Comment Jim Bianco was on CNBC yesterday discussing the markets. To view the interview, click on the image above. To view any of our recent interviews, click here. Financial Review – Is the bond market worrying about the ‘risk of complacency and self-delusion’? Strange things are happening in the massive US bond market. Yields on… Continue reading Discussing Markets
Bloomberg Markets – Taper Tranquility Not Tantrum Greets Fed’s Bond-Reduction Plan The bigger message from investors may be a clue about the mechanism by which the Fed’s bond-buying programs stimulated the economy in the first place. One prominent theory is that the most important effect of amassing the $4.5 trillion balance sheet through three rounds… Continue reading More On The Fed’s Balance Sheet
The Financial Times – US stock funds record biggest outflows in more than 18 months US stock funds experienced their largest withdrawals in more than 18 months and investors extended their rotation into cheaper valued European equities, according to the latest weekly flow data from EPFR. Investors drained $14.5bn from US stock portfolios in the week… Continue reading Equity Fund Flows
Bloomberg Business – Nobody Is Saying Anything About How U.S. Earnings Season Will Go Investors seeking hints on first-quarter earnings season are getting little help from companies. In the past month, only 83 have published profit guidance of any variety, the least at this time of the year since Bloomberg began compiling the data in 1999.… Continue reading Companies Are No Longer Providing Guidance
Bloomberg Business – The Fed Is Watching Wall Street If the Fed factored the stock market into its inflation debates, the current swings would argue for more rate hikes. William Dudley, president of the Federal Reserve Bank of New York, has long believed that Fed policymakers should pay more attention to stock market swings. Now, with… Continue reading The Next Rate Hike And Stocks
The Financial Times – Spain: Boom to bust and back again The economy is finally set to return to its pre-crisis level. But have the reforms come at too high a price? Boom and bust, recession and recovery — Valencia embodies the recent story of Spain like no other place. When times were good, this was… Continue reading Spain’s Economy
MarketWatch.com – The smart money is record ‘short’ in stocks, and the dumb money is record ‘long’ In the post-2009 bull market in stocks, investors have been stubbornly bearish — to their own detriment. The most recent, and most pronounced, bout of pessimism happened in January and February 2016, when we issued a “buy” signal.… Continue reading Speculators Are All In On Stocks
Bloomberg Business – 15 Years Later, Billions in Pre-Euro Currencies Remain Unredeemed If you live in a country that gave up a national currency for the euro, you may want to check the cracks and crevices of your sofa. More than 15 billion euros ($16 billion) of outdated banknotes and coins in the euro-area have not yet… Continue reading €15 Billion Worth Of Outdated Currencies Remain Unredeemed
Barron’s – VIX Sends Warning Sign To the Stock Market In recent trading, VIX was at 12.12, a level that is historically low, and subject to misinterpretation. A low VIX, contrary to popular wisdom, does not mean stocks are prepared to decline. It just means that realized volatility – what occurred in the past – is… Continue reading Volatility Remains Low
Bloomberg Business – Two of Wall Street’s Biggest Names Are Sounding the Alarm on the U.S. Economy Two of Wall Street’s most influential CEOs — Larry Fink and Jamie Dimon — are raising warning flags over the nation’s economy. BlackRock Inc.’s Fink said Thursday that U.S. growth is slowing on concern whether the Trump administration’s agenda… Continue reading Jamie Dimon, Larry Fink And Ray Dalio Are Worried About The U.S. Economy
The Wall Street Journal – Not a Dot-Com Bubble, Not 2007, but a Nasty Mix of Both When the market value of loss-making Tesla Inc. passed that of Ford Motor Co. this week, it was a perfect illustration of investors’ love affair with disruptive technologies. Investors seem to have forgotten another valuation comparison they should think… Continue reading Is There A Bubble In Tech?