<Click on graphic for larger image> Bloomberg Business – Brexit Bulletin: When May Met Merkel It’s a big day for Theresa May. At lunchtime in London she makes her debut at Prime Minister’s Questions in the House of Commons. She then travels to Germany to meet Chancellor Angela Merkel for the first time as British prime… Continue reading More On Brexit
<Click on graphic for larger image> AQA – Ben Breitholtz: Low Inflation Still Keeping Federal Reserve from Additional Tightening Many Federal Reserve officials continue to suggest rate hikes are likely within the year. Reasoning includes potential for inflation growth given declining labor slack and/or financial stability concerns. Recent economic data improvements shown by Citigroup Economic Surprise Indices… Continue reading Low Inflation And Fed Rate Hikes
<Click on graphic for larger image> AQA – Ben Breitholtz: Economic Data Surprises on the Rise Citigroup Economic Surprise Indices (CESI) for the US and UK are breaking to new highs after a string of beats. Most recently, UK inflation jumped more than expected on the heels of higher airfares. CESI’s for the US and… Continue reading Citi Surprise Index On The Rise
The New York Post – Is the Federal Reserve fueling fears into US markets? Have you ever wondered why it’s so hard for the average investor to make money in the stock market? Did you just miss the post-Brexit rally of 1,000 points, perhaps? You need look no further than the Federal Reserve. Shouldn’t today’s… Continue reading Is The Fed Keeping Retail Investors Out Of The Markets?
<Click on chart for larger image> Barron’s – What Has Fueled This Stock-Market Rally? Stocks have been helped by “wall of worry” and decent economic data, writes a Schwab strategist. Happy summer? From its Brexit-related low on June 27, U.S. stocks have staged an impressive 8.5% rally. I’ve been peppered with questions—from investors, financial consultants… Continue reading Bullish Sentiment
<Click on graphic for larger image> Bloomberg Business – By This Measure, Homeownership in the U.S. Has Never Been More Valuable Rental profit as a share of Americans’ income is the highest ever The share of Americans’ total personal income coming from rental profit rose to a record 4.4 percent in the first quarter of… Continue reading Rental Income Rises To A Record
<Click on chart for larger image> The Wall Street Journal – The Central Bankers’ Bold New Idea: Print Bitcoins Bank of England economists advocate central banks issue their own digital currency Central banks across the developed world, including the Bank of England and the Bank of Canada, are now studying the potential of this technology.… Continue reading Central Banks Now Studying The Technology Behind Bitcoin
<Click on graphic for larger image> Bloomberg Business – Liz McCormick: Lessons in Bond Math: Less Than 1% Chance U.S. Yields Reach 1.1% SocGen’s new model puts ‘fair value’ for Treasuries at 1.95% In the U.S. bond market, trying to call a bottom in yields has proven to be a veritable minefield for just about… Continue reading The “Fair Value” Of U.S. Treasuries
<Click on chart for larger image> The Wall Street Journal – U.S. Housing Starts Rose 4.8% in June Uptick driven by jumps in the West and the Northeast Homebuilding in the U.S. rebounded in June, a sign demand for housing continues to firm heading into the second half of the year. Housing starts rose 4.8%… Continue reading Housing Starts Rise
<Click on graphic for larger image> CNBC – To the mattresses: Cash levels highest in nearly 15 years Indeed, fear is running high as investors believe that global financial conditions are tightening, despite nearly $12 trillion of negative-yielding debt around the world and the U.S. central bank on hold perhaps until 2017. In fact, fear… Continue reading Cash Levels Rise
Comment On July 21, 2016 at 9 AM CT (10 AM ET, 7 AM PT and 15:00 BST) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Central banks responded to the Brexit vote with stimulus in the hopes of avoiding a serious crisis. In the… Continue reading Have Central Banks Created The Perfect Scenario For Risk Markets?