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Wall Street Fireworks: So Bright, So Hot, So Loud They Linger
The second quarter just wrapped up with the kind of fireworks that should give even the most cynical observer a reason to smile. After a
When Big Short Turns On Big Silicon, There’s Always Something To Buy
We need to talk about the memory chip market. Right now, the market feels a lot like a late-night party where someone just suggested breaking
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Warsh: Maestro Greenspan Mark 2?
The central bank has a new leader — and if his initial remarks are any indication, the era of the predictable, hyper-communicative monetary policy script is officially over. Stepping into the role of central bank chief, Kevin Warsh has dropped some heavy hints that he
Nvidia Grows Up With Moves From The Apple Playbook
When a company prints money as fast as Nvidia has been doing lately, it eventually runs into a luxury problem: what do you do with all that green? For the longest time, the company’s answer was simple. You plow it right back into the artificial
Ahead of June Meeting, Warsh Faces a Divided Fed
Just when Wall Street thought it had the interest rate trajectory all mapped out, a prominent central banker decided to flip the script. Federal Reserve Governor Christopher Waller, who not too long ago was waving the banner for cheaper borrowing costs, just threw a bucket
Welcome To The Fed, Kevin Warsh!
Kevin Warsh steps into a role where political pressure for lower rates will clash directly with hard economic data. Despite calls from public leaders for immediate relief, the central bank’s hands are effectively tied, no matter who runs the policy meetings. Lowering interest rates prematurely
Why It’s Hard To Cheer This Record Rally
Wall Street has a way of making everything look smooth, balanced, and rewarding. If you only glance at the headline numbers for the S&P 500, it looks like an absolute party. The index has been marching to consecutive fresh highs, pushing its valuation significantly above
Keeping The “K” In The Job Market
The latest labor data just dropped, and if you listen to the cheers coming from certain corners of Washington, you’d think we’d found the golden ticket. The U.S. economy added 115,000 jobs in April, comfortably cruising past the 65,000 many experts penciled in. On the