Central Banks
Checking in on the Fed’s Remittances
September 8, 2023
The Fed's cumulative losses since September 7, 2022 now total roughly $98 billion.
The Fed's cumulative losses since September 7, 2022 now total roughly $98 billion.
58% of developed market sovereign debt now yields more than 4%.
Last week Grayscale notched a victory against the SEC, leading to some speculation its bitcoin trust, GBTC, will be allowed to convert to a spot ETF. The trust's discount to NAV is a good proxy to gauge how likely this is.
The median price of a house is the most basic measure of the housing market. The median sale price per square foot (red) was $226 in July, down from its May 2022 peak of $232.
ETFs represent an important part of equity markets, allowing everyday investors to capture different types of market strategies with just one investment and minimal fees.
A long-term look at housing starts
Some interesting charts from our recent posts
Crude oil has rallied 30% in the last two months due to increased demand, supply constraints, and voluntary production cuts by the Saudis and Russians. With speculative positioning bearish and the Strategic Petroleum Reserve (SPR) effectively depleted, signs are the rally can continue.
Today's topics include the labor market excluding 'backfilling' sectors, Q3 GDP growth expectations, the trade gap, corporate spreads, Chinese exports fall again, what would Chinese contagion look like?, and leveraged ETF tracking errors over long periods of time.
Join us on a riveting episode of Buy Hold Sell as we delve into the intricate world of finance with esteemed guest Jim Bianco, President, and Founder of Bianco Research. Hosted by seasoned Wall Street traders Todd M. Schoenberger and Tobin Smith, this episode goes beyond the surface, exploring the depths of the financial landscape. Jim Bianco brings his unparalleled expertise to the forefront, offering a comprehensive analysis of interest rates, Treasury yields, and a highly anticipated forecast for the August Jobs Report. Get ready to embark on an intellectual journey that uncovers the complexities of the market.
In the latest installment of Talking Data, Jim discusses the basis trade and bond market positioning and sentiment.