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Where Does the Bond Market Stand?
September 22, 2023
Recall that last year was the worst total return year for the bond market in history. Here is a chart back to 1801 to remind everyone how bad last year was. So naturally, global fund managers turned very bullish for 2023. Here are the August BofA Global Fund Manager Survey results showing they are more… Continue reading Where Does the Bond Market Stand?
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Quick Comments/What We’re Reading
September 22, 2023
Today's topics include the Fed hikes until something breaks, central banks paused rates hikes this week, checking in on the stock market, U.S. yields top currency-hedged Chinese yields, renting vs. buying, more color on the Treasury's liquidity buybacks, shipping rates, and the state of NFTs
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Cartoons
September 22, 2023
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Quick Comments/What We’re Reading
September 21, 2023
Today's topics include The Fed's Summary of Economic Projections, is the market finally starting to get the 'higher for longer' message?, another FOMC-day selloff, understanding Fedspeak, debating neutral, checking in on money market funds, housing's rising costs, speculating on crude oil, and Tether lending
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Cartoons
September 21, 2023
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Bank Walks Retail & Tokenized Banking
September 20, 2023
What does the 2023 bank walk mean for the broader economy and the nature of banking?
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Quick Comments/What We’re Reading
September 20, 2023
Today's topics include previewing today's FOMC meeting, where is the U.S. economy heading?, what drives oil prices?, housing starts by intent show more rentals coming, it's not just the single family that is priced out of homes, a stalling rally, UK inflation dips but oil rally is an issue, lower income levels feeling recessionary pain, productivity of labor, and peak China?
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Cartoons
September 20, 2023
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Does the Changing Jobs Market Means More Inflation?
September 19, 2023
The jobs market has undergone a transformational change in the post-pandemic economy. The power base is shifting back to labor as jobs become more transactional and workers assert their power over management. The result is increased wage inflation and a change in the nature of work.
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Quick Comments/What We’re Reading
September 19, 2023
Today's topics include higher energy prices & central bank policy, OECD pushes back on idea of rate cuts, previewing the Fed's Summary of Economic Projections, Jim Reid thinks low inflation era is over, a puzzling jobs market, BIS warns on the basis trade, buybacks take a breather, and checking in on Russian crude oil shipments