By: John E. Charalambakis | On: January 19, 2023 |
Are the markets sending signals that run contrary to downbeat expectations? The latter includes IMF estimates for a global slowdown accompanied by recessions around the world, announced layoffs, lower earnings, accumulated […]
By: John E. Charalambakis | On: January 4, 2023 |
It is possible that last year marked a pivot in the markets’ trajectory that is being shaped by too much debt facilitated mainly by central banks, geopolitical risks, the deflating […]
By: John E. Charalambakis | On: December 31, 2022 |
As I was approaching the gate for my end-of-year flight to Montevideo, I could clearly see ahead of me Matthew Arnold and Canaletto. What I couldn’t see was a painting […]
By: John E. Charalambakis | On: December 6, 2022 |
What kind of conclusions could we draw by looking at the two images below? The first one relates the economy’s orders to the S&P 500. Orders could be considered a […]
By: John E. Charalambakis | On: November 29, 2022 |
Over the course of 25+ years, we came to believe that inflation was dead, there was no alternative to stocks, interest rates will stay low forever, tech companies’ stocks will […]
By: John E. Charalambakis | On: November 4, 2022 |
Wednesday evening, I was reading an editorial praising Chairman’s Powell performance following the Fed’s decision to raise rates by another 75 bps. “One for the hawks, one for the doves,” […]
By: John E. Charalambakis | On: November 1, 2022 |
John E. Charalambakis Jonathan Swift’s marvelous work of Gulliver’s Travels is full of subliminal messages regarding geopolitics, statecraft, rationality/irrationality, and intrigues where trivial issues promoted by fanatical incompetent idiotic characters become the […]
By: John E. Charalambakis | On: October 11, 2022 |
John E. Charalambakis Could we see another 15%+ market downturn? Absolutely. Could the bond market illiquidity issues get worse? Yes, they could. Could the Ukrainian war expand and undermine European […]
By: John E. Charalambakis | On: October 5, 2022 |
Dancing? Catastrophilia? How else would you characterize the following graphs? In the first, we have the wild swings of the markets in the last three months (in a nevertheless bell-shaped […]
By: John E. Charalambakis | On: February 21, 2023 |
Market Plays in a Machiavellian Garden with Aristotelian Fences
When we read market headlines nowadays, the focus is on inflation and the direction of interest rates. The stickiness of prices, as demonstrated by the slowdown in the decline of […]