Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per cent or more)....
...Well, Robert, I'm glad you asked me that because the Labour party under Starmer with its ruthless dragging back to the centre, it's ruthless expulsion of the hard left, silencing of the Corbynites, et cetera...
...Everyone expects Jay Powell et al to say “no rate increase today, but maybe in a month”....
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...Enough strength left over, in other words, to put off a recession for now. Think we’re wrong? Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...The addition of the “+” countries (Russia, Kazakhstan, Mexico et al) to the cartel have increased its market share....
...If we are right that consumer spending, despite some recent softening on the margin, is still at or above trend, that is another thing for Powell et al to fret over....
...Email me: robert.armstrong@ft.com....
...Prosecute fraud, maybe regulate crypto exchanges like casinos, and keep the SEC et al out of it. This is a disagreement about how to cordon off crypto so that when crypto burns, it is controlled....
...Arnott et al estimate that stocks ejected from the S&P 500 actually outperformed new entrants by an average of 2,200 basis points in the year after the index rejig (FTAV has written about the index inclusion...
...“Sometimes the Inland Revenue makes an enormous mess of their investigations and you’re entitled to challenge them.”...
...The mid 19th century saw the arrival of Italy’s big breweries — Peroni, Moretti, Poretti, Menabrea et al — as well as the grape phylloxera blight that drove demand for alternatives to wine....
...The suites vary, but all are 50sq m with courtyard entrances, and furnished with pieces by – or at least inspired by – Arne Jacobsen, Eero Saarinen, Joe Colombo, Isamu Noguchi, Charles and Ray Eames et al...
...All assets may perform badly under stagflation, but we’d rather own Pepsi, Johnson & Johnson, Kimberly-Clark, Bristol-Myers et al than sit and watch our cash lose its earnings power....
...Meanwhile in American male major league sports, teams are actually getting younger for a variety of reasons. In other words, Benzema et al are outliers....
...Whatever you might think of Robinhood et al, retail investors do appear to value their services. You can’t ignore the regulatory politics either....
...“I think they’re keen on keeping this place open to create an image that shows others who may well wish to seek safety in the UK that the way they’ll be treated will be unfavourable,” Harris said....
...Trump et al v....
...That said, a disputed presidential race has not gone as far as Congress in more than a century. In 2000, Al Gore decided to concede after the Supreme Court halted the re-count in Florida....
...For example, in a 2010 opinion (Chevron Corp v Steven Donziger, et al) handed down from the US district court in Manhattan, the judge wrote that the “evidence at trial established that Donziger, a New York...
...“The concept is comply or explain,” said Mr di Sibio, who argues this action will have a snowball effect.* Of course this begs another question: what happens to SASB, GRI et al?...
...“What you’re seeing is an expectation of a V-shaped recovery and that may prove to be too optimistic,” said one equity analyst....
...We’re at a “compelling entry point for Asos with operational issues of 2019 now behind it but still in the price”, it says....
...Certainly, the food remains classic and lush (guinea hen with truffles and Madeira et al), and the prices remain high to the point of becoming a sort of performance art....
International Edition