Tag Archives: Markets
Markets
“Elon Musk meet Jim Bianco”
“Elon Musk meet Jim Bianco”
Jim Bianco on Bloomberg TV discussing the latest in the Regional Banking Crisis & the Federal Reserve with Tom Keene and Lisa Abramowicz.... Read More
Markets
Breaking Down Money Market Funds
Breaking Down Money Market Funds
Posted By Greg Blaha
Institutional funds accounted for roughly 88% of the inflows into money market funds since March 10.... Read More
Markets
Alternative Housing Data Softened Again in February
Alternative Housing Data Softened Again in February
Posted By Greg Blaha
Redfin's alternative measures of the housing market continue to show a slowdown in the crazy conditions of the last year.... Read More
Markets
Depositors Are Yield-Seekers
Depositors Are Yield-Seekers
Posted By Jim Bianco
The Federal Reserve's H8 report details the assets and liabilities of commercial banks. The latest data shows deposit flight to higher-yielding options continues.... Read More
Markets
Did We See the Last Rate Hike?
Did We See the Last Rate Hike?
Posted By Jim Bianco
For the first time this hiking cycle, the funds rate has reached the market's expected terminal rate. This suggests the hiking cycle is over. If the Fed is done hiking because they broke something with their aggressive campaign, as they have done in the previous cycles, it is a disastrous time to own stocks.... Read More
Markets
The Velocity of Deposits Has Increased
The Velocity of Deposits Has Increased
Posted By Jim Bianco
The catalyst for a problem is often unanticipated. In the case of the latest banking crisis, the public's "discovery" of higher rates outside their bank accounts was one such catalyst. As deposits left banks for money market funds, banks were caught off guard. The adoption of mobile banking might have changed banking forever.... Read More
Markets
The Most Uncertain Fed Meeting in a Generation
The Most Uncertain Fed Meeting in a Generation
Posted By Jim Bianco
With only two days to go until the next FOMC meeting, traders are still not sure what to expect from the Fed. Since forward guidance began in 1994, there has not been a meeting with this much uncertainty so close to the meeting.... Read More
Markets
Signs Depositors Are Leaving Regional Banks
Signs Depositors Are Leaving Regional Banks
Posted By Jim Bianco
The $300 billion surge in loans by the Fed to banks, increasing its balance sheet so much it reversed half of all quantitative tightening in the last year, is a worrisome signal that deposit flight from regional banks is in full bloom. If not reversed in the coming days/weeks, it will lead to a credit crunch that will impair the economy.... Read More
Markets
Breaking Down Debt in the U.S.
Breaking Down Debt in the U.S.
A look at outstanding amounts of Treasuries, corporates, agencies, munis and open market paper... Read More
Markets
Comparing the Value of Credit in the U.S. to GDP
Comparing the Value of Credit in the U.S. to GDP
The amount of outstanding private credit in the U.S. experienced a brief decline during the financial crisis, but government debt grew throughout the entire period. Both are now at new highs.... Read More
Markets
Funding Gaps at Public and Private Pensions
Funding Gaps at Public and Private Pensions
Private pension funds have much smaller funding gaps than their government counterparts.... Read More
Markets
Defined Benefit Plans vs. IRAs
Defined Benefit Plans vs. IRAs
Defined benefit plans continue to be replaced by IRAs and defined contribution plans.... Read More
Markets
Comparing Real Estate to GDP and Stock Ownership
Comparing Real Estate to GDP and Stock Ownership
Over the past couple quarters, households' real estate equity actually surpassed stock ownership.... Read More
Markets
Roughly 45% of FDIC Deposits Are Uninsured
Roughly 45% of FDIC Deposits Are Uninsured
Roughly 45% of FDIC deposits in the U.S. are uninsured.... Read More
Markets
Regional Banks Are Not Out of the Woods
Regional Banks Are Not Out of the Woods
Posted By Jim Bianco
First Republic is looking into a potential sale. This brings into question whether other regional banks are still at risk of losing deposits. These banks are critical sources of lending in the U.S., so any sustained loss of deposits would have a material effect on the economy. A hike in deposit rates and further FDIC assurances could help stem the outflows.... Read More
Markets
Some thoughts on what the Fed WILL DO next week.
Some thoughts on what the Fed WILL DO next week.
First see the charts below. This wild gyrating of the probabilities this close to a meeting is without precedent. NO ONE has a road map for this, including the Fed. So, what do they do next week? Let me offer... Read More
Markets
The 2-year is down 44 bps over the last two days…
The 2-year is down 44 bps over the last two days…
The 2-year is down 44 bps over the last two days (since Wednesday’s close). Only five other days in the last 40 years have seen a larger two-day moves. Oct 20, 1987 = the day after the largest stock market crash... Read More