Today's topics include looking ahead 10 years, gauging the odds of recession, housing will play a big role in determining a recession, the role of collateral & potential for more bank shocks, strategists' wide-ranging S&P price targets, growing private markets, pay attention to what a survey asks, an eye on Nasdaq's rebalancing during options expiration, FedNow payment system goes live, and risk-adjusted crypto returns
Today's topics include banks' profitability, a broader rally?, commercial real estate, risks to the soft landing narrative, housing still out of reach for first-time buyers, labor market slack, U.S. natural gas inventories, and Nasdaq pulls plug on crypto plans
Today's topics include investors party like it's 2021, Americans keep spending for now, look for consumption changes, Euro Area inflation is starting to feel sticky, moving out on the curve, housing market tight supply, banks balance margins & keeping depositors, all eyes on the distressed debt pile in the US, a quiet recession in China?, and big earners are most resistant to going back into the office
Since the beginning of June, the stock market's rally has been broadening beyond Big Tech/AI. The narrative is the debt ceiling deal prevented a liquidity crisis, and inflation has finally been tamed. Yet, no other markets are confirming this move.
Today's topics include Jim discusses the base effect on Fox Business, BofA survey indicates revived soft landing hopes, looking for a loan? good luck, El-Erian says inflation about more than just wages, holding long maturity assets, Yellen discusses labor market, forking over interest to depositors, funds hit holdings ceiling for most concentrated stocks, and embracing remote work
Q2 2023 earnings reports have started to come in. S&P 500 operating earnings are expected to decline further in 2023, with a rebound later in the year and into 2024.
Today's topics include peak rates trade comes into focus, what is driving markets higher?, home equity lines of credit becoming more prevalent, checking on the credit cycle, renters are bearing the brunt of inflation pain, wages & inflation, trouble for the Chinese economy, and more pessimism on the dollar