Today's topics include talking about higher rates, arguments for & against inflation, what is driving yields higher?, retail traders' role in the stock market's euphoria, U.S. dollar sentiment, value investing, bank stocks, MMT, ETF closures in 2020, Tesla vs. the dot com bubble, and LIBOR's slow death
A recent study found over 93% of the 6 million higher wage earners laid off during the pandemic had returned to work. By contrast, only half of the 12 million lower wage workers had returned to work over the same period.
Today's topics include equity valuations, the dollar as the world's currency reserve, MSCI will drop delisted Chinese companies from indices, hedge fund winners & losers, housing affordability, pandemic bubble echoes, cryptocurrencies' best week since 2017, and low rates for longer
Today's topics include talking inflation, bank stocks' great day, corporate borrowing off to fast start in 2021, reviewing the FOMC minutes, crypto market value hits $1 trillion, and crude oil ETF rebalancing
Until fiscal stimulus is proven to have a consequence, such as higher bond yields from higher inflation expectations, we should expect widening deficits.
Today's topics include the reflation trade, unified government, ADP posts negative payroll number, inflation's effect on government debt levels, spending those stimulus checks, an alternative to company-based pension funds, hedge funds simply bought tech stocks in 2020, minimum wages on the rise in 2021, and NYSE's flip-flop on Chinese listings
One final update on the Georgia elections as voters go to the polls today
Today's topics include risk-on vs. risk-off, the Bank of England's purchases, at some point the bill comes due, big banks profit on SPACs, Howard Marks warns on corporate borrowing, the Fed's main street lending facility, another sky-high bitcoin projection, and inflation expectations above 2%