Higher Stocks, Commodities, Volatile but Range-Bound Bonds (E218)

Recapping Volatile Month of May (E217)

Markets Price for Higher Term Premia (E216)

Yield Curve Control Waiting in the Wings? (E215)

Fed Between a Rock and a Hard Place (E214)

Stock Vol Just a Bad Dream to Rip van Winkle (E213)

Headline Fatigue or Just Normal Fatigue? (E212)

Relative Recumbence Post-Tariff Turbulence (E211)

More Turbulence Post “Liberation” or “Obliteration” Day (E210)

The Cruelest Month – for Risk Assets (E209)

Equities a Bit of a Bloodbath as Shift on Trade, Tariffs Looms (E208)

Uncertainty Makes Sense (E207)

Hard to Outrun this Bear (E206)

Tripping on the Trump Tariff Two-Step (E205)

Weekly, Monthly and Year-to-Date Market Recap (E204)

Equities Dip on Short Week Amid Mood Shift and Tightened Egg Rationing (E203)

Markets Take the Winding Road to Green (E202)

Morning for Mourning Manufacturers? (E201)

Fed Flusters Markets, DeepSeek Daunts Tech (E200)

Trump 2.0 Headlines a Short Market Week (E199)

Green Market Week and Blossoming Optimism (E198)

Markets Reprice for “No Landing” (E197)

Green 2024 Survives December’s Red Market Run (E196)

A Red Week Nearing End of a Green 2024 (E195)

A Friday-the-13th Week for Stocks and Bonds (E194)

Soft Landing on the Horizon? (E193)

A “Benign” Green Scene for Markets Heading Into Thanksgiving Week (E192)

Trump Trades, Powell Patience and Truss, Too (E191)

Stocks, Bonds, Commodities, Trump and Powell (E190)

Stocks, Bonds and Commodities Paint the Week Red (E189)

A Light Week Ahead of a Busy Macro Calendar (E188)

Waiting for Guy Fawkes Day (E187)

Mixed Markets, Tempering Fed Expectations (E186)

Stocks Mixed, Yields Rise, Energy Surges, Labor Surprises (E185)

Another Week, Another Run of Historic Highs for the S&P 500 (E184)

What’s the Impact of a Half-Point Rate Cut? (183)

Leading Signals for Recession and the Fed Funds Rate (E182)

Rough Market Week Amid (Another) Emerging Recession Signal (E181)

Benign Markets amid Muted Macro News (E180)

Stocks, Bonds, Commodities All Aboard on Rate Cuts (E179)

Rate Cuts Still on Track But Perhaps Not So Aggressive (E178)

A Volatile Week: Much Ado about Not Much? (E177)

Dovish Fed Day Flies Into Sahm Recession Signal on Friday (E176)

Taking “Home Run” GDP with a Grain of Salt (E175)

Lower Markets, But Bear-Beating Beats (E174)

Weaker CPI, Conflicting Consumer Signals (E173)

A Low-Vol Week for Markets and Macro (E172)

Mixed-Bag Market Week; Homing In on One Fed Cut in 2024 (E171)

The Fed Has the Same Data as Everybody Else (E170)

Awaiting a Wobbly Wednesday (E169)

Market and Macro Roundup for May 28-31 (E168)

Mixed Markets, Befuddled Fed, Falling Rate-Cut Odds (E167)

CPI Feeds a Green Trifecta (E166)

Senior Loan Officers: Tighter for Longer (E165)

Market-Moving Prints, Tapering QT and Powell’s Purple Tie (E164)

Looking Out for Stagflation, Slower QT and Tsy Refunding Hiccups (E163)

Red Stocks and Bonds, Green Commodities (E162)

A Market Squeeze on Hotter Inflation, Falling Rate Cut Expectations (E161)

TGA Balances and Treasury Securities Duration (E160)