Media
The CFA Society of San Antonio Presents Jim Bianco
June 5, 2020
The CFA Society of San Antonio recently held a webinar with Jim Bianco.
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Markets
What Kind of Restart Will We Have?
April 28, 2020
At some point, the economy will have to restart and people will return to work, but many questions remain. What will a restart look like? What kind of economic life will we return to? The economy needs to regain nearly 100% of its pre-virus activity...
Markets
Thoughts on the Fed Announcement
March 23, 2020
It is difficult to find a superlative to describe what the Fed announced this morning. At first blush, it looks like they are nationalizing financial markets, except for equities and high yield.
Markets
The End of the Central Bank Put?
March 15, 2020
Central banks fired all their weapons to stop markets from declining, but U.S. stock futures are locked limit down as we write. The central bank "put" no longer works. If risk markets make new lows, regulators and government officials may have no...
Markets
The Moment in This Decline Has Arrived
March 13, 2020
Friday, the 13th, between 7:45AM ET and 9:00AM ET the Fed will offer the massive sum of $1.175 trillion in liquidity (repo) in an attempt to help dysfunctional financial markets. If it works, and liquidity returns, financial markets should resemble...
Markets
The Market is Expecting The Fed to Cut 50 Basis Points Tomorrow...
March 1, 2020
S&P futures opened 60 points lower (1.9%), but have reversed to positive on the day. The market has priced in a 50 bps cut for tomorrow morning.
Markets
More Evidence China’s Statistics Measure Their Health Care...
February 9, 2020
Official statistics show that the coronavirus growth rate peaked a few days ago. Many hope this is a sign that the worst of the coronavirus is behind us. But more evidence is emerging that these statistics are not the measures of the virus growth,...
Markets
Coronavirus … What Panic?
February 8, 2020
Using cable news coverage as a gauge of concern/interest, we find little to no panic with the public over the virus. This suggests that little financial market downside has been discounted.
Markets
Coronavirus Charts for January 16, 2020 (Day 16)
January 31, 2020
Below is our collection of coronavirus charts updated through Day 16 of reporting, January 31, 2020. First An Observation – A Hard Arithmetic Limit In Virus Growth? Many news reports suggest that the Chinese are limited in their health...
Markets
China and the Global Supply Chain
January 31, 2020
Many economists are hoping for the best and assuming any economic impact from the coronavirus will be minimal. Because of the exponential growth rate of these types of outbreaks, it is nearly impossible to asses the true economic impact until the...
Markets
Coronavirus Growth Rates and Market Reactions
January 28, 2020
The growth in coronavirus infections has continued along a geometric progression for the last 12 days. While not overlooking the human tragedy, the markets have the difficult task of pricing an event that has a small chance of being devastating to...
Markets
Chicago Chapter of the CMT Association – January 23, 2020
January 24, 2020
On January 23, 2020, Jim spoke to the Chicago chapter of the CMT Association. Below is the slide deck from the speech: View PDF