Today's topics include Dudley on QT, 2-year note hits 17-year high, retail sales, modeling term premium, BoJ & yield curve control, Treasury liquidity, cost of healthcare in the US, debt & deficit, and Chinese economic expansion?
Today's topics include volatility in the bond market, term premium, the state of the consumer, junk bonds approaching 10% yields, the cost of refilling oil reserves, and monitoring Russia's crude oil shipments
Q3 2023 earnings season starts this week. S&P 500 operating earnings are expected to decline further in Q3, marking the fourth consecutive quarter of negative earnings.
Today's topics include there's always next year for the bond market, bear steepeners, monetary policy's supply-side effects, Yellen admits higher interest rates may persist, happy anniversary to the bull market, the housing market, and an eye on consumer stocks
The Covid-19 pandemic created excess consumer savings as spending slowed and fiscal stimulus bolstered household incomes. Americans' ability to spend down excess savings has proven enough to bolster the economy. How long can it last?
Today's topics include some risk-reward context on the TLT trade, more on yesterday's inflation data, JPMorgan posts record net interest income, can higher yields do the Fed's dirty work?, market shrugs off rumors of Chinese stimulus, the economic freeze from higher rates, and poking some fun at Paul Krugman
Year-over-year CPI held steady in September, as the base effect from year-ago numbers is no longer helping drive inflation lower. Now the difficult part of the battle against inflation begins.
Join us Today, October 12, 2023 for our next conference call.