Newsclips
Market Capitalization as a Percentage of GDP
January 26, 2023
A look at the size of various markets compared to the U.S. economy
A look at the size of various markets compared to the U.S. economy
Today's topics include debt ceiling stress, small businesses scooping up workers, risk on, prediction error, the height of passive management, looking at the short end of the curve, avoiding recession, digging into labor market questions, private equity facing "new reality", and misunderstanding the difference between centralization & decentralization
Today's topics include QT implications from the debt ceiling, some perspective on all the tech layoffs, the odds of recession, cash is king once again, the Fed's footprint in the MBS market, falling profit margins, and yesterday's NYSE glitch
Today's topics include the case for a Fed pause?, the Fed's reverse repo facility provides a QT cushion, big banks' paltry savings rates, stagflation concerns, crack spreads on the rise again, Russian crude oil, active vs. passive investing, accounting's effect on bank earnings, and the auto industry's old guard vs. the new guard
With a focus on the Fed tightening cycle, peaking inflation, and a 2023 recession, S&P 500 earnings have declined to reflect the 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 can inflation fall fast enough for a pivot?, talkin' recession, the Fed vs. the markets, a rare win for active managers, wage growth demographics, replacing Russian gas, a note of caution from the BoE on life insurers, firms see weaker labor market, and gauging commodity bullishness
Today's topics include putting a timeline on "extraordinary measures", projecting the Fed's path, is a 2% inflation target still appropriate?, not all gas prices are the same, the Fed's reverse repo facility, homebuilders signal pause, venture capital sitting on cash hoard, and Chinese property sector dragging economy