Today's topics include discussing the future of finance at VettaFi conference, all eyes on Powell's speech today, traders come around to Fed thinking on terminal rate, household savings dwindling, market breadth points to wide-ranging rally, the Fed's operating losses, housing's slowdown, and Torsten Slok on a 'no-landing' scenario
Economists still use their pre-Covid models and understanding of the economy/labor market. This is leading to confusion and errant forecasts. It's time to start thinking about new models and understanding for the "post-Covid" economy.
With a focus on the Fed tightening cycle, peaking inflation, and a 2023 recession, S&P 500 earnings have declined to reflect expected economic pain ahead. Yet, economists and analysts are unsure how far earnings will fall. Looking at the fourth quarter of 2022 earnings might give us a clearer picture.
Today's topics include the payroll report's growing importance, more focus on 0DTE options, fed funds volume on the rise, looser financial conditions, speculators back to their old tricks, checking in on Russia's oil sales, signs of hope for housing?, active vs. passive, and quantifying ETFs' tax advantages over mutual funds
January's labor market data underwent many revisions. That being said, the data continues to surprise economists to the upside. In a welcome sign to Fed officials, wage growth continued lower.
Today's topics include forward misguidance?, El-Erian addresses the rally, inflation hitting middle class this time around, Wood proclaims ARK Innovation as the new Nasdaq, earnings growth, the Fed versus markets, more thoughts on BoJ's yield curve control, investors might be unaware of what comes next, and Fed strategy hinges on policy lag
Today's topics include breaking down Powell's comments, looking ahead to the next couple FOMC meetings, understanding Fedspeak, real interest rates on the rise, signs of economic stress for consumers, the IMF's latest economic projections, BREIT investors running for the exit, and updating Gautam Adani's bad week
After last year's miserable returns, both stocks and bonds got off to a fast start in 2023.