Tag Archives: Markets
Markets
Bespoke Commentary from Bianco Research & Arbor Data Science – February 11th, 2022
Bespoke Commentary from Bianco Research & Arbor Data Science – February 11th, 2022
Jim Bianco joins Bloomberg Real Yield to discuss the Fed Hike, Inflation & Yield Curve Jim Bianco: Morgan Stanley’s Vishy Tirupattur (the middle guy above) said that their economics department headed by Ellen Zentner has an early forecast for Feb... Read More
Markets
Where Are Valuations Now?
Where Are Valuations Now?
Posted By Alex Malitas
There is no doubt valuations are stretched and have been for some time. In a low-rate, strong-growth environment, this is not an issue. However, as we enter a period of Fed tightening and higher rates, the paradigm is shifting and valuations look more problematic.... Read More
Markets
Bespoke Commentary from Bianco Research & Arbor Data Science – February 10th, 2022
Bespoke Commentary from Bianco Research & Arbor Data Science – February 10th, 2022
Colleague: First time ever 5 consecutive worst than expected CPI. Jim Bianco: Durable good inflation is up 18% YoY. We are still buying “stuff” and not shifting to “services” or “experiences.” CME Fed Watch page is updating very slowly …... Read More
Markets
Bespoke Commentary from Bianco Research & Arbor Data Science – February 9th, 2022
Bespoke Commentary from Bianco Research & Arbor Data Science – February 9th, 2022
Bloomberg: Inflation-Stoking Supply Crunch Set to Ease in Second Half Christian Wienberg and Anna Edwards – A major player in global trade signaled disrupted supply chains rattling economies from Vietnam to Germany may return to normal within months, easing concerns... Read More
Markets
How Credit Trades and What It Is Signaling
How Credit Trades and What It Is Signaling
Posted By Jim Bianco
The high yield market, and we would argue the larger credit markets, have had two cycles over the past decade - buy and hedge. Right now we are in a hedging cycle. Persistent inflation and QT could initiate the first selling cycle in a long time.... Read More
Markets
Bespoke Commentary from Bianco Research & Arbor Data Science – February 8th, 2022
Bespoke Commentary from Bianco Research & Arbor Data Science – February 8th, 2022
Jim Bianco: The market now has 6 hikes priced in over the 7 FOMC meetings remaining in 2022. The consensus STILL cannot catch up to market pricing. Also not the market has 5 hikes priced in for the next 5... Read More
Markets
Bespoke Commentary from Bianco Research & Arbor Data Science – February 7th, 2022
Bespoke Commentary from Bianco Research & Arbor Data Science – February 7th, 2022
Jim Bianco: Spotify stock is down by almost half since it fall peak. The latest acceleration lower is the fear that they might lost Joe Rogan. And Rumble has stepped in today and offer Rogan $100 million to move to... Read More
Markets
Bespoke Commentary from Bianco Research & Arbor Data Science – February 4th, 2022
Bespoke Commentary from Bianco Research & Arbor Data Science – February 4th, 2022
Jim Bianco: *U.S. AVERAGE RETAIL GASOLINE PRICE SURGES TO HIGHEST SINCE 2014 Twitter: Jonathan Ferro @FerroTV Payrolls estimates todayMedian: 125k High: 250k Low: -400k CPI estimates next week Median: 7.3% High: 7.6% Low: 7% Tweet Jim Bianco: Boy did everyone gets... Read More
Markets
Value Stocks vs. Growth Stocks
Value Stocks vs. Growth Stocks
Posted By Jim Bianco
Value had a great month or two relative to growth. In the short-term some sort of mean reversal would not be a surprise. However, long-term value has barely begun its retracement of growth's outperformance of the past 15 years.... Read More
Markets
Bespoke Commentary from Bianco Research & Arbor Data Science – February 2nd, 2022
Bespoke Commentary from Bianco Research & Arbor Data Science – February 2nd, 2022
Jim Bianco joins Fox Business to discuss the Federal Reserve, Earnings Reports & Blockchain Adoption Jim Bianco: *ADP RESEARCH INSTITUTE SAYS U.S. LOST 301,000 JOBS IN JAN. 35 estimates, 180k median. Yes, this is number should always be viewed with... Read More
Markets
The Divergence of Sentiment and Positioning
The Divergence of Sentiment and Positioning
Posted By Alex Malitas
It seems like both the market and managers can not agree on what 2022 will hold for the market and broader economy. Depending on where you look you hear buy-the-dip, sell-the-rip, 3 hikes, 7 hikes, and everything in between. How can sentiment and positioning diverge so greatly?... Read More
Markets
Bespoke Commentary from Bianco Research & Arbor Data Science – February 1st, 2022
Bespoke Commentary from Bianco Research & Arbor Data Science – February 1st, 2022
Jim Bianco: The JOLTs (Jobs Opening Labor Turnover) report foe December is out. The labor shortage is off the charts and keeps getting more and more extreme. As the middle panel shows, the US has 4.6 million more open jobs... Read More
Markets
Payroll Outlook – Weak Report Thanks to Omicron?
Payroll Outlook – Weak Report Thanks to Omicron?
Posted By Jim Bianco
Many expect omicron could weight on the January payroll report. This will make the change in nonfarm payrolls difficult to interpret.... Read More
Markets
Bespoke Commentary from Bianco Research & Arbor Data Science – January 31st, 2022
Bespoke Commentary from Bianco Research & Arbor Data Science – January 31st, 2022
Jim Bianco: Remember the market has five hikes priced in. So this contest of one upping each other on rate hikes is really a race to agree with market pricing. Twitter: Jonathan Ferro @FerroTV 2022 Fed hike guesses MS: 4 DB:... Read More
Markets
The Curve Flattens More
The Curve Flattens More
Posted By Jim Bianco
The yield curve's flattening is a sign of growing concern that the Fed is going to hike too much and break something. The curve is not inverted, which would signal the market believes things are already breaking, but it is rapidly moving toward that level.... Read More
Markets
The Big Issue for 2022
The Big Issue for 2022
Posted By Jim Bianco
The Fed is intent on addressing inflation, which may require putting asset markets under stress. Wall Street and investors are not yet convinced the Fed will get aggressive. This game of chicken is the story of 2022.... Read More
Markets
The Supply Chain Is Not Improving
The Supply Chain Is Not Improving
Posted By Jim Bianco
Despite Wall Street's proclamations, there are still few signs the supply chain is getting better. Now Fed Chair Jay Powell agrees.... Read More