Homebuyers enjoyed a relatively affordable market in the decade following the housing crash. The recent rise in prices and mortgage rates put homeownership out of reach for many prospective first-time buyers.... Read More
Given the recent selloff in markets, we update market valuations through the lens of common bubble characteristics. ... Read More
Recessions and crises change behavior. Government stimulus checks mailed during the pandemic told consumers they don't need to save as much. This is driving strong consumption and retail sales, keeping economic growth above potential. Such an economy does not need rate cuts.... Read More
Jim Bianco? is looking for a "sense of stability" in the market ahead of this week's key inflation data. And, following last week's volatile market swings, Bianco weighs in on the state of the yen-carry trade. ... Read More
Money parked in the Federal Reserve's reverse repo facility is shrinking again as money fund managers extend maturity to hold onto 5%+ yield as long as possible. This move is being driven by the belief that the Fed is finally going to start cutting rates, not some ominous sign that the financial system's plumbing is at risk.... Read More
Financial market volatility has spiked in the last few weeks. We argue this has been driven more by financial stress around the Bank of Japan?s surprise rate hike last week than the prospect of the economy sinking into recession.... Read More
Today's topics include has the Yen carry trade been completely unwound?, the odds of another BoJ rate hike, the odds of an emergency Fed rate cut, a soft landing, checking in on sentiment after a rocky week, a lack of liquidity, a historical look at stocks after the VIX spikes, the moral hazard facing central banks, tech valuations, covered call ETFs, searching for neutral, and OPEC's price targets... Read More
Jim Bianco joins Fox Business to discuss Recent Market Volatility, Mixed Economic Signals & Bond Market Liquidity with Charles Payne.... Read More
Monday's selloff in equities and massive bond rally indicated that, after minimal volatility so far in 2024, the interconnectedness of global markets poses upside risks to volatility.... Read More
JP Morgan suggests the speculative carry trade is only half unwound. The exchange rate between the yen and peso is one market to monitor closely.... Read More
Not all sharp moves in financial markets are driven by rapid changes in the economic outlook. Unexpected changes in the financial structure of the markets can also force repricing. The most recent move in the markets has been driven by the Bank of Japan's larger-than-expected hike last week, leading to a subsequent unwind of the yen carry trade.... Read More
As part of this week's Quarterly Refunding Announcement, the TBAC conducted a study on the optimal level of T-bill issuance as a percentage of total Treasury issuance.... Read More
Jim Bianco joins Fox Business to discuss the difference between a Soft and No Landing, various employment data & the current stock market rotation with Charles Payne.... Read More
Jim Bianco joins Fox Business to discuss the difference between a Soft and No Landing, various employment data & the current stock market rotation with Charles Payne.... Read More
Although traders are pricing in near 100% odds of a September rate cut, their predictive ability this far out makes this far from a done deal.... Read More
Markets are roaring ahead as financial conditions are measured as easy. Lowering rates in this environment will only push financial markets to even easier, even to outright bubble conditions.... Read More