BIBL News and Press, Inspire 100 From 12/07/20

The coronavirus is likely to accelerate throughout the holidays, with activity restrictions likely to tamp down growth - even without another round of broad national lockdowns. At the very least, slow growth and low inflation are likely for the next several months. The Fed will keep m...

There is no longer any correlation between bank reserves and the economy-wide money supply. In the US, the government-Fed combination can increase the money supply to almost any extent independently of the private banks. That is, monetary inflation does not rely on the expansion of cr...

The S&P 500 Index closed at an all-time high on Friday, December 6, bringing its year-to-date return to 14.5% on a price-only basis. Clearly, the basket of FAANG+M stocks, or mega-caps, were an early driver of the market's advance, but now a broader set of equities is participatin...

Are markets too bullish on vaccine hopes? The risk of a double-dip economy. 2021 headwinds for the U.S. economy. For further details see: Markets Rise On Vaccine Hopes. Is It Enough To Keep The Economy Growing?

The problem is that the stimulus does not create organic, sustainable economic activity. Stimulus only pulls forward future activity into the present, leaving a future void to fill. Currently, the market is extremely "one-sided" as investors chase markets. It is at these points in...

November non-farm payrolls gained 245,000, only about half the mean forecast - and down from October's 610,000. It was the weakest job growth since April's employment debacle. U.S. equities rallied on the disappointing news. Bad news has never been more positively received by the stoc...

Wall Street's rally is a reflection of a weakening U.S. dollar. Investors are using equities to hedge against coming inflation. The bull market may sputter next year if dollar weakness persists. For further details see: Equities Are Now A Weak Dollar Play

Who would have thought that we would be talking about the potential for an overheating economy at this juncture? Investors have been caught on the wrong foot, holding record levels of cash and bonds while being underweight inequities. We expect record operating margins, profits, and c...

Broad US equities continued their momentum from Q2 following the dramatic COVID-19-driven decline earlier in the year. The S&P 500 rose 9% in Q3 after a 20% rise in Q2. Value-oriented stocks underperformed the broader market on concerns about economic fragility, the expiration of ...

The Institute for Supply Management's composite services index posted a reading of 55.9 in November, dropping 0.7 points from 56.6 in the prior month. Despite the second small decline in a row, the November results remain solidly above neutral. The report suggests that the service...