Today's topics include checking in on the Fed's reverse repo facility, previewing tomorrow's GDP release, interpreting real yields, timing the taper, vaccinations & global growth, big tech profitability, Chinese stocks, selling mortgage risk, the digital Yuan, and on Goldman's 'DeFi' ETF
Jim Bianco: The US keeps rising at 50% versus the previous day of the week. Highlighted below is Tuesday and the the last four previous Tuesdays. 180k to 200k this Friday? (the spikes are Friday – the highest day of the week) So what is the market response to this? 1. Economic restrictions and a… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – July 27th, 2021
China seems intent on rolling back its capitalist experiment to the detriment of its entrepreneurs and technology sector.
Today's topics include previewing the FOMC meeting, Chinese stocks, the market that keeps bouncing back, the Fed's involvement in the MBS market, and Tether responds to allegations
During the “summer of confusion” around the inflation narrative, Ben Breitholtz says a more hawkish Fed could actually bring yields lower. Jim Bianco: Bloomberg: U.S. Real Yields Fall to Record Low Amid Growth Concerns James Hirai and William Shaw – The real yield on U.S. 10-year debt fell to a record low as concerns mounted… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – July 26th, 2021
A replay of our July 29, 2021 conference call.
This week we look at the difference in trailing and forward earnings for the S&P 500, the latest earnings growth rates, and company-offered guidance.
Today's topics include betting on higher bond yields, record low real yields, rate hike expectations, communicating 'transitory' inflation, keep an eye on the debt ceiling, SOFR's big day, wealth inequality, the barriers to crypto adoption, and inflation impacting Biden's approval rating?
Jim Bianco: Again, confirmed cases is the metric that politicians use to make lockdown decisions. It should not be this stat alone, but sadly it is. Day of week has a strong seasonal. Yesterday (July 22) at 55k was almost double the previous Thursday (July 15) at 28k. Labeled is the last six Fridays. Note this… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – July 23rd, 2021