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September 11, 2014
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Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/091114.mp3|titles=Conference Call ] Topics Covered This Week Include: Struggling To Hit Potential GDP Potential GDP Quarterly GDP Q3 GDP Tracking Economic Outlook For 2014 Claims vs. Jobs Does The Purchasing Managers’ Report Still “Work?” Inflation Expectations Are Rising Why Did The Fed Taper? End Of Forward Guidance And… Continue reading Conference Call Presentation/Charts of the Week
<Click on chart for larger image> Bloomberg.com – Yellen’s Dials Defy Truman Plea for One-Handed Economist Janet Yellen is adding more dials to her labor-market dashboard, and that’s making it harder for investors to tell where she will be steering monetary policy as Federal Reserve chair. Yellen, who has been watching an array of eight… Continue reading Why The Fed Will Never Raise Rates!
The Financial Times – Federal Reserve to debate new language on interest rates The US Federal Reserve’s forward guidance on future interest rates has come up for debate after a stream of central bank officials declared the current wording needs to change. In the past few days, officials from every part of the rate-setting Federal… Continue reading Will The Fed Drop “Considerable Time” In Next Week’s FOMC Statement?
FT Alphaville – Matthew C Klein: Wealth effect may one day stop being so great for wealthy, says wealthy person One private equity chief went so far as to publicly thank Ben S. Bernanke, the Federal Reserve chairman until last month, whose program of extraordinary economic stimulus has helped push stocks higher, feeding the private… Continue reading The Wealth Effect
The Wall Street Journal – Yet Another Wall Street Bear Folds “Tactically, we continue to believe that equity investors should be on guard for a more challenging investment climate in the near term, as monetary policy certainty fades to uncertainty this autumn,” Ms. Adams wrote to clients on Tuesday. “However, economic growth and earnings trends… Continue reading More Equity Bears Capitulate, Is This How A Peak Is Made?
<Click on chart for larger image> MarketWatch.com – Mark Hulbert: Being a stock-market bull just got a lot harder Making the bullish case is getting a lot harder. Let’s say that you want to wriggle out from underneath the bearish conclusions of the cyclically adjusted price-to-earnings ratio (CAPE), which for some time now has been… Continue reading Higher P/E Ratio Means It Is Harder To Be A Bull
The Financial Times – Fed and ECB drive bond market divergence Not for the first time, central banks have moved the markets. Now, ahead of next week’s Federal Reserve meeting, investors are scrambling to adjust to the prospects of a rise in US interest rates. Many are pouring money into bets on greater interest rate… Continue reading Bond Market Divergence
Business Insider – Every Slide From Bond King Jeff Gundlach’s Latest Presentation: ‘Fixed Income Playbook’ Jeffrey Gundlach of DoubleLine just wrapped up his latest webcast about the markets and the economy called, “Fixed Income Playbook.” Among the top items addressed by Gundlach was his view on the future of U.S. interest rates. Gundlach highlighted a… Continue reading Jeff Gundlach Speaks
<Click on chart for larger image> The Wall Street Journal – Zinc Deficiency Gives Investors a Jolt The world is running low on zinc, sending some investors scurrying to buy mining-company shares and forcing the U.S. Mint to redouble cost-cutting efforts in search of a cheaper penny. Prices for the metal have soared to three-year… Continue reading The Cost Of A Penny
<Click on chart for larger image> Bloomberg.com – Don’t Hate Credit, Just Use Leverage for 10% Returns, Says Citi Stop complaining junk-bond yields are too low. Instead, just use borrowed money to juice returns. That’s the message from Citigroup Inc. (C) analysts, anyway. Investors are better off leveraging speculative-grade bonds than U.S. Treasuries, stocks, emerging-market… Continue reading Leveraging Junk Bonds
Bloomberg.com – Single Americans Now Compose More Than Half the U.S. Population Some 124.6 million Americans were single in August, 50.2 percent of those who were 16 years or older, according to data used by the Bureau of Labor Statistics in its monthly job-market report. That percentage had been hovering just below 50 percent since… Continue reading Majority Of American Adults Now Single