16 May 2025

Category: Macroeconomics

Friday Recap: Don’t Price in WW3, Fed Minutes, and Tesla “Deliveries”

Fed Minutes The Federal Reserve released its minutes for the December meeting, and here are the key takeaways: The overarching tone of Fed minutes is that members are on the same page regarding policy. However, futures market data seems to have already priced in optimism for one more rate cut by the end of the…

4 January 2020
Icahn’s noxious no-brainers and America’s share buyback binge: Is value extraction a sham?

Icahn’s traveling roadshow is only marginally better than the criminal activities of Bain Capital. These vicious business vultures swoop in, gain control of the shares, get the company to load up on back-breaking debt to commence a share buyback scheme which they sell into and walk away from long before the company’s books explode all…

20 December 2019
The U.S. Fed and market liquidity or welcome to the everything bubble

A translation of this article is available in Chinese at our partner website, NAI500 here. Before I get into the U.S. Fed and its market liquidity shenanigans, I should explain something that changed the way I view the world, kinda like the time I discovered Disney shoved lemmings off a cliff for ratings, almost making…

14 December 2019
Thursday Recap: Buy the Rumour, Sell the News

There we go. It’s here. President Donald Trump agreed to a phase-one trade deal with China, averting the Dec 15 introduction of new tariffs on $160 billion worth of Chinese goods.

13 December 2019
Wednesday Recap: Fed Gets the Devil’s Advocate

Stocks Fall, Stocks Rise US and China are moving closer to agreeing on the amount of tariffs that will be rolled back the phase-one deal, despite tensions over Hong Kong and Xinjiang. You can almost know for certain that you will never know for certain when it comes to Trump. Insider sources suggested that the…

5 December 2019
Tuesday Recap: No Deadline for Tariff Man

“No Deadline” for Tariff Man Stocks dropped and bonds rallied in global markets shortly after President Trump fired his tariff weapon to France and Latin American Countries yesterday, and announced today that there is “no deadline” for reaching a trade deal with China. He added that he liked “the idea of waiting until after the…

4 December 2019
Monday Recap: The Tariff Man Returns

Return of the Tariff Man Thanksgiving is over, and tariff man strikes again! This time: the victim is France. The US proposed tariffs on some $2.4 billion in French products, a response to a tax on digital revenues in France that hits large American tech companies including Google, Apple, Amazon, and Facebook. “France’s digital services…

3 December 2019
Friday Recap: Canada’s Economic Slowdown

Bond Sales Reach Record Highs With central banks cutting rates and yields dropping, investors have fled to other alternatives, primarily corporate bonds to get returns. Over $2.43 trillion worth of bonds have been sold this year so far, and many have scored double-digit returns on bond sales. For instance, here’s a story about a UBS…

30 November 2019
Wednesday Recap: MedMen’s Woes and Trading The Trade War

Deal or No Deal? We’ve heard major news about the “phase one” deal being finalised and markets have traded up on looming optimism. But let’s not forget that Hong Kong is in the midst of a violent pro-democracy protest. Today, President Donald Trump signed legislation that expresses US support for protestors, a move that threatens…

28 November 2019
Tuesday Recap: Dell, Best Buy, and China’s Slowdown

Dell Earnings The firm reported third-quarter earnings today that beat estimates for earnings per share, but fell short of meeting the street’s revenue expectations. Here are the stats: Shares traded down in aftermarket trading as the firm cut its FY2020 sales forecast. It’s not that surprising because if a firm is reducing its own expectations…

27 November 2019