Defined benefit plans continue to be replaced by IRAs and defined contribution plans.... Read More
Over the past couple quarters, households' real estate equity actually and direct stock ownership converged to similar levels.... Read More
Roughly 41% of FDIC deposits in the U.S. are uninsured.... Read More
No one can doubt the bulls are in control of the financial markets right now. But will it stay that way long enough for investors to make good returns from here? It's unclear. There are a lot of ways the future can play out from here, as there are cross-currently galore in both the macro and market data. To discuss and make sense of it all, we're fortunate to welcome Jim Bianco of macro research firm Bianco Research back to the program. ... Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Bianco Research founder Jim Bianco to the show to discuss the FOMC statement, the Fed?s hawkish pause, where rates and stock prices are headed, and much more.... Read More
Jim Bianco, president of Bianco Research sits down with Maggie Lake to discuss the recent actions of the Federal Reserve, decipher the sentiment in the bond market, and provide a breakdown of yesterday's crucial inflation data. In the second half of today's show, Jim Bianco will explain to us the key drivers behind the current Fed policy. ... Read More
The S&P 500 has entered a new bull market after rallying 20% from its low last year. A lack of market breadth and uncertainty regarding the economic and inflation outlook in the U.S. has investors positioning for more trouble in the stock markets. Fixed income sentiment is mixed.... Read More
In the next 48 hours, the Treasury will issue $290 billion of securities. This will tell us much about liquidity and the market impact of refilling the Treasury's General Account (TGA).... Read More
52% of households owning mutual funds make more than $100k per year.... Read More
Active equity funds continue to charge 10x the fees of passive equity funds.... Read More
42% of U.S. households own an IRA. The difference in ownership between the highest and lowest income buckets is staggering.... Read More
A look at the holdings of government-only money market funds versus prime money market funds... Read More
Today alone, the U.S. Treasury will issue over $170 billion of bills. This is the beginning of a total wave of issuance over the next few months expected to top one trillion dollars. What it means depends on how much of the funds for these new issues come from the Fed's Reverse Repo Facility (RRP). Predicting moves in the RRP is difficult. So, over the next few days, we will watch the daily take from the RRP.... Read More
Worsening loan conditions have yet to send high-yield spreads wider. It is worth noting the index contains higher quality bonds than in past crises.... Read More
Tax receipts only cover 70% of federal spending as net interest costs are projected to rise.... Read More
Nvidia has capitalized on the AI frenzy, joining a small club of companies worth more than $1 trillion.... Read More
Before May 2022, regulators worried that stablecoins posed a systemic risk to traditional financial markets, like Treasury bills. What if everyone lost confidence in stablecoins and moved at once to get out, causing their reserves to dump hundreds of billions of Treasury bills all at once. Now, traditional markets and their regulators, and the specter of defaulting Treasury bills (off the table until early 2025), pose a risk to stablecoins! This is leading to the stablecoin of choice being offshore, opaque, and not involved in Treasury bills ... USDT and not the regulated and transparent options of USDC. How things have changed!... Read More