James Mackintosh

Markets embraced the central bank’s spirit of dovishness following the big rate cut this past week.

Getting out of the deflationary hole China dug itself is vital, and in the short run all stimulus will help. But for the long term, China needs to stop digging and start consuming

Getting out of the deflationary hole China dug itself is vital, and in the short run all stimulus will help. But for the long term, China needs to stop digging and start consuming

Deciding what sectors and companies are cyclical versus defensive has suddenly got a lot more complicated.

The U.S. central bank needs to kill its policy of “data dependency”—and get investors thinking about the bigger picture.

These narratives can be useful when examining how markets behave, but don’t expect them to explain the economy.

These narratives can be useful when examining how markets behave, but don't expect them to explain the economy.

Some investments tied to a Trump win clearly worked, but with questionable logic. Others worked but at least in part for the wrong reasons. Some failed miserably.

Selecting which Trump trades turn into Trump investments is just as difficult this time around as it was in his first term. The right bets might seem obvious now, but they did back then, too.

Crypto bros expect the industry to benefit under the new administration, but it isn't clear that also means bitcoin itself will benefit.