Today's topics include market talk, the lasting effect of rate hikes, more on a Goldilocks economy, China's slowing economy, QT hits the $1 trillion mark, higher rates put pressure on hedge funds, and Jeremy Grantham on a new rate regime.
Jim Bianco joins Bloomberg to discuss Future Rate Hikes, the Bond Market, the Energy Market & China with Jonathan Ferro & Stuart Kaiser.
The basis trade distorts the Commitment of Traders data for Treasury futures. When this is factored in and other bond market sentiment and positioning measures are considered, we find bond players are very bullish, looking for rates to fall.
Today's topics include
The markets are taking note that the revisions to past months' payrolls data have become increasingly negative.
Tech stocks finally took a bit of a breather in August, with the Nasdaq 100 down 1.50% on the month. However, this hardly puts a dent in the index's remarkable returns this year.
Today's topics include don't confuse a giant basis trade with a one-way bet on rates, the winners & losers of higher rates, China continues its efforts to support economy, the correlation between stocks & bonds, what will fix the housing market?, pressure on UK banks to raise deposit rates, European gas demand, and the SEC responds to crypto ETFs.
Fed Chairman Powell delivered a forensic analysis of the state of inflation at Jackson Hole. His analysis was predicated on the idea that the long-term outlook for inflation is still 2%. We believe this premise is worth questioning, which has major implications for the bond market.
Join us Thursday, August 31, 2023 for our next conference call.