The way I’m thinking about this is “Don’t be surprised.”

Here’s my Chart o’ the Day: 

“Last week, Goldman issued a report that was bullish on the prospect of vaccine approval in 2020”

Peter Boockvar says inflation is the next shock markets will have to deal with

Just a quick update on the gold breakout I wrote about on July 1st. Lots of follow-through for the metals ETFs and related mining stocks. Gold is now decisively above its previous nominal highs. In my experience, once an asset class or commodity takes out a multi-decade high, it’s probably a mistake to think you’re…

Congress hasn’t renewed the benefits in time for overwhelmed state unemployment systems to adjust their computers.

The last time the Euro trended higher against the dollar was in 2017, which is also the last time international stocks outperformed the S&P 500. The dollar breakdown I talked about earlier this week continues to attract the attention of traders but the notice of the press. Here’s the EURUSD pair breaking out of a…

Updating all my macro models to incorporate a “get long housing during pandemics” trade so that I can impress you next time. Look at this s*** You can borrow at two-and-change percent to buy a house as you flee the city for the suburbs, now that your current or future job probably doesn’t care where…

What if I told you that the increase in spending by people on the unemployment rolls this spring actually led the recovery in total spending off the lows? 

It can be counterintuitive but it’s important to remind ourselves of this.