Tag Archives: Markets

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 23rd, 2021
Bespoke Commentary

If you have any further questions on this material please contact me at: gus.handler@arborresearch.com Ben Breitholtz: Through Powell’s presser yesterday, officials have ramped up inflation discussions to the highest frequency since mid-2016. Nonetheless, employment continues to reign supreme. Financial stability,... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 22nd, 2021
Bespoke Commentary

If you have any further questions on this material please contact me at: gushandler@arborresearch.com Ben Breitholtz: I see implied vol expectations across the curve are FALLING! The moderate bump we saw in 10-year vol is vanishing. Jim Bianco: That’s it,... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 21st, 2021
Bespoke Commentary

Jim Bianco: Bloomberg has a weekly consumer confidence report that breaks it down by self-described political alignment. As this chart shows, political alignment might be the strongest of all traits in determining consumer confidence (see the bottom panel and note... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 20th, 2021
Bespoke Commentary

Jim Bianco: The story that will not go away for the Fed gets worse and worse. Now Powell is involved. CNBC: Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic Steve Liesman – Amid an outcry... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 17th, 2021
Bespoke Commentary

Jim Bianco: Bloomberg: Fed Seen Announcing Bond Taper in November, Rate Liftoff in 2023 Steve Matthews and Kyungjin Yoo – The Federal Reserve will probably hint at its meeting next week that it is moving toward scaling back monthly asset... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 16th, 2021
Bespoke Commentary

Ben Breitholtz: Solid beat by retails sales, which rose 2.0% MoM ex auto and gas. Remember search activity nicely rebounded throughout August! Weak sales found almost only in chip related businesses. Also, strong retail sales also supports the moderately increased... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 15th, 2021
Bespoke Commentary

Jim Bianco joins Fox Business to discuss the CPI Report, US 10-Year Treasury and Fed Taper Timeline Jim Bianco: I was asked about the weightings on CPI reopening components.  I added tables on the charts. Ben Breitholtz: Here’s the breakdown... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 14th, 2021
Bespoke Commentary

Colleague: *** CPI for Aug 2021*** CPI m/m: +0.3%   (vs +0.4% exp) CPI y/y: +5.3%   (vs +5.3% exp) Core m/m: +0.1%   (vs +0.3% exp) Core y/y: +4.0%   (vs +4.2% exp) Differences between Core and headline CPI m/m were driven by... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 13th, 2021
Bespoke Commentary

Ben Breitholtz: Top forecasters on core CPI see a slight miss at 0.2% MoM (vs est 0.3%). Another big release in CPI, yet bond investors show little to no fear! US Treasury implied volatility (via swaptions here 1m X 10y)... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 10th, 2021
Bespoke Commentary

Ben Breitholtz: PPI remains ultra-high on a rolling 3-month annualized basis, rivalling levels last seen in the early 1980s. But! Commodity prices tracked by PPI have begun to abate to a 3-month annualized pace of 16%. The % of commodities... Read More

Markets

Bespoke Commentary from Bianco Research and Arbor Data Science – September 9th, 2021
Bespoke Commentary

Ben Breitholtz: It’s ‘the olds’ who continue to have the largest right-side tail for inflation expectations. 46% of those aged 55 or more see 5+% YoY headline inflation over the year ahead. Greg Blaha: The Fed’s Survey of Consumer Expectations... Read More