Today's topics include gauging the odds of a tariff rollback, polarized politics, earnings' effect on stocks, debating the merits of negative rates, traders give up on the momentum play, five considerations for your portfolio, the deficit tops $1 trillion and Russia's shift away from the dollar.
Jim Bianco spoke to the Inside Fixed Income ETF conference in San Diego on November 13, 2019.
The cost of medical care services, which make up almost 7% of the headline number, has risen 8.82% on a 3-month annualized basis. This marks the largest 3-month annualized increase since January 1991!
Public impeachment hearings begin today. Betting markets and polls see Trump getting impeached, but not removed from office. The public hearings will likely sway these numbers.
The polls and betting markets continue to turn against Elizabeth Warren. Pete Buttigieg is gaining the most ground.
Today's topics include FOMO vs. central bank balance sheets, the latest on the trade war, relative global rates, a capital expenditure slowdown, credit spreads, comparing manufacturing sentiment in the U.S. and China, bank deposits on the rise, defending negative rates and underwriting an IPO.
Risk markets and yields are breaking out higher. Some believe improving economic data is the reason for the breakout. While that can be debated, it is worth noting central banks are expanding their balance sheets again.
Q3 2019 earnings season is over 89% complete and it’s looking like it will be a negative growth quarter. Q4 is also close to forecasting negative growth, setting up the potential for an earnings recession.
Today's topics include the situation in Hong Kong takes a turn for the worse, getting rates wrong, misclassifying bond funds, a tale of two surveys, Clarida speaks about low rates and low inflation, record Treasury outflows, the most profitable companies in the world, Fed policy during election years and stock market returns by president.