“No Decision” from Fed, Commodities Still on the Rise, and Will China’s Crackdowns Affect U.S. Credit?
After Wednesday’s Fed meeting, Fed Chairman Powell says the U.S. economy is still a good deal away from making “substantial further progress”. Investors are waiting for a characterization of the...
Supply Chain Bottlenecks Persist, New Home Sales Miss Expectations, and Europe’s Yield Curve Moves into the Negative
Although this past year has been about getting back to normal, history shows that this uninterrupted bull market still stands out as tech mega-caps come storming back. New home sales missed...
VIDEO: BCM’s 2Q21 Quarterly Market Update Call with the PM
Economic "normalization" continued as the effects of the reopenings were seen in Q2. The U.S. is growing faster than most other developed nations, at higher than expected rates prior to Covid, but is this just a reopening upswing that will fizzle out?
Transitory Inflation Called into Question, Bond Market Could Be Harbinger, and China’s Debt Bubble
More inflation data continues to roll in both here and abroad, and there is no sign yet of it backing off despite Fed Chairman Powell’s claims. Looking at the debt situation (which includes CPI...
Powell’s Words Calm Markets, Manufacturing Surveys are Mixed, and Covid Cases are on the Rise Across the Globe
Fed Chairman Jerome Powell spoke before a House panel yesterday where he noted the increase in inflation but remains confident that it will back off as the economy returns to normal. It seems his...
Inflation Mirroring History, Fed May be Forced to Act, and Equities Stand Strong…For Now
The CPI is now well above the pre-Covid trend, leading the Boomer generation to draw parallels to the 1970’s. Yet, barring extreme competition or a collapse, the Fed continues its transitory thinking...