...is the 'QE trade' back?

The forecast is 36% higher than its April estimate. Other experts warn that an AI bubble or speculative data center proposals could be fueling excessive load growth projections.

Dollar continued to weaken amid prospects of a more dovish Fed Chair next year, and mixed data releases.

US ADP turns negative again; ISM Services PMI tops headline expectations; EIA shows surprise crude stock build; Aussie GDP falls short; Swiss CPI comes in soft; EU to propose Russian oil import ban in early 2026; Glencore lowers copper production guidance; US mulls allowing Maduro to relocate to Qatar; MSFT denies reports that it lowered its AI sales quotas.

Markets have a vital role, as do chairs, but expecting them to reflect the potential enormity of what’s going on could end up with you being in very cold water...

We welcome dissent at the Fed. We welcome change. Groupthink, as managed by one person, the Chair, has led to significant policy errors...

CNBC quotes a Microsoft spokesman who denies the Information report, saying the company "did not lower sales quota."

... the survey indicates that the economy is so far expanding at a 2.5% annualized GDP growth rate in the fourth quarter.

Commodities have broken out of their three-year range, signaling there are still global inflation pressures not fully priced in by Treasury yields...

It’s not elegant, it’s not moral, but it’s historically reliable...

"Right now, the data argues for additional Fed funds rate cuts. US labor demand is weak, consumer spending is showing early signs of cracking, and upside risks to inflation are fading" 

Flows into European-domiciled US equity ETFs are falling, a sign foreigners’ sentiment on the US market is becoming more negative...

"In 2026, we are going to see very substantial..." 

Germany now has the highest domestic electricity prices in the developed world, while the U.K. has the highest industrial electricity rates

Attention youngsters: It's time to ditch the useless gender degree. 

...boy, that escalated quickly...