Yesterday Fed Vice Chair Clarida said the Fed does not need to cut rates unless the economy weakens. The market is now pricing in three cuts over the next year, bringing even the July meeting into question.
Fund flows through April 2019.
Today's topics include what bond market may be trying to tell us, stock market valuation, how Trump will drag the Fed into the trade war, tariffs and "slowbalization", how robo-investors trade the trade war, currency traders have a good month and crude oil.
A replay of our May 30, 2019 conference call.
Jim Bianco was on Bloomberg Radio yesterday discussing the inverted yield curve.
Join us for our conference call today at 9 AM CT.
Today's topics include testing the Fed's patience, Judy Shelton talks policy, blaming the trade war, finding alternatives to the U.S. dollar, Venzuela's first official economic data since 2015, concern for the corn harvest, soybeans back in the crosshairs and high frequency traders fight the speed bumps.
The fed funds futures market is pricing in two cuts over the next year. The yield curve is inverted. These are signals the Fed is too tight. Will the Fed heed these warnings and cut rates or will they risk creating a recession?
Today's topics include stock buybacks, China's access to Wall Street, the case for lower yields, China's slowdown and emerging markets, China's currency practices, China's high yield market, how stocks fare after a crisis, crude oil, NY Fed loses two top officers, replacing Larry Fink and David Tepper.
The betting markets should be viewed as real-time polls. They are showing Trump behind the generic Democrat, but the gap is narrowing. In the race for the Democrat nomination, Joe Biden has separated from the pack a bit, but his odds may have peaked.