Conference Call
Conference Call Replay – Can the Fed’s Dovish Tone Outweigh...
January 25, 2019
A replay of our January 25, 2019 conference call.
Our Research
Sample Our Reports, Presentations, & Market Insights
Media
CFA Los Angeles Annual Forecasting Dinner Handout
January 23, 2019
Jim Bianco's handout for his presentation at the CFA Los Angeles Annual Forecasting Dinner on January 23, 2019.
Earnings
2019 Earnings Are a Concern
January 7, 2019
Q4 2018 S&P 500 operating earnings estimates look good, but this is the last quarter benefiting from the corporate tax cuts. As analysts focus on 2019, the story gets worrisome.
Markets
Economic Data and Monetary Policy Rule the Roost, Not Trade
December 3, 2018
Do not become overly wrapped up in short-term reactions produced by trade policy headlines. Slowing global economic data changes and heightened monetary policy uncertainty continue to rule the roost.
Data Reports
Monthly Fund Flows – Detailing Active and Passive Flows
December 3, 2018
Fund flows through October 2018.
Markets
Fed and Markets as Data Dependent as Ever
November 23, 2018
Seasonality suggests U.S. economic data and rate hike timing rise into year-end. However a slowing global economy puts heavy pressure on the U.S. as a lone performer. Volatility should remain high around key U.S. data releases given both the Federal...
Markets
Falling Oil Prices to Test the Bank of Canada
November 14, 2018
Potential weakness in the housing market and the drop in oil prices will test the Bank of Canada's hawkish intentions.
Markets
Slowing Global Growth and Rising Policy Uncertainty
November 13, 2018
Global synchronized slowing is taking hold, but the U.S. and Latin America remain out-performers for now. Safe assets and the U.S. dollar have performed quite well during similar instances in the past.
Markets
A Different Kind of Risk-Off Has Treasuries Underperforming
November 13, 2018
The longest risk off cycle since December 2016 marches on, now at 37 trading days. Treasuries have underperformed versus typical risk off cycles.
Markets
Consumer Interest in Shopping Dropping Fast
November 13, 2018
Consumers are finding other things to do with the time they used to spend shopping. We see headwinds for retailers, especially in the home improvement space.
Long-end Yields Set to Decline, Flatten Curve
November 8, 2018
The U.S. 5-year 30-year spread is poised to flatten with investor positioning reaching steepening extremes and the Federal Reserve committed to normalizing policy.
Markets
Inflation, a Forgotten Concern
November 7, 2018
U.S. inflation expectations have become too pessimistic and a forgotten concern to degrees favoring widening in the weeks ahead.