Today's topics include part one of the Treasury's refunding announcement, rising yields in the face of rate cuts, results of yesterday's Treasury auctions, momentum vs. valuation in the short-term, a good sign from CEOs?, tech earnings, China's uneven economic slowdown, sizing up China's stimulus package, and the BoJ continues to walk a fine line
We are more than a third of the way through Q3 earnings season. Expectations for earnings growth have fallen significantly since late 2023. It remains to be seen if companies can beat estimates at rates similar to those of past quarters.
Today's topics include a note on an anomalous payrolls report, another view of the labor market, Timiraos gauges how each candidate would affect inflation, a big couple weeks for the bond market, the Treasury's quarterly refunding announcement, housing supply & demand, and the BoJ's communication breakdown
Jim Bianco joins Bloomberg to discuss the Election, Bond Market Volatility & the Federal Reserve with Jonathan Ferro & Annmarie Hordern.
Today's topics include existing home sales don't look good, the Fed doesn't have an understanding of inflation, yen carry & tech stocks, the IMF declares inflation beaten, what to think of China's stimulus, Jurrian Timmer comments on RRP & the TGA, money markets climb to new high, new leveraged loan record, investing for the long run, and global population decline
While official retail sales data remains strong, lower-income household spending has been somewhat stagnant for a couple years now.
10-year yields have risen almost 60 basis points since the Fed started cutting rates, more than any other period after a first rate cut since at least 1989.
This week's update looks at presidential betting, Electoral College betting, the polls, the election models and the potential of a red wave.
In the second quarter of this year, retirement assets rose to $40 trillion, ten times the size of the assets in 1974.