Today's topics include FOMC meeting takes back seat to the Treasury's borrowing plans, tomorrow's FOMC meeting is all about QT, inflation & Fed forecasts, the Mag Seven is not a homogenous entity..., ...but the stock market remains highly concentrated, an update on the Red Sea's shipping issues, fewer workers quitting, and mentions of war on the rise
We are now a few weeks into the Q4 2023 earnings season. Earnings expectations are still positive but have declined significantly in recent weeks.
Today's topics include Fed to take next step toward cutting rates, inflation expectations, El-Erian raises concerns over debt, uncertainty in the bond market, previewing this week's Treasury issuance announcement, investment grade bonds, the latest on Red Sea attacks, Cathie Wood defends Ark, and a Bitcoin carry trade
Jim Bianco, President of market and macroeconomic research firm Bianco Research, appears Jan. 11, 2024, with hosts Jeffrey Sherman and Samuel Lau to discuss among other issues his outlook for a “no landing” U.S. economy in 2024, sticky inflation of 3% to 4% and his theory on Fed Chair Jerome H. Powell’s dovish turn on Dec. 13.
It is widely accepted that nations around the world are slowly making the shift to electric vehicles and other 'green' initiatives. In practice, this is an admirable goal. However, how nations generate electricity to power a 'greener' economy is just as important.
Today's topics include higher liquidity in 2024?, more on the end of the BTFP retirees' ownership of the stock market, renting is expensive, China promises more stimulus, Waller responds to team transitory's claim to victory, debating the Beveridge curve, and global credit spreads tightest in two years
Several liquidity charts worth watching as the Fed's reverse repo facility continues to be drained
The Fed's interest expenses exploded higher in 2023. They have been operating at a loss since September 2022 and might not return to profitability for several more years.
Are reduced workweeks a canary in the coalmine for the labor market?