Today's topics include central banks marching to their own beat?, Bostic sees another 25 basis points in cuts in 2024, no fear in the stock market, fixing China's economic issues, Chinese investors getting tired of waiting for stimulus details, delinquency concerns on the rise, and the idea of cash on the sidelines
Today's topics include Fedspeak for 25 basis points, in search of neutral, bond vigilantes unite, notes of caution on stocks, $100 trillion in global debt, the guessing game continues on Chinese stimulus, big bond fund inflows, and the yen approaches danger zone again
A replay of our October 17, 2024 conference call.
Q3 2024 earnings season begins this week. Expectations for Q3 earnings growth have fallen significantly since late 2023. It remains to be seen if companies can beat estimates at similar rates to past quarters.
Today's topics include the problem with data dependency, stock yields vs. bond yields, Clarida chimes in on the neutral rate, higher long-term rates, still a lack of details on Chinese stimulus, and correctly predicting economic data is only half the battle
Today's topics include the 'bumpy' last mile continues, how long does the equity bull market have to go?, can China pull of economic stabilization without equity euphoria?, the importance of inflation to markets is fading, remember the QE period was the outlier, more on the cost of groceries, additional commentary on the spike in repo rates, economic data & market shocks, and middle east escalation adds upside risk to oil
Long-term yields in the U.S. are higher than yields in 86% of the developed world.
The Federal Reserve cut rates in September while the US economy remains strong, inflation remains above the 2% target, and financial conditions are very easy.