Japan is quiet about whether it intervened on the yen because it has to be, John Authers says. What really matters is being decided by the Fed trib.al/PyFpSRL

Is the copper price trying to tell us something?

Japan is quiet about whether it intervened on the yen because it has to be, John Authers says. What really matters is being decided by the Fed trib.al/wmOXitW

The Magnificent Seven win the showdown with stagflation, says John Authers, as investors find good news in a mixed bag of economic data, earnings and wild market behavior trib.al/synMg4R

Worth Reading: Wall Street Humbled as Fast-Reversing Markets Confound the Pros bloomberg.com/news/articles/…

Golly. Earlier this month there was an intense debate over whether the BOJ would let the yen go through Y152/$, and what would happen if it did. Now we know:

Golly. Earlier this month there was an intense debate over whether the BOJ would let the yen go through Y152/$, and what would happen if it did. Now we know:

10-year yield up 50bps so far in April. Cruelest month indeed:

Cool, Britannia! The FTSE 100's new record isn't a clean bill of health, says John Authers. But the future looks rosy for rates and defense stocks trib.al/WwPnAZX

Four financial question for Passover, posed by John Authers, on the Middle East, the US economy, the Magnificent Seven and gold trib.al/kfSMrX7 via Bloomberg Opinion

Worth reading; biting judgment on Liz Truss by former Telegraph editor Max Hastings thetimes.co.uk/article/liz-tr…

'If the US avoids a recession, last year’s rise in [Beige Book] negative sentiment will prove to be the worst on record that didn’t end in a downturn.'

John Authers

The oil market sustained quite a jolt from Isfahan:

Found the word to describe the case where policymakers destroy whatever chance globalization had of delivering good: blowbalization.

Fascinating read: Are the Supreme Court's conservatives true textualists or partisan hypocrites? The Jan. 6 case will give us an answer, argues Noah Feldman bloomberg.com/opinion/articl… via Bloomberg Opinion

Can markets still be efficient if most investors aren’t even paying attention? Surprisingly, @allisonschrager says, the answer is yes. Now I have to decide if I agree..... bloomberg.com/opinion/articl… via Bloomberg Opinion

Sentiment is driving investors in unexpected ways, says John Authers. It may be a smart move to watch the 'dumb money' trib.al/QvfMcBk

Interesting IMF chart on the rundown in 'savings from the pandemic.'
Note, in particular, the US relative to other advanced economies.
#economy #econtwitter IMF

Powell is turning the screws with the Fed's higher-for-longer rates policy. John Authers surveys how other central banks and markets can't keep up trib.al/OrzR756

'Long Treasuries are once again yielding more than stocks. For a generation that had grown accustomed to a stock market that yielded more, making asset allocation decisions much easier, this development makes life much harder.' bloomberg.com/opinion/articl…
--@JohnAuthers, @Opinion