Steve Goldstein
@mktwgoldstein.bsky.social
European bureau chief at MarketWatch
ADP weekly jobs data was less bad than last week
November 18, 2025 at 1:49 PM
ADP weekly jobs data was less bad than last week
I went to Downdetector and then I got a Cloudflare error there
November 18, 2025 at 1:28 PM
I went to Downdetector and then I got a Cloudflare error there
Still an AI skeptic myself, but this was interesting take on the subject: This hedge-fund giant studied over 30 bubbles — and came away more convinced that the AI trade is the right one www.marketwatch.com/story/this-h...
This hedge-fund giant studied over 30 bubbles — and came away more convinced that the AI trade is the right one
Hedge-fund giant Coatue has heard all the bubble arguments — and still comes away convinced that the right move is betting on artificial intelligence and its potential.
www.marketwatch.com
October 27, 2025 at 10:53 AM
Still an AI skeptic myself, but this was interesting take on the subject: This hedge-fund giant studied over 30 bubbles — and came away more convinced that the AI trade is the right one www.marketwatch.com/story/this-h...
October 22, 2025 at 12:44 PM
Catch-22: The BLS tracks had bad its data is. But how bad is the data on bad data?
October 22, 2025 at 9:56 AM
Catch-22: The BLS tracks had bad its data is. But how bad is the data on bad data?
I've seen the Economist jinx, will note this stock is the worst Europe Stoxx 600 performer two days after this FT item
October 9, 2025 at 7:58 AM
I've seen the Economist jinx, will note this stock is the worst Europe Stoxx 600 performer two days after this FT item
One central bank seems worried about U.S. tech valuations. It’s not the Fed. www.marketwatch.com/story/one-ce...
One central bank seems worried about U.S. tech valuations. It’s not the Fed.
The Bank of England says the risks of a sharp market correction have increased as stock-market valuations look stretched.
www.marketwatch.com
October 8, 2025 at 11:04 AM
One central bank seems worried about U.S. tech valuations. It’s not the Fed. www.marketwatch.com/story/one-ce...
Because it's independently funded, the CFPB can continue its work of doing absolutely nothing during the shutdown www.reuters.com/legal/govern...
US consumer watchdog, largely shuttered, to continue work during shutdown, email says
The top U.S. watchdog agency for consumer finances told staff on Tuesday it will continue to operate in the event of a government shutdown after midnight, according to an email seen by Reuters.
www.reuters.com
October 1, 2025 at 11:45 AM
Because it's independently funded, the CFPB can continue its work of doing absolutely nothing during the shutdown www.reuters.com/legal/govern...
You can simultaneously think Cook's referral was politically motivated and note that the two mortgages were completed within a month of each other. Her career bio does not suggest she got a new job in Atlanta in June 2021 right after signing mortgage.
But that did not unsettle where my legitimate PRIMARY RESIDENDE was in NYC…I was merely sent off to spend 1 year at Warburgs in London to start a trading fest there before returning to - wait for it - my PRIMARY RESIDENCE in NYC.
Knowing literally nothing of Lisa Cook’s personal finances, I’d guess
Knowing literally nothing of Lisa Cook’s personal finances, I’d guess
August 28, 2025 at 10:03 AM
You can simultaneously think Cook's referral was politically motivated and note that the two mortgages were completed within a month of each other. Her career bio does not suggest she got a new job in Atlanta in June 2021 right after signing mortgage.
Absolutely off topic, but reminds me about the judge who actually said that you can get a jury to indict a ham sandwich
qz.com/303017/the-b...
qz.com/303017/the-b...
August 27, 2025 at 2:13 PM
Absolutely off topic, but reminds me about the judge who actually said that you can get a jury to indict a ham sandwich
qz.com/303017/the-b...
qz.com/303017/the-b...
Yeah I was very surprised by the French mkt reaction. Other than the date of the vote, who didn't know the parliamentary situation was unstable?
It’s grimly funny that market participants will freak out when a French government coalition breaks down (something that happens all the time) but they’re just blasé about the US government’s complete assault on the Fed and free markets.
August 27, 2025 at 11:33 AM
Yeah I was very surprised by the French mkt reaction. Other than the date of the vote, who didn't know the parliamentary situation was unstable?
Weird one.. JPMorgan downgraded Krispy Kreme to underweight (itself rare) but also doesn't have a price target.
Anyone know how many covered companies with ratings don't have targets?
Anyone know how many covered companies with ratings don't have targets?
August 27, 2025 at 11:31 AM
Weird one.. JPMorgan downgraded Krispy Kreme to underweight (itself rare) but also doesn't have a price target.
