Tag Archives: Markets
Updating Valuations as the Fed Cuts Rates
Posted By Alex Malitas
As the Fed begins its rate-cutting cycle, we check in on stock market valuations.... Read More
Monthly Fund Flows – Shooting Down the Idea of “Dry Powder” in Money Markets
Posted By Greg Blaha
Assets in money market funds recently rose to $6.4 trillion. Do not expect this cash to be deployed in risk assets anytime soon.... Read More
Bianco Research Conference Call Replay & Notes: Conflicting Market and Economic Signals
The Fed started cutting rates under the impression they have a clear vision of where the economy is and where it is going. Conflicting data makes the risk of a policy mistake high. Stimulating an economy that might not need it could create more inflation and upset the bond market.... Read More
What If Rates Return to Yield Curve Averages?
Posted By Jim Bianco
If the Fed cuts rates near 3%, historical yield curve spreads imply a 2-year yield near 3.60%, its current level. 10-year yields would project near 4.60%, 80 basis points higher than their current level.... Read More
Jim Bianco joins the Schwab Network to explain why LEI are failing to predict the post-Covid economy
The Index of Leading Economic Indicators? failure to predict the post-Covid economy should be a reminder that this is no longer the pre-Covid economy. Assuming the economy ?normalizes? to the pre-Covid economy risks policy mistakes.... Read More
All Models Are Wrong, Some Are Useful
Posted By Jim Bianco
The Index of Leading Economic Indicators' failure to predict the post-Covid economy should be a reminder that this is no longer the pre-Covid economy. Assuming the economy "normalizes" to the pre-Covid economy risks policy mistakes.... Read More
Breaking Down Debt in the U.S.
A look at outstanding amounts of Treasuries, corporates, agencies, munis and open market paper... Read More
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.... Read More
Funding Gaps at Public and Private Pensions
Private pension funds typically have much smaller funding gaps than their government counterparts.... Read More
Defined Benefit Plans vs. IRAs
Defined benefit plans continue to be replaced by IRAs and defined contribution plans.... Read More
Comparing Real Estate to GDP and Stock Ownership
Over the past couple decades, households' real estate equity and direct stock ownership have moved in lockstep.... Read More
40% of FDIC Deposits Are Uninsured
Roughly 40% of FDIC deposits in the U.S. are uninsured.... Read More
Why Is the Fed Cutting 50?
Posted By Jim Bianco
A 25 or 50 basis point cut does not matter in and of itself. But it will be taken as a signal of how far above the neutral rate the Fed thinks they are.... Read More
Jim Bianco joins Fox Business to discuss Wednesday’s FOMC Meeting and Fed Policy
Jim Bianco joins Fox Business to discuss Wednesday's FOMC Meeting and Fed Policy with Charles Payne.... Read More
Rising Rates & the Government’s Debt Burden
Posted By Greg Blaha
For the last few decades the U.S. has been in a low interest rate environment where deficit spending would not cause major issues. A 40-year high in inflation and the higher rates that followed are stressing the country's finances.... Read More
Liquidity Measures Worth Watching
Posted By Greg Blaha
Several liquidity charts worth watching as the Fed's reverse repo facility continues to be drained... Read More