Lisa Abramowicz
@lisaabramowiczx.bsky.social
Co-host of@bsurveillance
bloomberg.com/btv/series/blo…
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The cost of protecting Oracle’s debt against default reached its highest since March 2009 yesterday, with the cost more than tripling since June. bloomberg.com/news/articles/…
December 3, 2025 at 7:29 PM
The cost of protecting Oracle’s debt against default reached its highest since March 2009 yesterday, with the cost more than tripling since June. bloomberg.com/news/articles/…
The Magnificent 7 cohort of stocks has gained almost 300% since the launch of ChatGPT three years ago: Deutsche Bank
December 2, 2025 at 12:40 AM
The Magnificent 7 cohort of stocks has gained almost 300% since the launch of ChatGPT three years ago: Deutsche Bank
Meanwhile, ChatGPT appears to be losing some of its dominance in the chatbot sphere: ft.com/content/888106…
December 1, 2025 at 8:13 AM
Meanwhile, ChatGPT appears to be losing some of its dominance in the chatbot sphere: ft.com/content/888106…
More US families are renting homes because it’s much cheaper. Pretium estimates that to restore cost parity between owning and renting, mortgage rates would need to drop by about 2.5 percentage points from current levels, from 6.2% to 3.7%, holding other variables constant.
November 28, 2025 at 9:30 AM
More US families are renting homes because it’s much cheaper. Pretium estimates that to restore cost parity between owning and renting, mortgage rates would need to drop by about 2.5 percentage points from current levels, from 6.2% to 3.7%, holding other variables constant.
Continuing US jobless claims rose to the highest since 2021 in today's claims report, implying that people who don't have jobs are having a harder time finding new ones.
November 21, 2025 at 1:49 AM
Continuing US jobless claims rose to the highest since 2021 in today's claims report, implying that people who don't have jobs are having a harder time finding new ones.
Chinese financial institutions have lent more than $200 billion to the US over the past 25 years, backing 2,500 projects in almost every state, including gas pipelines and airport terminals. More than half the lending, $103 billion, was made since 2018.
www.washingtonpost.com/world/2025/1...
www.washingtonpost.com/world/2025/1...
November 20, 2025 at 3:22 AM
Chinese financial institutions have lent more than $200 billion to the US over the past 25 years, backing 2,500 projects in almost every state, including gas pipelines and airport terminals. More than half the lending, $103 billion, was made since 2018.
www.washingtonpost.com/world/2025/1...
www.washingtonpost.com/world/2025/1...
Investors are holding one of the lowest proportions of cash in modern history: November BofA global fund manager survey. "Cash levels of 3.7% or lower has occurred 20 times since 2002, & on every occasion stocks fell and Treasuries outperformed in the following 1-3 months:" BofA
November 19, 2025 at 3:41 AM
Investors are holding one of the lowest proportions of cash in modern history: November BofA global fund manager survey. "Cash levels of 3.7% or lower has occurred 20 times since 2002, & on every occasion stocks fell and Treasuries outperformed in the following 1-3 months:" BofA
A stock market correction would cause a huge hit to consumption “given the concentration of spending power among top income households:” RBC’s Mike Reid. “The top 20% of households hold approximately 87% of all directly and indirectly held corporate equities.”
November 19, 2025 at 12:03 AM
A stock market correction would cause a huge hit to consumption “given the concentration of spending power among top income households:” RBC’s Mike Reid. “The top 20% of households hold approximately 87% of all directly and indirectly held corporate equities.”
This is why people have grown increasingly worried about the financing behind AI over the past few months: bond issuance has surged since September, and global financing of data centers is expected to balloon to almost $3 trillion just through 2028. wsj.com/finance/invest…
November 17, 2025 at 10:36 PM
This is why people have grown increasingly worried about the financing behind AI over the past few months: bond issuance has surged since September, and global financing of data centers is expected to balloon to almost $3 trillion just through 2028. wsj.com/finance/invest…
Annual US corporate bankruptcy filings are on track to be the highest since 2010: S&P data. "Expect more of these 'isolated incidents' to occur, potentially in other sectors like software." spglobal.com/market-intelli…
November 14, 2025 at 12:47 AM
Annual US corporate bankruptcy filings are on track to be the highest since 2010: S&P data. "Expect more of these 'isolated incidents' to occur, potentially in other sectors like software." spglobal.com/market-intelli…
Tech bonds are getting hit hard of late as debt traders start wondering if they're getting left with the bill for the stock market's enthusiasm. Oracle's $3.5 billion of 30-year debt issued in September has cratered by 8% from the October peak.
November 14, 2025 at 12:42 AM
Tech bonds are getting hit hard of late as debt traders start wondering if they're getting left with the bill for the stock market's enthusiasm. Oracle's $3.5 billion of 30-year debt issued in September has cratered by 8% from the October peak.
