Today's topics include today's big FOMC meeting, a rough start for the LME as it reopens nickel market, is the commodity market too big to fail?, Are price controls coming?, Raskin no longer being considered for Fed seat, China defends its stock market, hedge funds exit U.S. equities, stock pickers trailed their benchmarks for 12th straight year, Fitch weighs in on Russian default, Russia's gold reserves, and economics of blockchains
Jim Bianco: Intraday the the 10-year BE did exceed 3%, but, for now, it has come up just short on a closing basis. Jim Bianco: *SAUDI WEIGHS USING YUAN INSTEAD OF USD FOR CHINA OIL SALES: DJ The Saudis have sold oil only in dollars uninterrupted since the 1960s. The Saudis are angry over the… Continue reading Bespoke Commentary from Bianco Research & Arbor Data Science – March 15th, 2022
With the end of the 'Fed Backstop,' both equity and bond markets are showing increased stress and volatility.
Today's topics include Timiraos on rate hike signaling, the Saudis consider a shift, U.S. stocks vs. European stocks, volatility in China, the nickel market set to reopen tomorrow, more on Russia's potential bond default, 60/40 funds suffer, Chinese lockdowns & the global supply chain, and more sanctions for Russian oligarchs
Jim Bianco: The WSJ released its latest poll. Stop me if you heard this before? Wall Street Journal: Biden, Democrats Lose Ground on Key Issues, WSJ Poll Finds “Voters also gave Democrats poor marks for handling inflation and the economy, which 50% cited as the top issue they want the federal government to address. The… Continue reading Bespoke Commentary from Bianco Research & Arbor Data Science – March 14th, 2022
Cathie Wood and the ARK ETFs, headlined by ARK Innovation (ARKK), are arguably the most important manager/complex on Wall Street. After their outstanding performance in 2020, these funds significantly underperformed in 2021 and have had an abysmal start to 2022.
Today's topics include rate hike expectations, China locks down, China's stock selloff, more on rising recession odds, older workers take early retirement, global wheat production, energy hedges, hedge funds' crude oil positions, and gauging the odds of Russian default
Today's topics include the odds of recession, more on yesterday's CPI release, delisting Chinese equities, Wall Street pulls plug on Russia, Russian debt maturities, measuring globalization, exposure to Russia, the dollar's reserve status, opinion quickly turns against the LME, and replacing lost Russian oil