Today's topics include stocks' slide helping the Fed's tightening, the BOJ goes all in on yield curve control, supply shocks & inflation, retail crowd's meme obsession was costly, Russian gas sanctions, inflation hitting personal finances, bonds' bad month, GDP contracts in Q1, and crypto mortgages.
Today's topics include selling Russian energy, supersized rate hikes, quantifying the losses in tech stocks, rising food costs, the dollar's rise, Brainard confirmed as vice chairwoman, an eye on the yuan, Chinese GDP vs. U.S. GDP, and the Fed's reverse wealth effect.
Today's topics include finding a soft landing, China maintains accommodative policy as world turns hawkish, how will the BoJ handle a weaker yen?, consumer health, higher rates bring both good & bad outcomes to European banks, supply chain issues persist, crypto in a 401k?, and Dudley on crypto regulation
When measured on a total return basis, the bond market is in a historic decline. Yet, futures positioning and economists' opinions are not overly bearish. Momentum-driven research is very bearish and stands in opposition. Add it up and sentiment data is not suggesting a capitulation low in prices has taken place yet.
With Q1 2022 earnings season underway, we check in on expectations. Revenue and earnings growth expectations are in the mid-single digits and company guidance remains negative.
Today's topics include controlling the inflation narrative, concerns over a lockdown in Beijing, wage inflation, will stock valuations follow bonds?, the logistics of Russian sanctions, bank savings rates remain low, work from home, off-hours trading, and checking in on the supply chain
"Hike to something breaks" is now the Fed's unofficial policy. This could mean a plunging stock market/economy or runaway inflation. But the Fed is not stopping until something breaks.
Today's topics include reasons to worry about inflation, reasons not to worry about inflation, an eye on the yuan & capital outflows from China, the growth of central banks' balance sheets, quantifying the effect of an EU gas embargo, quantifying the economic effect of China's lockdown, the world's reliance on wheat, the case for continued global supply chains, and an update on Russian oligarchs