Tag Archives: Markets
Markets
Regime Change
Regime Change
The week of May 14 to May 18 Jim and Ben visited clients in Europe. Below is the handout used. The Fed has shifted its focus from Financial stability to Inflation. The chart below shows 25-speech rolling word counts of... Read More
Markets
Mid-Term Update
Mid-Term Update
FiveThirtyEight – Nate Silver: For Once, Republicans (And Democrats) Mostly Avoid Self-Inflicted Damage A secondary headline, given that Blankenship finished in a quite distant third place, is that internal ?polls? supposedly showing Blankenship surging may have been bullshit all along and driven... Read More
Markets
Rising Risks for European Equities
Rising Risks for European Equities
Posted By Ben Breitholtz
Economic data changes have fallen below a key threshold typically followed by higher volatility and moderate drawdowns across equity markets. The Eurozone appears most susceptible to trouble with the U.S. and many emerging markets having yet to see similar economic setbacks.... Read More
Markets
Conference Call Replay – Look Forward, Not Backward
Conference Call Replay – Look Forward, Not Backward
The handout, audio replay and webinar replay of our May 10, 2018 conference call titled Look Forward, Not Backward can be found below. The handout can be found here (starts with the second post). The audio replay can be heard below:... Read More
Markets
Economic Surveys Are a Danger to Markets
Economic Surveys Are a Danger to Markets
Bloomberg.com ? Jim Bianco and Ben Breitholtz: Economic Surveys Are a Danger to Markets So-called soft data suffer from a circular reference due to groupthink, herd mentality and political preferences. Wall Street treats surveys or opinions of economic activity, otherwise known as ?soft... Read More
Markets
What Does Work
What Does Work
Summary An end to global synchronized growth poses risks for lopsided short positioning in long-end U.S. Treasuries. The Federal Reserve and markets are pricing in very little uncertainty, but news trends indicate uncertainty over central bank policies are indeed on... Read More
Markets
Defensive Sectors in the U.S. Await Their Cue
Defensive Sectors in the U.S. Await Their Cue
Posted By Peter Forbes
Developed market growth has fallen below its one-year average but investors remain wary of longer-dated sovereigns. Investors preparing for slowing growth in the U.S. should watch the relative performance of non-cyclical sectors. ... Read More
Markets
Automakers Feeling Exposed
Automakers Feeling Exposed
Posted By Peter Forbes
Consumer search traffic shows steadily declining interest in auto purchases. Slowing economic growth, tighter financial conditions and rising volatility all point toward lower prices. ... Read More
Currencies
Why The Fed Needs To Create A “Fedcoin”
Why The Fed Needs To Create A “Fedcoin”
Posted By Jim Bianco
Should the Fed create a "Fedcoin"?... Read More
Markets
The May 4, 2018 CoT Report
The May 4, 2018 CoT Report
Posted By Ryan Malo
A look at the CoT report from May 4, 2018.... Read More
Markets
CoT Detail: Currencies
CoT Detail: Currencies
We have been highlighting the ?over-speculated? nature of currencies over the past several months. This is another way of saying the dollar is too hated. The first chart below shows the euro. The net position of large specs (second panel)... Read More
Markets
Jim’s View: Investors Need To Look Forward, Not Backward
Jim’s View: Investors Need To Look Forward, Not Backward
Posted By Jim Bianco
As risk markets struggle in 2018, we need to again remind ourselves they look forward and not backward. Booming earnings, deregulation, tax cuts and synchronized global growth propelled stocks earlier this year, but those themes have recently taken a back seat to peak earnings fears, rate hikes, quantitative tightening and a slowdown in Europe.... Read More
Markets
Comparing State Muni Yields & Total Returns
Comparing State Muni Yields & Total Returns
Posted By Greg Blaha
Comparing state muni yields and total returns... Read More
Markets
High Yield Market Is Ignoring Lower Valuations
High Yield Market Is Ignoring Lower Valuations
Posted By Jim Bianco
The forward P/E ratio is giving a warning sign of impending lower valuations. So far, the high yield market has ignored the warning. Should it?... Read More