<Click on graphic for larger image> The Federal Reserve Bank of Atlanta – The Price Isn’t Right: On GDPNow’s Third Quarter Miss The U.S. Bureau of Economic Analysis’s (BEA) first estimate of third quarter annualized real gross domestic product (GDP) growth released on October 28 was 2.9 percent. A number of nowcasts were quite close… Continue reading A Look At GDPNow’s Recent Miss
Barron’s – Biggest Weekly Inflow Ever into TIPS ETF The iShares TIPS Bond ETF (TIP), BlackRock’s exchange-traded fund that invests in Treasury Inflation Protected Securities, had its biggest week of inflows last week with $1.34 of net new assets. The low-yielding ETF has gotten more popular as investors have started to worry about rising inflation…Last week also… Continue reading Everyone Loves TIPS
Bloomberg.com – Fed Isn’t Shifting the Goal Posts on Rates, Its Researchers Say The Federal Reserve went from forecasting four interest rate increases in 2016 to projecting one, and San Francisco Fed economists say that’s perfectly consistent with data-dependency…Officials have been criticized for moving the goal posts on rate hikes as they cited a variety… Continue reading The Fed’s Moving Goal Posts
MarketWatch – Caroline Baum: Do markets really hate uncertainty? Not at all Let’s say what we mean: It’s fear and pessimism that troubles the bulls It’s a given, or at least an over-used cliché: The stock market hates uncertainty. Financial markets aren’t the only entities that find a cloudy crystal ball to be disconcerting. Central… Continue reading Market Uncertainty
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<Click on graphic above for video> Comment Jim Bianco was on Bloomberg TV discussing the election. To view the interview, click on the image above. To view any of our recent interviews, click here. The Wall Street Journal – U.S. Firms Betting Republicans Maintain Senate Control Corporate political-action committees have sent nearly all their money… Continue reading Is The Senate The Biggest Political Story?
The Financial Times – FBI to take no action against Clinton over new emails Agency chief stands by July decision as candidates embark on last days of campaigning James Comey, director of the Federal Bureau of Investigation, on Sunday told Congress that an examination of new emails related to Hillary Clinton’s private server had reaffirmed… Continue reading The Race For The Presidency
<Click on graphic for larger image> Comment We have never put much stock in the idea of an endorsement making a huge difference, but the chart above is interesting nonetheless. The Economist – American newspapers resoundingly reject Donald Trump American newspapers, even those with stolidly Republican-leaning editorial boards, have largely abandoned Donald Trump this election… Continue reading Presidential Endorsements
The Wall Street Journal – Companies Blaming the Election for Their Results Is a Lame Excuse From the weather to Brexit, companies have a list of excuses; the presidential election is the latest If you believe U.S. corporations, Americans are drinking less coffee, eating fewer doughnuts and taking fewer cruises, all because of the presidential… Continue reading Has The Election Replaced The Weather As The Favorite Corporate Excuse?
Factset – Earnings Insight for November 4, 2016 • Earnings Scorecard: As of today (with 85% of the companies in the S&P 500 reporting earnings for Q3 2016), 71% of S&P 500 companies have reported earnings above the mean estimate and 54%of S&P 500 companies have reported sales above the mean estimate. • Earnings Growth:… Continue reading Earnings Update
<Click on graphic for larger image> Barron’s – Active Stockpickers Are Outpacing Passive Funds After a slow start in 2016, funds that try to beat the market are doing just that. Passive investing had been declared the winner in the race for returns, beating stockpickers. But the race is still on, and suddenly, the stockpickers… Continue reading Are Active Managers Making A Comeback?
Real Clear Markets – Jeffrey Snider: A Fed That Is Distressingly Incompetent .. It isn’t just those who are receiving zero income after seven years of “recovery.” Those who are working understand all-too-well what $21 trillion in real GDP would have meant about their own future and prospects for better opportunities as opposed to the economy… Continue reading Talking Fed