Today's topics include framing the inflation debate, detailing the explosion in money supply, how will stimulus checks be spent?, the idiosyncratic bond market, some skepticism on the commodity super cycle, muni bonds, small cap outperformance, the truths of macroeconomics, and WTI to help set brent benchmarks in 2022
What's wrong with politics? It might not be red versus blue, but rather elderly versus non-elderly.
Today's topics include looking for signs of an exhausted rally, electronic bond trading, fund flows, fretting over inflation, checking in on retirement savings, Bitcoin closes in on $1 trillion market value, Musk vs. Bezos, and CEO optimism hits an extreme
Today's topics include Jim on Bloomberg surveillance, how long can a bubble last?, when will higher yields hurt stocks?, two approaches to labor market woes, rationalizing high valuations, looking for historical precedents to current fiscal/monetary policy, picking a winning reddit stock, Gamestop's dail-to-deliver statistics, ETFs changing benchmarks, and shipping logjam's effect on commodity prices
Clearly valuation metrics are already stretched. However, traders can ignore valuations for quite a long period of time.
The Fed's holdings of Treasury securities continues to grow and remains larger than all other central banks' holdings combined.
Today's topics include when do rates stop rising, on yield curve control, bitcoin craze continues, SPACs and flying cars?, renewable energy, Citi calls for a correction, hope from retail sales, and luck & the 'reddit rally'
A replay of our February 18, 2021 conference call