With the delta variant surging across the country, we are beginning to see mobility data, specifically transit and the return to the office, showing signs of declining. Retail has not been hit as hard.
Today's topics include all eyes on Jackson Hole, stock valuations during a pandemic, reducing a balance sheet vs. raising rates, companies cashing in on soaring stock market, checking in on the LIBOR transition, is the Treasury effectively tightening?, and SPAC activity comes to a screeching halt.
Alex Malitas: Ben have you done anything that separates elements that have peaked versus those that haven’t? And their contribution going forward? (for example if increasing OER will offset the fall in all the transitory measures that peaked and hold inflation high longer term?) Ben Breitholtz: Sergio and I went through what core CPI YoY could… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – August 24th, 2021
Right now, the delta variant is the biggest wildcard to economic growth.
Today's topics include more detail on Treasury auctions, Powell's reappointment, comparing PMIs, Cathie Wood back in Chinese stocks, a Fed-induced wealth gap, hedge funds, the Baltic Dry Index continues higher, crypto ETFs, and crypto mining
Ben Breitholtz: Everyone should really watch consumers’ search activity closely to get an indication of the economy’s path. For now, search activity for going-out topics are moderately improving in August despite the spreading Delta variant. Here’s the spread of search activity for going-out versus staying-in topics leading the Chicago Fed National Activity Index (CFNAI) by… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – August 23rd, 2021
95% of S&P 500 companies have released their Q2 2021 earnings report. Both earnings and revenues beat rates set new records and growth rates are booming. This is needed as valuations are similarly high, meaning this market is not cheap.
Today's topics include talkin' delta & crypto, changing Fed dynamics, considerations surrounding the taper, remote work may be sticking around, more container ship shortages, Treasury trading before Jackson Hole, margin debt surprisingly ticks down, Europe's services spark growth, and USD coin moves back to full cash reserves
Bianco Research Conference Call Takeaways From Camp Kotok Replay The replay of our August 19, 2021 conference call titled Takeaways From Camp Kotok here. Jim Bianco joins Fox Business to discuss Delta’s impact on the economy, Cryptocurrencies & Inflation Ben Breitholtz: Twitter: Ben Casselman @bencasselman 26 states (all but 1 led by GOP governors) have tried… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – August 20th, 2021