Today's topics include QT's effect on RRP, banks' loan losses, does tech's dominance have further to run?, stocks climb a wall of worry, China close to deflationary territory, some perspective on rising debt servicing costs, keeping an eye on real yields, remember Austria's century bonds?, and FedNow
Payrolls failed to beat estimates for the first time since March 2022. Traders still expect a hike at the July FOMC meeting followed by a September pause.
Today's topics include a bond market breakout, how do interest rates cool inflation?, on Fednow, Americans working fewer hours, the rise of private credit, US still attracting foreign investment, and the global travel boom
Join us Today, July 6, 2023 for our next conference call.
Today's topics include previewing tomorrow’s payrolls report, RRP usage falls to lowest level since May 2022, rising rates aren't always good for banks, greedflation gives way to wageflation, the case against further rate hikes, U.S. vs. European inflation, New Yorkers forego the mortgage, and social unrest & stock returns
Today's topics include persistent inflation, estimating the neutral level of rates, central banks begin to diverge, overestimating job growth?, rising rates & stocks, rising rates & maturing corporate debt, Dudley on deposit insurance, the cost of storing crude oil, and betting on the Pound
By just about any measurement, tech stocks are experiencing one of their best total return periods on record.
Today's topics include the rally that surprised everyone, looking at a 4 handle, PIMCO with a 'hard landing' call, emerging market economies defy expectations, ditching dividend mainstays for the AI boom, caution on bank stress tests, a quiet recession in China, economic & personal health, crude traders betting on lower prices, and student loan payments resume in September after three years