Tag Archives: Markets
Markets
MacroVoices #380 Jim Bianco: FOMC to China to Dollar to AI
MacroVoices #380 Jim Bianco: FOMC to China to Dollar to AI
MacroVoices Erik Townsend and Patrick Ceresna welcome Bianco Research founder Jim Bianco to the show to discuss the FOMC statement, the Fed?s hawkish pause, where rates and stock prices are headed, and much more.... Read More
Markets
What’s Driving Fed Policy?
What’s Driving Fed Policy?
Jim Bianco, president of Bianco Research sits down with Maggie Lake to discuss the recent actions of the Federal Reserve, decipher the sentiment in the bond market, and provide a breakdown of yesterday's crucial inflation data. In the second half of today's show, Jim Bianco will explain to us the key drivers behind the current Fed policy. ... Read More
Markets
Sentiment and Positioning: A New Bull Market?
Sentiment and Positioning: A New Bull Market?
Posted By Alex Malitas
The S&P 500 has entered a new bull market after rallying 20% from its low last year. A lack of market breadth and uncertainty regarding the economic and inflation outlook in the U.S. has investors positioning for more trouble in the stock markets. Fixed income sentiment is mixed.... Read More
Markets
The Week Liquidity Gets Tested
The Week Liquidity Gets Tested
Posted By Jim Bianco
In the next 48 hours, the Treasury will issue $290 billion of securities. This will tell us much about liquidity and the market impact of refilling the Treasury's General Account (TGA).... Read More
Markets
Profiling the Mutual Fund & ETF Universe
Profiling the Mutual Fund & ETF Universe
Posted By Greg Blaha
52% of households owning mutual funds make more than $100k per year.... Read More
Markets
The Divide Between Active and Passive Fund Fees
The Divide Between Active and Passive Fund Fees
Posted By Greg Blaha
Active equity funds continue to charge 10x the fees of passive equity funds.... Read More
Markets
Breaking Down Retirement Assets
Breaking Down Retirement Assets
Posted By Greg Blaha
42% of U.S. households own an IRA. The difference in ownership between the highest and lowest income buckets is staggering.... Read More
Markets
Government vs. Prime Money Market Funds
Government vs. Prime Money Market Funds
Posted By Greg Blaha
A look at the holdings of government-only money market funds versus prime money market funds... Read More
Markets
What’s Next for Bill Yields?
What’s Next for Bill Yields?
Posted By Jim Bianco
Today alone, the U.S. Treasury will issue over $170 billion of bills. This is the beginning of a total wave of issuance over the next few months expected to top one trillion dollars. What it means depends on how much of the funds for these new issues come from the Fed's Reverse Repo Facility (RRP). Predicting moves in the RRP is difficult. So, over the next few days, we will watch the daily take from the RRP.... Read More
Markets
High Yield Spreads Not Following Tighter Loan Standards
High Yield Spreads Not Following Tighter Loan Standards
Posted By Greg Blaha
Worsening loan conditions have yet to send high-yield spreads wider. It is worth noting the index contains higher quality bonds than in past crises.... Read More
Markets
Tax Receipts Cover 70% of Federal Spending
Tax Receipts Cover 70% of Federal Spending
Posted By Greg Blaha
Tax receipts only cover 70% of federal spending as net interest costs are projected to rise.... Read More
Markets
Nvidia Joins the Trillion Dollar Club
Nvidia Joins the Trillion Dollar Club
Posted By Greg Blaha
Nvidia has capitalized on the AI frenzy, joining a small club of companies worth more than $1 trillion.... Read More
Markets
Stablecoins Turn the Tables
Stablecoins Turn the Tables
Posted By Jim Bianco
Before May 2022, regulators worried that stablecoins posed a systemic risk to traditional financial markets, like Treasury bills. What if everyone lost confidence in stablecoins and moved at once to get out, causing their reserves to dump hundreds of billions of Treasury bills all at once. Now, traditional markets and their regulators, and the specter of defaulting Treasury bills (off the table until early 2025), pose a risk to stablecoins! This is leading to the stablecoin of choice being offshore, opaque, and not involved in Treasury bills ... USDT and not the regulated and transparent options of USDC. How things have changed!... Read More
Markets
Is Another Liquidity Drain Coming?
Is Another Liquidity Drain Coming?
Posted By Jim Bianco
Now that a debt deal is in place, the Treasury is expected to issue up to $1 trillion in new securities over the next few months. If investors purchase these securities, it will create a liquidity drain. History shows such drains cause financial market turbulence. If these Treasuries are purchased using funds in the Fed's reverse repo facility, the liquidity drain will be greatly muted.... Read More
Markets
The Return of the Bear Flattener
The Return of the Bear Flattener
Posted By Jim Bianco
Inflation data and booming stock prices put a rate hike in play for June. A second hike in July is not out of the picture. Bond yields and the curve are responding accordingly.... Read More
Markets
Updating the Narrow Market Rally
Updating the Narrow Market Rally
Posted By Jim Bianco
Since early March, the AI/ChatGPT stocks have continued to soar on the idea of a paradigm shift. The rest of the market stopped rallying when banks began struggling.... Read More