Today's topics include your daily debt ceiling update, what happens to markets after a debt ceiling deal?, would a debt ceiling deal accelerate the bank walk?, a call for deflation, a pause doesn't necessarily mean cuts come next, trading bank stocks, the Fed creates a Twitter sentiment index, and the world's richest people
Today's topics include your daily debt ceiling update, Bullard sees two hikes this year, did Credit Suisse default?, r* and r**, Bernanke & Blanchard explain inflation's origins, valuations remain high by most metrics, inflation taking its toll, buying vs. renting, and more on the narrow stock rally
A replay of our May 25, 2023 conference call.
Two major themes are driving the S&P 500 index. AI/ChatGPT is powering mega-tech stocks higher. The rest of the stock market has been "stuck in the mud" since banks started failing in early March. These two themes are canceling each other out, leaving the overall S&P 500 with more of a sideways move than a trend up or down.
Today's topics include Yellen reiterates early june debt ceiling deadline, banks' "economic value of equity", will Fed hit its 2% inflation target?, a look at fund flows in 2023, energy inflation, quantifying the hype surrounding AI, and crypto volatility
Today's topics include Jim's view on the bank walk, Bullard wants higher rates, 0DTE options, on the equity rally, food price inflation, what will a recession mean for the labor market?, more on the debt ceiling, deciphering the JOLTS report, gold?, buying a house in this market, and BoJ still has an inflation fight
Household debt in the U.S. rose to $17.05 trillion in the first quarter.
Credit utilization remains historically low, but is on the rise.