Newsclips
Market Capitalization as a Percentage of GDP
October 27, 2022
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 a rock & a hard place, calculating inflation correctly, are consumers going to keep buying?, the problem with growth models, the price of value, exporting oil, wealth boom is over, ending social media tech dominance in the stock market, and another look at crypto stablecoins
Today's topics include measuring the Fed's reverse wealth effect, Mnuchin on the fed's rate hike campaign, the cost of issuing inflation-linked debt, European gas storages filled...but at what price, making the case for a stronger yen, PA debate increases republicans' chances of taking the senate, and maybe a financial crisis is worth it!
The relentless rise in yields that began in late July is not yet showing signs of abating. The S&P 500 has lost 8% over this period after being down as much as 17%. Stocks will remain under pressure until yields reverse. Will it take a harsh sell-off in the S&P 500 and a risk-off rally in Treasuries to end this streak?
With two weeks to go, Republican fortunes keep improving. They are now solidly favored to retake the House majority and at least a toss-up to take 51 seats or more in the Senate.
Today's topics include central banks' operating losses, is the tide turning for rents?, a quirk in health insurance costs could help lower CPI, active bond management, previewing this week's Q3 GDP release, and junk bond sales plummet
A replay of our October, 26, 2022 conference call.
Just as pivot talk disappeared, a new narrative has emerged. The Fed will "step down" from consecutive 75 basis points hikes. This excited the stock market on Friday. Will this catch-phrase prove effective or will it disappoint like its previous iterations of transitory, pause, and pivot?
Earnings growth expectations for the next several quarters are declining amidst slowing growth and tighter margins.