Here’s the factual headline you didn’t see yesterday: “CPI Falls Second Month In A Row!”
Donald L. Luskin
Inflation Fears are Over-Inflated
Thursday, February 15, 2018
Inside the VIX Engine of Destruction
Thursday, February 8, 2018
Here’s how contagion from volatility derivatives transmits to the equity markets.
Crash Without a Cause?
Tuesday, February 6, 2018
Stocks got cheaper because they got riskier, and risker because they got cheaper. That’s all?
It’s Just the Reflation Trade, People!
Monday, February 5, 2018
Overdue and inevitable. The animal spirits driving the bond back-up is all good for stocks.
On the January Jobs Report and the Yield Back-Up
Friday, February 2, 2018
Fake news! Wage growth actually slowed last month, and rising yields don’t mean a tighter Fed.
On the January FOMC
Wednesday, January 31, 2018
The Fed warns of “further” rate hikes – but only because the economy can go “further” too.
Bull Market, Meet Your New Fed
Monday, January 29, 2018
Since TCJA, one new 2018 hike is expected. Stocks and yields agree it’s not a tightening.
150 Million Barrels To Go
Monday, January 22, 2018
US production moves to all-time highs, yet the global petroleum market keeps tightening.
A Year of Upgrades in 16 Days
Tuesday, January 16, 2018
We rest our case that the tax cuts weren’t fully discounted. And they still aren’t.
Tax Reform Has Released the Bulls
Friday, January 12, 2018
P/E ratios may seem high, but policy changes augur much better earnings in the coming years.