Tag Archives: Markets
Markets
A Macro Look At The New Economy with Jim Bianco | On The Tape Podcast No. 174, Part 2
A Macro Look At The New Economy with Jim Bianco | On The Tape Podcast No. 174, Part 2
On this episode of On The Tape Dan & Danny they sit down with Jim Bianco of Bianco Research to discuss why the economy needs to restructure, bond market volatility and inflation, the debt ceiling and valuations.... Read More
Markets
What Is the Real X-Date?
What Is the Real X-Date?
Posted By Jim Bianco
There are still questions about the real x-date. Is it around June 1 or is it around late July?... Read More
Markets
Individual & Foreign Interest in T-Bills
Individual & Foreign Interest in T-Bills
Posted By Jim Bianco
Individuals and foreigners are chasing higher Treasury bill yields and buying record amounts. It confirms the trend of a "bank walk" out of low-yielding checking accounts.... Read More
Markets
Is the Fed Done Hiking?
Is the Fed Done Hiking?
Posted By Greg Blaha
The Fed has signaled they may be done hiking rates. What do market-based measures suggest?... Read More
Markets
The Correlation Between Stock & Bond Returns
The Correlation Between Stock & Bond Returns
Posted By Greg Blaha
As inflation remains at elevated levels, the correlation between stock and bond returns is a telling sign on investors' thinking.... Read More
Markets
Market Breadth Is Troubling
Market Breadth Is Troubling
Posted By Alex Malitas
While it might seem the S&P 500 is off to an outstanding start to 2023, considering the risk and uncertainty the economy currently faces, most stocks are struggling. Eight stocks have provided nearly all the returns for the index this year.... Read More
Markets
Updating the Government’s Rising Interest Costs
Updating the Government’s Rising Interest Costs
Posted By Greg Blaha
For the last few decades we have been in a low interest rate environment where deficit spending would not cause major issues. However, a 40-year high in inflation prompted the Fed to tighten monetary policy at a fast pace. Higher rates mean the cost of servicing U.S. debt will follow higher. ... Read More
Markets
Quick comment about Credit Suisse and First Republic
Quick comment about Credit Suisse and First Republic
First Republic’s earnings report yesterday was a disaster, which is why the stock is crashing to a new low. The Street was thinking they were going to show a $40 billion deposit outflow. Instead they report a $70 billion NET... Read More
Markets
More on the T-Bill Yield Curve
More on the T-Bill Yield Curve
Posted By Jim Bianco
The T-bill yield curve continues to be an important metric to watch. The distortion in the shortest maturities is a result of buying, not selling of bills around the debt ceiling's X-date. This is more about deposits leaving banks for money market funds than concerns over a potential default.... Read More
Markets
Everything Starts With Bank Deposits
Everything Starts With Bank Deposits
Posted By Jim Bianco
The current state of the economy, the level of inflation, and what the Federal Reserve is communicating to markets are irrelevant. Instead, the million dollar question is, "what will be the impact of the bank walk on lending and the economy?" We believe a continued flight of deposits will create a significant economic drag later this year.... Read More
Markets
Alternative Measures of the Housing Market
Alternative Measures of the Housing Market
Posted By Greg Blaha
Houses sold at a median $217 per square foot in March, down from $231 per square foot in May 2022. However, this is still roughly $55 higher per square foot than pre-pandemic levels. Interestingly, list prices per square foot (green) are creeping higher once again.... Read More
Markets
Looking at ETF Flows
Looking at ETF Flows
Posted By Alex Malitas
ETFs represent an important part of equity markets, allowing everyday investors to capture different types of market strategies with just one investment and minimal fees. These are most often passive investments (allocators), yet active ETFs (traders) have become more common in recent years. ... Read More
Markets
The Unusual T-Bill Yield Curve
The Unusual T-Bill Yield Curve
Posted By Jim Bianco
Many believe the steep T-bill yield curve and the spread between 3-month and 1-month T-bill yields are signs of concern over the debt ceiling. While this may be partially true, the flood of money away from banks and into money market funds is also creating extra demand (and lower yields) for 1-month T-bills.... Read More
Markets
Are Banks About to Lose $250 Billion in Deposits?
Are Banks About to Lose $250 Billion in Deposits?
Posted By Jim Bianco
Tomorrow, April 18, is the deadline for filing taxes in the US. This event greatly impacts bank deposits. History suggests $250 billion can flow from bank accounts to pay taxes. After that, we believe depositors will act rationally and use their mobile apps to move from low-yielding bank accounts to high-yielding market-based accounts. Over time this will lead to a credit crunch.... Read More
