The Bloomberg Commodities Index has returned 23.38% so far in 2021, marking one of the best years on record.... Read More
As might be expected, the regions of the world with higher vaccination rates have managed to keep death counts relatively low despite a surge in infections.... Read More
Colleague: Any thoughts on continuing claims in light of ADP yesterday? Jim Bianco: From WWR WSJ: U.S. Jobless Claims Remain at Elevated Level After Steady Decline Also ADS had a good write-up today: Who Is Ready to Work? The Vaccinated... Read More
ZeroHedge: AMC Foolishness Comes At A Dear Cost Tyler Durden – When a central bank recklessly manipulates interest rates, the process fails. In such circumstances capital tends to gravitate toward speculative investments. The fittest, or those offering the economy the... Read More
Jim Bianco: Why Inflation Is Here To Stay! More Repo Madness, Will Fed Do Yield Curve Control? Ben Breitholtz: Growing list of inflation-inducing stuff coming off the boil (yes, some base effects here too): – supplier delivery times – prices... Read More
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