The Wall Street Journal – Fed Decision to Hold Steady Was a ‘Close Call’ Federal Reserve officials who have spoken following last week’s high-profile policy meeting say a rate increase this year remains in the cards. In fact, central bankers say they weren’t far from taking that first step to start raising short-term interest rates.… Continue reading More On The Federal Reserve
<Click on chart for larger image> The Financial Times – US bond market: proceeds with caution Banks have been reluctant issuers, but that may be about to change What do you want it for? It is a question debt investors might ask more frequently given that investment-grade bond issuance has been so formidable in recent… Continue reading U.S. Bank Bond Issuance
<Click on chart for larger image> MoneyBeat (WSJ) – Is the Market a Dead Bull Walking? “The current stock market decline is not just another correction in the six‐year bull trend,” wrote Michael Oliver of Momentum Structural Analysis. “A bear market in developed market stock indices has begun.” Mr. Oliver’s specialty is to look at… Continue reading Is The Bull Market Over?
The Financial Times – Central banks have made the rich richer All of us who work in finance owe a debt to quantitative easing, writes Paul Marshall Instead, central bankers talk about two main objectives of QE. The first is to maintain the supply of money to the banking system, to prevent a contraction in… Continue reading QE And The Wealth Effect
Janus – Bill Gross: Saved by Zero? So the Fed has chosen to hold off on their goal of normalizing interest rates and the ECB has countered with the threat of extending their scheduled QE with more checks and more negative interest rates and the investment community wonders how long can this keep goin’ on.… Continue reading Bill Gross Speaks
The Financial Times – Signs point to deepening China distress Fed rate decision will help emerging markets but not revive world growth China’s foreign exchange reserves fell alarmingly in August, anywhere from $94bn to as much as $150bn according to various calculations. That was just another in a series of dramatic data points that are… Continue reading China
<Click on graphic for larger image> Real Time Economics – Renters Will Continue to Struggle for the Next Decade, Harvard Study Says Renting is unlikely to get easier anytime soon. An estimated 11% more households will pay more than half of their incomes in rent in 2025, according to a new report from Harvard University’s… Continue reading Rents Continue To Rise
<Click on graphic for larger image> Business Insider – The pope’s visit to the US could be an ominous sign for the stock market Four popes have visited the United States: Pope Paul VI in 1965, Pope John Paul II seven times, Pope Benedict XVI in 2008, and Pope Francis in September 2015. Intriguingly, three… Continue reading Is A Papal Bear Market Coming?
Comment On September 24, 2015 at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 BST), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. We recently called the FOMC the central banker to the stock market. Join us Thursday as we discuss this… Continue reading What’s Next For The Fed/Markets?
Comment Yesterday Jim Bianco was on Bloomberg Asia talking about the Fed and the markets. To view the interview, click on the image above. To view any of our recent interviews, click here. As the chart below shows, the market does not think the Fed is hiking rates in October or December. The story below… Continue reading Talking Fed
<Click on chart for larger image> Bloomberg.com – Oil Speculators Most Bullish on U.S. Crude Price in Two Months U.S. crude output seen falling the most since 1989 next year Almost 15,000 short oil bets closed out before Fed decision Hedge funds slashed their bets on falling oil prices, leaving them the most bullish on… Continue reading Crude Oil