I have a conversation scheduled for 4PM today with Real Vision CEO and Co-Founder Raoul Pal. And I wanted to use today's newsletter as a 'prep' for tha…
Edward Harrison
Just now, I was looking through the Credit Writedowns archives, searching for the phrase "to the upside" because, today I am thinking about risks being…
Edward Harrison
This post is a bit of a catch all on what's happening right now because there is no dominant theme consuming markets. After the spike higher in rates, …
Edward Harrison
Listen, the big news today is that, yesterday, I got the first shot of a two-shot Pfizer COVID-19 vaccination dose. I feel well less than 100% today to…
Edward Harrison
Happy Tuesday! For me, it's actually like a Monday because I took a 5-day holiday over Easter and am coming back to work today with relatively fresh ey…
Edward Harrison
Real quick on this Good Friday The US jobs report for March was superb. We got everything we wanted to see except an improvement in hourly earnings. In…
Edward Harrison
The headlines I'm seeing this morning are downbeat. They point to an imminent coronavirus wave from mutant strains and a continued rise in interest rat…
Edward Harrison
Last week's initial jobless claims figure was unexpectedly low at 684,000 versus expectations for 730,000 and 781,000 the prior week. While this is jus…
Edward Harrison
I have been watching the third wave make its way across Europe and reading the European press to get a sense of how bad it is. And it definitely looks …
Edward Harrison
As the new week begins, I have three subjects I am focused on. The first is the coronavirus, where the mutant-inspired infection wave I have expected i…
Edward Harrison
Yesterday the US Federal Reserve Open Market Committee released a policy statement that it has decided to stay the course on accommodative monetary pol…
Edward Harrison
I expect to see more of the bear market in bonds in due course. Eventually, I think it's the sell off in Treasuries that will force the Fed's hand. But…
Edward Harrison