Today's topics include Powell reiterates the transitory mantra, the Fed's MBS purchases, El-Erian on inflation, interpreting the yield curve, how many jobs have been permanently lost?, checking in on global etf flows, Blackstone continues buying rentals, and banks' opposition to CBDCs
Today's topics include the transitory debate continues, the many ways of measuring inflation, rising food prices, the Fed's taper tension, buying & selling of Chinese stocks, more on MSCI's all-encompassing index, lumber's fall & house prices, and stablecoins vs. CBDCs
Jim Bianco: CPI was a big blow out to the upside, both headline and core. Don’t worry, just relax and keep repeating “transitory” over and over. Y/Y CPI headline = 5.4% Core 4.5% *U.S. JUNE CONSUMER PRICES INCREASE 0.9% M/M; EST. 0.5% From Bloomberg’s MLIV blog Another Month, Another Inflation Shock Oh my! That was… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – July 13th, 2021
How much more inflation will we see moving forward? And now much longer can the bond market ignore it?
Shelter costs, which have been the sleeping giant in the inflation debate, are beginning to reflect higher rents across the U.S.
Today's topics include a weaker yuan, investing in sovereign debt, indexing it all, fintech investing, Bullard on reining in stimulus, governments' record debt level, new working incentives, crypto volume tumbles in June, and risk-adjusted crypto returns
Jim Bianco joins Fox Business to discuss Stocks vs Bonds and Cryptocurrencies with Charles Payne Jim Bianco: Bloomberg: Wall Street’s Math Whizzes Are Racing to Wire Up the Bond Market Justina Lee – Electronic venues like MarketAxess and TradeWeb accounted for 37% of investment-grade and 26% of high-yield trading in May, 8 percentage points higher… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – July 12th, 2021
The recent drop in the 10-year yield to almost 1.25% last week looks to be more a function of a bullish rush to get long the bond market rather than the covering of incorrect short positions.
Earnings and revenues are expected to surge at the fastest pace since the financial crisis.