Hedge Fund Guru Bill Ackman Bets Against US Treasuries, Expects 30-Year Yields To Surge To 5.5%
Billionaire hedge fund manager Bill Ackman is shorting long-term U.S. Treasuries, specifically targeting the 30-year maturity. His prediction:…
Buying Humiliation: Taking The Opposite Side Of Michael Hartnett’s Emerging Markets Trade Of 2023
Sell Hubris, Buy Humiliation
As ZeroHedge has pointed out, Bank of America’s Michael Hartnett has been one of Wall Street’s most accurate analysts recently.
Chart via ZeroHedge
Second Quarter Earnings Are Worse Than They Look–How To See Beyond Deceptive Stats.
Beware of Deceptive Stats
Sometimes, you've got to look beyond the rosy headline stats to get a clearer picture of what's happening pseudonymous macro account "MrBlonde" did just that in this Twitter thread on Sunday, showing that corporate earnings in the 2nd Quarter are actually worse than they look.
Fading The Rip Higher: A Hedged Bet Against Technology Stocks After Tuesday’s Bounce
Not Buying The Bounce
Stocks ripped higher Tuesday, despite all the familiar macro headwinds remaining in place: record inflation, rising interest rates, pending profit downgrades, the ongoing Ukraine War, plus added tensions with China.
CPI Print Supports Worst-Case Scenario: The Fed Raising Rates Through A Recession
The Worst of Both Worlds
Earlier this week, TD Ameritrade's lead anchor, Oliver Renick, suggested that we were likely heading for a worst-case scenario: a recession with inflation still hot enough that the Fed would be compelled to continue to raise rates during it: