Today's topics include the transitory debate, a record day at the Fed's reverse repo facility, downplaying the Fed's dot plots, more on capex, declining productivity, meme stocks return, crypto vs. gold, and defined benefit funds look to lock in gains
Jim Bianco delivers long-term bull case for cryptocurrencies CNBC: ‘Coins like ethereum are going to be a lot higher way down the road,’ market forecaster Jim Bianco says Stephanie Landsman – If you can cope with sharp drops in the cryptocurrency space, market forecaster Jim Bianco believes it will ultimately pay off in spades. “Some… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – May 27th, 2021
“Some of these coins like ethereum are going to be a lot higher way down the road. But you’re going to have to stomach through much more of what we saw in the last week.”
Today's topics include inflation concerns, government spending, claims keep falling, Powell's future, timing the taper, will the Fed be able to raise rates?, mission creep at the Fed?, checking in on the retail crowd, a different way to value stocks, regulating SPACs, and the S&P's inflation-adjusted yield
Jim Bianco: Tracking the reopening.By this measure, everyone is reopening except Canada. The UK is now above pre-covid levels. Financial Times: How to defend against inflation? Ben Funnell – Can you remember the last time the US inflation rate exceeded 5 per cent? The answer, remarkably, is 1990 – long before most investors operating today even got… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – May 26th, 2021
Amidst last Wednesday's massive crypto selloff, automated market makers notched a big victory for decentralized finance.
Today's topics include timing the taper, the Fed's reverse repo facility, capital expenditures, U.S. stocks vs. world stocks on an equal-weighted basis, the jobs market, happy 125th birthday to the DJIA, questions for quant funds, and central bank digital currencies
Jim Bianco: Jamie Dimon spoke to the ICI conference on May 6. Just saw this. Forget whether I’m a fan of crypto, I’m not. “There should be legal regulatory tax-related framework, AML, around crypto. It’s now worth $2 trillion. When are they going to say “Oh my god, this is worthy of our attention”?” He… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – May 25th, 2021
Today's topics include a standing repo facility, the correlation between stocks & bonds, the dollar's status as the reserve currency, China's wall of corporate debt, timing the taper & rate hikes, checking in on the world of negative-yielding debt, house prices & inflation, tracking the Reddit crowd, global uncertainty, and making the case for CBDCs