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
Over the past few months many have attempted to decipher the reason 10-year yields have continued to fall. We were among those who believed the drop in yields was temporary and non-transitory inflation would reassert itself. But now it appears as though falling yields are actually signaling a dramatic slowing in the economy, led by the surging delta variant.... Read More
Jim Bianco: CPI was a big blow out to the upside, both headline and core. Don’t worry, just relax and keep repeating “transitory” over and over. Y/Y CPI headline = 5.4% Core 4.5% *U.S. JUNE CONSUMER PRICES INCREASE 0.9% M/M;... Read More
How much more inflation will we see moving forward? And now much longer can the bond market ignore it?... Read More
Jim Bianco joins Fox Business to discuss Stocks vs Bonds and Cryptocurrencies with Charles Payne Jim Bianco: Bloomberg: Wall Street?s Math Whizzes Are Racing to Wire Up the Bond Market Justina Lee – Electronic venues like MarketAxess and TradeWeb accounted... Read More
The recent drop in the 10-year yield to almost 1.25% last week looks to be more a function of a bullish rush to get long the bond market rather than the covering of incorrect short positions.... Read More
Ben Breitholtz: Investors have jumped head first back into long-term Treasuries (TLT) Ran a little query for what happens to US 30-year bond yields after rolling one-month flows for TLT exceed +2 standard deviations ($2.3 billion). Yields have been higher... Read More
Wall Street Journal: This Summer, Jobs Come With a Hefty Signing Bonus Patrick Thomas – Signing bonuses are usually reserved for professional athletes and a privileged few white-collar professionals. Not this summer. As U.S. employers? search for hires increases in... Read More
Ben Breitholtz: Twitter: Joe Weisenthal @TheStalwart IT’S TOTALLY FINE IF THE BOJ MURDERS THE GOVERNMENT BOND MARKET In today’s @markets newsletter, I wrote about why nobody should care when a central bank smothers a sovereign bond market, and eliminates trading or price volatility... Read More