The median age of a US home buyer now sits at a record high of 61 years, while the share of first-time buyers has fallen to a record low 21%: National Association of Realtors data via SMCB's Troy Ludtka
November 12, 2025 at 6:06 AM
The median age of a US home buyer now sits at a record high of 61 years, while the share of first-time buyers has fallen to a record low 21%: National Association of Realtors data via SMCB's Troy Ludtka
"Today, wage growth for low-income workers is significantly lower than wage growth for middle- and high-income workers:" Apollo's Slok apolloacademy.com/the-k-shaped-e…
November 10, 2025 at 5:32 PM
"Today, wage growth for low-income workers is significantly lower than wage growth for middle- and high-income workers:" Apollo's Slok apolloacademy.com/the-k-shaped-e…
US companies announced the most job cuts for any October in more than two decades. "This comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes:” Challenger, Gray & Christmas bloomberg.com/news/articles/…
November 7, 2025 at 12:53 AM
US companies announced the most job cuts for any October in more than two decades. "This comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes:” Challenger, Gray & Christmas bloomberg.com/news/articles/…
The Mag 7 stocks have accounted for almost half of the S&P's 15% gain this year. Microsoft, Alphabet, Amazon and Meta are expected to post a combined $360 billion in cap ex in their current fiscal years, and nearly $420 billion next year: Bloomberg data. bloomberg.com/news/articles/…
October 27, 2025 at 4:34 PM
The Mag 7 stocks have accounted for almost half of the S&P's 15% gain this year. Microsoft, Alphabet, Amazon and Meta are expected to post a combined $360 billion in cap ex in their current fiscal years, and nearly $420 billion next year: Bloomberg data. bloomberg.com/news/articles/…
The Bloomberg Dollar spot index just hit a new post-2022 low. The dollar keeps weakening on the heels of an FOMC statement that prioritized economic growth over inflation.
September 20, 2025 at 3:31 AM
The Bloomberg Dollar spot index just hit a new post-2022 low. The dollar keeps weakening on the heels of an FOMC statement that prioritized economic growth over inflation.
The S&P 500 has closed at a record high 24 times this year, and the Nasdaq, 22 times. Meanwhile, credit keeps rallying, with yields on the lowest-rated bonds falling to the lowest since April 2022.
September 12, 2025 at 10:50 PM
The S&P 500 has closed at a record high 24 times this year, and the Nasdaq, 22 times. Meanwhile, credit keeps rallying, with yields on the lowest-rated bonds falling to the lowest since April 2022.
The number of workers on US payrolls will likely be revised down by 911,000, or 0.6%, in the year through March. That’s the largest markdown since at least 2000, and as a percentage of the workforce, is the most since 2009. Final figures are due next year. bloomberg.com/news/articles/…
September 10, 2025 at 12:57 AM
The number of workers on US payrolls will likely be revised down by 911,000, or 0.6%, in the year through March. That’s the largest markdown since at least 2000, and as a percentage of the workforce, is the most since 2009. Final figures are due next year. bloomberg.com/news/articles/…
Goldman Sachs expects gold to surge to $4,000 an ounce by mid-2026. If the Fed's credibility gets significantly eroded, GS sees gold nearing $5,000. Gold prices have already doubled in the past three years. bloomberg.com/news/articles/…
September 5, 2025 at 11:09 PM
Goldman Sachs expects gold to surge to $4,000 an ounce by mid-2026. If the Fed's credibility gets significantly eroded, GS sees gold nearing $5,000. Gold prices have already doubled in the past three years. bloomberg.com/news/articles/…
Today's jobs report showed a stagnant labor market, with the unemployment rate rising to the highest since 2021. Traders are now fully pricing in 100bp of cuts by March 2026.
September 5, 2025 at 11:07 PM
Today's jobs report showed a stagnant labor market, with the unemployment rate rising to the highest since 2021. Traders are now fully pricing in 100bp of cuts by March 2026.
For retailers, price increases have generated most of the growth in sales since 2021, with volumes largely flat. Meanwhile, companies are cutting staff on the margins and relying on new technologies to fill gaps. “The processes are human-light now." wsj.com/business/earni…
September 3, 2025 at 5:20 PM
For retailers, price increases have generated most of the growth in sales since 2021, with volumes largely flat. Meanwhile, companies are cutting staff on the margins and relying on new technologies to fill gaps. “The processes are human-light now." wsj.com/business/earni…
With a backdrop of potential fiscal instability in developed-market economies, gold prices are surging to new record highs. Traders are waiting for bond vigilantes to discipline politicians, but we're not there yet.
September 3, 2025 at 5:19 PM
With a backdrop of potential fiscal instability in developed-market economies, gold prices are surging to new record highs. Traders are waiting for bond vigilantes to discipline politicians, but we're not there yet.
France faces a potential collapse of its government as soon as Monday when a no-confidence vote may oust the country's current leadership and its plan to cut spending. Yields on French 30-year bonds are at the highest since the 2011 euro debt crisis.
September 3, 2025 at 5:19 PM
France faces a potential collapse of its government as soon as Monday when a no-confidence vote may oust the country's current leadership and its plan to cut spending. Yields on French 30-year bonds are at the highest since the 2011 euro debt crisis.
The UK faces the doom loop of rising borrowing costs, growing deficits and a government facing a lot of bad choices to raise revenues. Yields on 30-year gilts have reached their highest levels since 1998. (1 of 3)
September 3, 2025 at 5:19 PM
The UK faces the doom loop of rising borrowing costs, growing deficits and a government facing a lot of bad choices to raise revenues. Yields on 30-year gilts have reached their highest levels since 1998. (1 of 3)
The gap between 2-year and 30-year US yields has steepened to the widest in three years.
August 15, 2025 at 5:08 PM
The gap between 2-year and 30-year US yields has steepened to the widest in three years.