Talking Data

Streamed live on Feb 16, 2024

In this episode with macro strategists Danielle DiMartino Booth and Jim Bianco we discuss:

Jim Bianco joins Fox Business to discuss Supercore Inflation, Consumer Spending & Gas Prices with Charles Payne.

Jim Bianco joins CNBC Last Call to discuss Passive vs Active Investing with Brian Sullivan.

Wall Street is betting on the Fed cutting rates as well as lower borrowing costs across the credit spectrum. Jim Puplava sits down with Jim Bianco at Bianco Research to discuss how things may turn out differently than what Wall Street expects given what we see with the bond market, housing prices, and continued consumer spending.

Daniela Cambone speaks with Jim Bianco, founder and president of Bianco Research, to discuss the recent rise in Treasury yields, its impact on the economy, the state of the banking system, and the real estate market. Bianco explains that the rise in Treasury yields indicates a rejection of previous lows, setting up a base for higher yields. "It means that the economy is doing OK," he continues. However, he points out that inflation becomes a concern as the Fed may not cut rates until the summer. Additionally, Bianco states that systematic risk within the U.S. banking sector cannot be ruled out, as many smaller banks engaged in commercial real estate lending have been negatively impacted by the discounted value of office buildings. “What is an office worth today when people only go there three days a week? And the answer is we don't quite know, but we do know it's not what it was worth in 2019.” He also explains the reasons behind the current real estate recession and suggests strategies for protecting wealth in this uncertain environment. Watch the video to learn more about his insights.

Timestamps:

0:00 10-year yield and the Fed

Jim Bianco joins Fox Business to discuss the "No Landing" Outlook, Rate Cuts in 24, Food Inflation with Charles Payne.

Unlock the secrets of the Fed's influence over the markets as we sit down with Jim Bianco, the respected mind behind Bianco Research, who's here to deconstruct the perplexing relationship between Federal Reserve policy and market behavior. Our conversation bridges the gap between the pandemic's economic upheaval and the resulting new norms in work culture, real estate, and the bond market's response to inflationary pressures and rate shifts. Jim's insights on the Bianco Total Return Index and its ETF, WCBN, shine a light on investment strategies that cater to the informed investor, eager to navigate the currents of economic indicators with a seasoned captain at the helm.As we traverse the financial terrain, the topic of wealth distribution and economic assistance takes center stage. Jim artfully dissects the curious case of robust corporate bond issuance amid lackluster performance in some stock sectors, emphasizing the stark disparity in asset ownership and debt across income levels. This segment of our discussion isn't just an analysis; it's a call to contemplate the intricate forces shaping market liquidity and consumer choices. Prepare to be engrossed by our examination of credit spreads, the spending habits of diverse economic strata, and the interplay between consumer behavior and inflation.The final stretch of our journey with Jim Bianco casts a spotlight on how technology and international policy shifts are redefining investment strategies. From the potential global impact of Japan's monetary policy to the prospective role of AI in finance, we tackle the pivotal questions facing today's investors. Whether you're adjusting your approach to yield management in fixed income investments or timing the launch of new ETFs, Jim's foresight offers a roadmap for the prudent investor navigating an ever-evolving fiscal landscape. Tune in and equip yourself with the acumen to thrive in the complex world of finance.

Welcome to the latest edition of Talking Data. Our Talking Data series seeks to offer timely insights into macro market themes along with macro data and its impact on the economy and markets.

I am your host Kristen Radosh of Arbor Research and Trading. Our commentator is Jim Bianco of Bianco Research.

Today Jim discusses the resurgence of goods inflation.

· What’s the latest with shipping?

· How is this impacting prices?

· When do things return to normal?

Thank you for joining us today. We are client driven, if you have any questions or feedback on future topics, please let us know.

For further information on Arbor Research, Bianco Research and Arbor Data Science, please contact Gus Handler at [email protected].

DoubleLine's 2024 Round Table Prime was hosted in front of a live audience for the first time. After panelists presented their best ideas for 2024, the audience Q&A sparked candid debate ranging from commercial real estate, geopolitics, elections, corporate debt and budget negotiations.