While many still focus on inflation when discussing bond yields, it still appears as though falling yields are actually signaling a dramatic slowing in the economy, led by the surging Delta variant.... Read More
While the virus has surged again due to the Delta variant, a significant decline in mobility has yet to be seen across the country.... Read More
Jim Bianco: The US is rising, Japan is spiking, Australia just expanded its lockdowns to include Brisbane, and then this … Bloomberg: Forecaster Who Predicted India?s Covid Peak Sees New Wave Coming Bhuma Shrivastava and Malavika Kaur Makol – India... Read More
The fear is a continued rise in cases will lead to harsher economic restrictions that will impede activity.... Read More
Financial Times: Gas crunch sends prices hurtling higher David Sheppard – Natural gas prices in Europe and the UK have soared to some of the highest levels on record, threatening to raise costs for households and businesses as global supplies... Read More
Three Concerns for the Markets: Inflation, the Delta Variant, and China Replay Markets continue to look for answers to three key questions. First, is inflation transitory? Second, how might the delta variant impact the economy? Third, will China’s crackdown on... Read More
Jim Bianco: Two big misses this morning *U.S. 2Q ECONOMY GROWS AT 6.5% ANNUAL RATE; EST. 8.4% *U.S. WEEKLY JOBLESS CLAIMS AT 400,000 LAST WEEK; EST. 384,500 69 economists were surveyed for GDP and only one was below 6.5%. The... Read More
Jim Bianco: Key line: “Since then, the economy has made progress toward these goals, and the Committee will continue to assess progress in coming meetings.” Ben Breitholtz: no more SUBSTANTIAL! Fuse lit? could still be a long one Jim Bianco:... Read More
Case counts continue to surge in the U.S. The market is still trying to determine how to process these numbers.... Read More
Jim Bianco: The US keeps rising at 50% versus the previous day of the week. Highlighted below is Tuesday and the the last four previous Tuesdays. 180k to 200k this Friday? (the spikes are Friday – the highest day of... Read More
China seems intent on rolling back its capitalist experiment to the detriment of its entrepreneurs and technology sector.... Read More
During the ?summer of confusion? around the inflation narrative, Ben Breitholtz says a more hawkish Fed could actually bring yields lower. Jim Bianco: Bloomberg: U.S. Real Yields Fall to Record Low Amid Growth Concerns James Hirai and William Shaw –... Read More
Jim Bianco: Again, confirmed cases is the metric that politicians use to make lockdown decisions. It should not be this stat alone, but sadly it is. Day of week has a strong seasonal. Yesterday (July 22) at 55k was almost double... Read More
Jim Bianco: ESPN: Tokyo boss won’t rule out cancellation of Games The chief of the Tokyo 2020 organizing committee on Tuesday did not rule out a last-minute cancellation of the Olympics, as more athletes tested positive for COVID-19 and major... Read More
Jim Bianco: This took the wind out of the overnight attempt to rally. Again, fears that lockdowns or other economic restrictions are coming (or, the big rationalization to block the reopening of the office) *APPLE IS SAID TO POSTPONE OFFICE... Read More
Despite the exploding deficit, thanks to the Fed's large QE program, the total amount of debt issued has not increased over the last year. This cleared the way for any private sector buying to lower yields.... Read More
The major earnings story this week revolves around financials. Q2 2021 financial earnings rose significantly as big bank earnings came in.... Read More
Jim Bianco joins CNBC?s The Exchange Bloomberg: Why Everyone’s Experience of Inflation Is So Different Tracy Alloway and Joe Weisenthal – Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday... Read More