Credit Writedowns

I am using Tesla as an example here more than anything. I am not about to delve into Tesla's loss-making operations and make a case against the stock specifically. But I do want to highlight the 'bubble' that Tesla represents.

This report shows the US economy in a good way. In terms of things the Fed watches, both employment and inflation look good.

The macro data are good enough for the Fed to dismiss economic concerns for adding a hike in December. The market is only pricing in this hike at 33.2%.

Too many observers mistakenly focus on the net positions in the futures market. Drilling down from the net to the gross positioning is very revealing. The gross euro longs have risen in four of the past five weeks. And there is another…

I have talked a decent bit about the jobs report in my last two posts here. So I want to say more about what the information in that report says to Fed members, given recent Fed guidance and speeches. I am going to lean heavily on comments…

The biggest positive takeaway is that trend growth in non-farm payrolls is heading up. For me, it suggests that the economy has legs.

By Marc Chandler This post first appeared on Marc to Market The US jobs data was stronger than expected and yet the impact on the dollar is modest.  The market is as confident of a hike at the June 13 FOMC meeting as it gets about…

The US jobs number just came out and the figures were quite good. Two-year yields spiked on the news.

There are reasonable scenarios in which monetary policy continues to tighten, fiscal policy does not loosen and the economic trajectory slides down into stall speed, even before the full economic impact of tariffs are felt.

The latest report on weekly claims for unemployment insurance was released today showing 221,000 new claims. That takes the 4-week average to 222,250, which compares favourably to the year ago figure of 241,250. Some comments below I…