The story in the oil market is much the same as other parts of the economy. Booming demand is outstripping available supply. This cannot be fixed by the Saudis pumping their oil wells a little faster. The entire global supply of crude oil is falling short of desired demand.
Today's topics include the taper's timing with the first rate hike, Biden's Fed pick 'imminent', defining ESG investing, relief in the energy markets?, incentivizing carriers to clear containers off ports, proposed reclassification of sector ETFs, doing the math on Elon's goal to sell 10%, Bill Gross warns on markets, and a Covid update
Bianco Research Conference Call: The Inflation Narrative Is Changing Thursday, November 18, at 9:00 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 GMT) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a client webinar/teleconference moderated by Jim Bianco. For most of the year, those in the “persistent” inflation camp were… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – November 15th, 2021
A replay of our November 18, 2021 conference call.
COVID continues to surge worldwide. Signs of case counts turning higher in the U.S. are evident.
460 companies have reported earnings with a beat rate of 81.5%. While slightly below previous quarters, this is still quite high historically. Q3 2021 earnings growth continues to be above 40%. Is the peak in?
Today's topics include diving into wage growth, inflation's effect on profit margins, 60 Minutes tackles the supply chain, the demand side of the supply chain bottleneck, timing potential rate hikes, the case against average inflation targeting, limits to ECB stimulus, will Biden just pick a Fed chair already?, dividend growth, and a bit of inflation humor
Jim Bianco: Even though the cash market was closed (yesterday), the interest rate futures had a fairly sizeable decline. Not like (Wednesday’s) sell-off, but they did continue (Wednesday’s) declines with more losses. Bond futures were off about 1/2 point. Most interesting (to me, at least) was fed fund futures tanked AGAIN (yesterday). And the forward… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – November 12th, 2021
Today's topics include this week's carnage in the Treasury market, inflation expectations, surging options activity, updating the natural gas shortage in Europe & the U.S., vaccines & economic growth, does the Brainard vs. Powell race even matter?, labor market churn, and measuring the growth of DeFi