Tag Archives: Markets
Markets
Is the Horse Pulling at the Post?
Is the Horse Pulling at the Post?
Posted By Jim Bianco
Sovereign bond yields are soaring in developed countries and reflation (real growth) hopes are giving way to inflation fears. Central banks' yield curve control policies are being rejected, for now. ... Read More
Markets
Interpreting Rising Yields
Interpreting Rising Yields
Posted By Jim Bianco
In yesterday's testimony Chairman Powell tried to portray rising interest rates as a statement of confidence. Markets are mixed on this idea.... Read More
Markets
The Bond Market Is Worried
The Bond Market Is Worried
Posted By Jim Bianco
Rates are moving higher amid fears booming real growth will come with more inflation. The output gap can be filled by the proposed stimulus package, allowing inflation to rise.... Read More
Markets
How to Spot a Bubble
How to Spot a Bubble
Posted By Jim Bianco
Clearly valuation metrics are already stretched. However, traders can ignore valuations for quite a long period of time.... Read More
Markets
The Return to the Office Is Slow
The Return to the Office Is Slow
Posted By Jim Bianco
While the markets are pricing in a speedy return to normal, reality may come up short of these expectations. We fear the return of inflation more than most. There is a difference between relation and inflation. Right now the market sees reflation (aka real growth), but we believe this will morph into inflation later this year.... Read More
Markets
Nikkei 30-Year High, Why So Long?
Nikkei 30-Year High, Why So Long?
Posted By Jim Bianco
The Japanese stock market has lagged the rest of the developed world. A giant equity bubble popping in the 1990s, an unwillingness to embrace change, and the lack of a large passive ETF market have all contributed to the 30-year drought.... Read More
Markets
2% Long Bonds
2% Long Bonds
Posted By Jim Bianco
So do investors see this rise in rates as a healthy reflation or worrisome inflation? For now, the reflation narrative is winning. We expect the inflation narrative to take over later this year.... Read More
Markets
Shifts in Big Banks’ Balance Sheets
Shifts in Big Banks’ Balance Sheets
Posted By Greg Blaha
Bank lending as a percentage of assets recently hit an all-time low.... Read More
Markets
How the Fed Is Fueling the Rally in “Stonks”
How the Fed Is Fueling the Rally in “Stonks”
Posted By Jim Bianco
The Fed is preventing the natural counter-balance of money rushing out of bonds during stock rallies. The idea that the Fed is backstopping the market has reduced the perception of risk.... Read More
Markets
Housing Prices Across the Country
Housing Prices Across the Country
Posted By Greg Blaha
Although house prices have risen markedly in the past six months, a few cities across the U.S. have yet to regain their pre-2006 levels in home prices.... Read More
Markets
COVID/Vaccine Update
COVID/Vaccine Update
Posted By Jim Bianco
While the pace of vaccinations is ramping up across the globe, these programs are still in their early stages. Israel should provide the first real data point on herd immunity goals. Infection rates are peaking, but this may be due to weather changes more than vaccinations.... Read More
Markets
It’s About a Short Cover
It’s About a Short Cover
Posted By Jim Bianco
Two conclusions can be true at once. The market can be exhibiting signs of mania. At the same time, this new group is disrupting Wall Street and not going away. Similar disruptions happened in newspaper, taxi, hotel, retail, and communication industries. Now the financial markets appear to be taking their turn.... Read More
Markets
Treasury Supply Falls
Treasury Supply Falls
Posted By Jim Bianco
Why the Treasury is borrowing much less this quarter and why borrowing might boom this summer... Read More
Markets
The Retail Revolt Continues
The Retail Revolt Continues
Posted By Jim Bianco
Many experienced financial professionals are warning the retail revolters that this will end in tears. We share this sentiment as well. But we are not yet sure which group will bear the brunt of the losses.... Read More
Markets
Squeeze!
Squeeze!
Posted By Jim Bianco
Retail investors continue to set new options volume records and many stocks are undergoing a short squeeze.... Read More