Every morning, we run the Narrative Machine on the past 24 hours worth of financial media to find the most on-narrative (i.e. interconnected and central) stories in financial media. It’s not a list of best articles or articles we think are most interesting … often far from it.
But for whatever reason these are articles that are representative of some sort of chord that has been struck in Narrative-world.
It’s hard to create a wall of worry when the Fed is in full CREEP mode (yes, that’s a Nixon reference … you could look it up) and all the US PMIs are way over 50, but haters gonna hate and the Street gonna fake. Or at least that’s what Taylor Swift would say.
We have a BLARING SIREN that is FLASHING … <checks notes> … ummm, amber. I mean, AMBER!
I feel like JPM is increasingly becoming a parody account.
It’s Not Too Late to Buy LivePerson Stock [Fox Business]
Whew! And here I thought that it might be too late.
Small-cap and mid-cap TMT stocks like LivePerson ($1.8B mkt cap) are the mothers milk of sell-side coverage and Fiat financial media, with far more analyst coverage and media puff pieces than you’d think. Why? Because they’re pure story.
Two “‘feels” and one “sees” in this paragraph, plus two “earlys” and a “massive”. It’s all a steak-and-egg breakfast for narrative connoisseurs, with a “seek to evolve” as Hollandaise on top.
Bond market says not only is a recession coming, but the Fed will cut interest rates to stop it [CNBC]
Scary signals. It’s a technical term.
I love this idea that the market “fears” that the Fed will need to get even more dovish. Kinda like Br’er Rabbit was afraid of that briar patch.
And yes, I know that Joel Chandler Harris has been unpersoned. But anyone who tells a good Trickster God story will always have a place at Epsilon Theory.
Speaking of Trickster Gods …
They’re coming to get you, Barbara!
Did I mention CREEP earlier? You really should look it up.