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Robert Armstrong dissects the most important market trends and discusses how Wall Street's best minds respond to them. Sign up here to get the newsletter sent straight to your inbox every weekday.
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And more on growth, value and rates
Also, Glencore and Bluebell
And a defence of Twitter
Investors looked right past Delta
And why people like terrible bitcoin ETFs
And fixing the Treasury market
Things are fine, but sentiment is euphoric
And revisiting retail
Sovereign yields, on the other hand . . .
Glimmers of change in a brutal market
And bitcoin’s identity crisis
Also, Ark and consumer sentiment
And Zillow vs Opendoor
And central bank forward guidance is kind of lame
Also, General Electric RIP
What happens if junk-rated companies can no longer refinance their dollar-denominated debt?
Plus Icarus markets, and Lael Brainard
And value vs growth
Also, buybacks and stablecoins
The future proves hard to predict, again
And bubbles are very bad
And holy crow look at Tesla option volumes
Costs are high, but pricing power is strong
. . . the rally never ends
And how good are earnings so far?