Martin Baccardax
@mdbaccardax.bsky.social
Senior Writer - Barron's. Citizen of the world. Ex-ante antediluvian https://www.barrons.com
Canada still out here pretending it matters … e for effort, I suppose.
Tariq Panja@tariqpanja.bsky.social · 2h agoCanada’s prime minister Mark Carney says he has lost confidence in Gianni Infantino. Canada one of the three co-hosts of the 2026 World Cup.
Forest Gump going after Nick for (checks notes) for being "spoon fed" by higher powers. Irony remains buried underneath a pile of debris in the woodshed.
Michael Derby@michaelsderby.bsky.social · 7h agoAs evidence for Warsh’s rough start as Fed chair, the Treasury secretary is now going after reporters for their coverage of the central bank.
Wells CEO looking for a job in the Trump administration ... embarrassing.
A bank CEO assuming that higher credit spendning from lower income customers is a good thing ... is about as absurd a proposition as I can think of.
Surely it's algos reacting to Forest Gump, and not actual human investors?
Kernen: probalby in the US interests not to see a run on the yen. Yen past five years: -50% US stocks past five years: +71%
Absent crude shocks, he’s probably right … although “2%” is likely at least two years away …
FinTwitter@fintwitter.bsky.social · 3d agoFed’s Williams: rate policy still well positioned to reach 2% inflation
Do you say "please" and "thank you" to your AI chatbot? I confess I do ... I feel odd about it, but I can't stop doing so.
If you need an hour of distraction, Maggie Haberman (sans Swan) sits down with Ezra Klein on his podcast. Great insight, and a sober assessment of the new political reality. Very much worth the time.
Hey CNBC. .. check you lower third. 10s are trading at 4.734%
10s have added around 5 bps this morning .. oil's flipped from down 1.7% to up 1.7% ... not seeing a headline ... Weird ...
Amazon here bragging about back order boos like they’re Boeing AI, man … boy I don’t know.
I hope people understand how far off the proverbial FIFA has wandered now that (I think I have this right) *UEFA* is planning a boycott!
The 10-year note is "self contained" says Santelli. It's up 70 basis points from the end of February and bumping its head on the highest since 2023. With containment like this, who needs vigilantes?
Kernen is chemicallly prevented from allowing anyone apart from a Repubclian lawmaker to finish a sentence. It's gross.
Result: Fed held MSFT held capex META increased lower end capex Trump launched new attacks Coins in the cap as you pass by, please …
Martin Baccardax@mdbaccardax.bsky.social · last wk.Prediction: Fed holds MSFT trims capex META increases capex Trump launches new Iran offense after the close ... Pin it!
Warsh is very Trump-like in assuming makers will simply believe anything he says. Well, he said nothing, so markets filled in the blanks … Creditibilty lost in the second meeting, and only a hike will get it back. And a hike in Sept will infuriate Trump. Welcome to the new job, mate.
Where are 10s, Rick? ... nearyl 70 basis points higher than where they were on Feb. 27.
Santelli, in defsense of Fed "doing the right thing", completely ignores 30-year bonds at 5.2%. Joke. Absolute joke.
Meta misses ... *and* lifts lower-end capex? -7% in premarket
SPX down 2.2% for the month ... 4.65% from June 2 peak Nasdaq -9.5% from peak, a bad META/MSFT print away from correction.
New cycle high on 30s ... 5.20% ... Doin' a heck of a job, Warshy.
BIg curve steepening during Warsh pressure ... 30s now 5.17% ... 10s 4.64% ... 2s 4.22%
Warsh hinting to fewer pressers next year? Drahi did it at the ECB ... dollars to proverbials Warsh does the same.
