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November 16, 2022
Today's topics include bull market or bear market bounce?, the global stepdown, inflation expectations, the inflation blame game, bond market liquidity, banks stepping away from mortgage bonds, and Grayscale's bitcoin trust
A replay of our November 17, 2022 conference call
Earnings growth expectations for the next several quarters are declining amidst slowing economic growth and tighter margins.
Today's topics include how long will inflation last?, a look at the year ahead, cash-flush consumers, the 60/40 portfolio, China's plan to salvage property sector, the housing market, where did all the young workers go?, and piling into leveraged ETFs
Today's topics include more on yesterday's CPI release, a quirk in yesterday's CPI release, CPI's release is making the BoJ's job easier, a bear market rally for the ages?, accounting for bonds on banks' books, covid zero, and the repercussions of FTX
Outside the U.S., the world's money supply continues shrinking at a fast pace.
Stocks ripped higher and Treasury yields plummeted in the wake of CPI's release on Thursday.
The average maturity of all Treasury debt is at its highest level on record.