Anyone know how many covered companies with ratings don't have targets?
Anyone know how many covered companies with ratings don't have targets?
S&P last night: 'The U.S.'s prosperity reflects a track record of generally effective checks and balances that include strong civic society, political stability, respect for property rights and the rule of law, and success in promoting innovation and new technology.'
'Generally' doing work there
'Generally' doing work there
August 19, 2025 at 7:00 AM
S&P last night: 'The U.S.'s prosperity reflects a track record of generally effective checks and balances that include strong civic society, political stability, respect for property rights and the rule of law, and success in promoting innovation and new technology.'
'Generally' doing work there
'Generally' doing work there
Next month the Wall Street CPI consensus will either be 'cool as ice' or 'FROSTY'
(Today it's 0.2% at the headline and 0.3% at core.)
(Today it's 0.2% at the headline and 0.3% at core.)
August 12, 2025 at 7:51 AM
Next month the Wall Street CPI consensus will either be 'cool as ice' or 'FROSTY'
(Today it's 0.2% at the headline and 0.3% at core.)
(Today it's 0.2% at the headline and 0.3% at core.)
Things you say after a ChatGPT release underwhelms
OpenAI CEO Sam Altman told CNBC that artificial general intelligence is “not a super useful term.”
Sam Altman now says AGI, or human-level AI, is 'not a super useful term’ — and he's not alone
Computer science experts say it's better to focus on the more specialized use cases of AI.
cnb.cx
August 11, 2025 at 3:10 PM
Things you say after a ChatGPT release underwhelms
News you can use --> Study finds it’s hard to make money trading, even when cheating www.marketwatch.com/story/study-...
Study finds it’s hard to make money trading, even when cheating
Early access to corporate financial results produced underwhelming results. Here’s why.
www.marketwatch.com
July 30, 2025 at 11:23 AM
News you can use --> Study finds it’s hard to make money trading, even when cheating www.marketwatch.com/story/study-...
Not really different than 0DTE
July 14, 2025 at 11:35 AM
Not really different than 0DTE
Reposted by Steve Goldstein
Reposted by Steve Goldstein
"Was it really this dumb in 2003" guys they renamed french fries
June 19, 2025 at 2:30 PM
"Was it really this dumb in 2003" guys they renamed french fries
Right in line with consensus (Philly Fed pro forecaster roundup, as of May, was 1.4% in 2025 and 1.6% in 2026, which is World Bank's as well.)
* WORLD BANK CUTS U.S. GROWTH FORECAST BY 0.9 PERCENTAGE POINTS TO 1.4% IN 2025, CUTS 2026 FORECAST BY 0.4 PERCENTAGE POINTS
* WORLD BANK ECONOMIST KOSE: 2025 FORECAST INDICATES LOWEST LEVEL OF GLOBAL GROWTH SINCE 2008, OUTSIDE OF RECESSIONS
@reuters.com
* WORLD BANK ECONOMIST KOSE: 2025 FORECAST INDICATES LOWEST LEVEL OF GLOBAL GROWTH SINCE 2008, OUTSIDE OF RECESSIONS
@reuters.com
June 10, 2025 at 2:04 PM
Right in line with consensus (Philly Fed pro forecaster roundup, as of May, was 1.4% in 2025 and 1.6% in 2026, which is World Bank's as well.)
Particularly as it's not been implemented yet www.politico.eu/article/uk-t...
May 29, 2025 at 11:02 AM
Particularly as it's not been implemented yet www.politico.eu/article/uk-t...
The U.S. now has a rating associated with a 1-in-100 default chance www.marketwatch.com/story/the-u-...
The U.S. now has a rating associated with a 1-in-100 default chance
Have a look at the default rate of sovereign issuers. Going back to 1983, precisely zero countries with a triple-A rating defaulted within 10 years of getting that gold-standard approval.
www.marketwatch.com
May 19, 2025 at 12:18 PM
The U.S. now has a rating associated with a 1-in-100 default chance www.marketwatch.com/story/the-u-...
Today in actual corporate earnings slides
May 15, 2025 at 12:33 PM
Today in actual corporate earnings slides
Dallas Fed has a report saying the tariff rate that would maximize revenue -- if other countries didn't retaliate -- would be 70%.
Falls to a still steep 30% with retaliation.
Falls to a still steep 30% with retaliation.
May 13, 2025 at 3:12 PM
Dallas Fed has a report saying the tariff rate that would maximize revenue -- if other countries didn't retaliate -- would be 70%.
Falls to a still steep 30% with retaliation.
Falls to a still steep 30% with retaliation.