Today's topics include an alternative measure of Fed hawkishness, treasury volatility, Barkin on fed policy, more on the fallout from the UK's pension crisis, hedge funds searching for deals in corporate debt market, the BoJ's line in the sand, a look at ETF flows, and the tl;dr on FTX
Lately, Fed officials' speeches have signaled what the FOMC will do at the next meeting. Missing is the speech explaining why an aggressive policy is needed. We believe Fed officials do not give this speech because they cannot agree on this case.
Earnings growth expectations for the next several quarters are declining amidst slowing economic growth and tighter margins.
Today's topics include the midterm election is tomorrow, all eyes on inflation this week, what is going on with zero-covid in China?, when a hedge doesn't provide downside protection, shadow banking, Dudley on the Fed's labor mandate, recession odds, currency hedges' effect on returns, central banks' appetite for gold, and a heavyweight battle in crypto land
Payrolls beat estimates for the ninth time in the past ten months. The markets took this upside beat in stride, keeping an eye on upcoming inflation releases.
Today's topics include Jim discusses the Fed's path, is China about to reopen?, zero-Covid's economic impact, the housing market, quantifying economic shocks, anticipating higher crude prices, on the European energy crisis, the next crisis, the BoE's strategy, the ECB has a tough fight ahead, growth by spending, and EV's rely on metals
pic.twitter.com/ZcYuWdQIxW — . (@StockCats_2009) November 3, 2022
For the last few decades we have been in a low interest rate environment where deficit spending would not cause major issues. However, a 40-year high in inflation prompted the Fed to tighten monetary policy at a fast pace. Higher rates mean the cost of servicing US debt will follow higher.
A larger portion of ETH's total supply continues to be moved off centralized exchanges to be used in smart contracts.
The average 60/40 portfolio is down over 20% this year, more than any year of the past three decades.