Market Making

Soft Landing Hope Rises

CPI cools and markets drool, Morgan Stanley finds hope in a soft place, and an important update...

Jul 13, 2023 • 

Market Making

8

June 2023

Goldman Talks Geopolitics and Equity Cycles...

The BoE blindsides, Goldman's oil frustrations continue, and the optimism phase of this equity cycle may be too optimistic...

Jun 28, 2023 • 

Market Making

Pause Without a Cause...?

The Fed creates a momentary "melt up", Goldman takes a victory lap, and markets brood over the Bank of England's bungling...

Jun 21, 2023 • 

Market Making

Goldman Did a Poll...

Some weekend reading for you, along with the results of Goldman's monthly poll of over 900 institutional investors...

Jun 15, 2023 • 

Market Making

3

The Fed May Skip, and Goldman Has a Theory...

The wishy-washy case for skipping, revisiting wage inflation worries, and Goldman has a theory on this tech rally...

Jun 8, 2023 • 

Market Making

3

December 2022

Powell Pumps as Wages Get Revised Up...

Financial conditions continue to ease, wage inflation continues to confound, and the future of Market Making...

Dec 4, 2022 • 

Market Making

November 2022

Happy Thanksgiving...

Given how sleepy markets were this week with the holiday, there's just an abbreviated newsletter this week.

Nov 28, 2022 • 

Market Making

Goldman Tries to Predict the Future...

The dominate macro themes of the year ahead, a post-mortem from JPM on last week's risk-on rally, stagflation strikes the United Kingdom, and much…

Nov 20, 2022 • 

Market Making

Cooling CPI and Raucous Rallies...

Explaining the record-setting risk-on rally, thinking through the Fed's new reaction function, and why Goldman is now floating the idea of raising the…

Nov 13, 2022 • 

Market Making

No Premature Pausing...

Powell breaks out his hawkish handbook, a legendary hedge fund doesn't like what it sees, and the BoE brazenly begs the market to reconsider the yield…

Nov 6, 2022 • 

Market Making

October 2022

Premature Potential Pivots...

The Fed puts itself in a quandary, the gilt crisis comes to a close, the BoJ embraces rates divergence, and the one question Goldman thinks everyone…

Oct 31, 2022 • 

Market Making

In Search of Market Tremors...

Concerns arise over treasury market liquidity, why volatility could be a virtue to central banks, another intervention occurs, and Goldman rethinks…

Oct 23, 2022 • 

Market Making