BIBL News and Press, Inspire 100 From 01/25/21

When it comes to asset prices, it seems everyone agrees that we have entered bubble territory. The question is, when does the bubble burst? While prices are high and rising with speculation rampant, I don't see the conditions available for it to burst at this time. I do expect a n...

On Wednesday, the market surged as Joe Biden got sworn in as the 46th President of the United States. Interestingly, it was a rotation from the reflation trade back into the "Old Guard" of the FANG stocks that led the way. The reality is that both a rise in the dollar, with higher yie...

With Treasuries blowing right through the 100% of GDP milepost - and likely poised to reach 125% within the next year or two - there's no time like the present to recognize our nation is in serious fiscal trouble. The pandemic is not close to my greatest worry. These days I have great...

Two factors that make the U.S. federal debt more sustainable in the short-term. Are U.S. corporate tax increases possible this year? Is Europe at risk of another recession? For further details see: Is The Ballooning U.S. Government Debt Sustainable?

Sales of existing homes rose 0.7 percent in December, hitting a 6.76 million seasonally adjusted annual rate, the fourth consecutive month above the 6 million mark and the second-highest pace since March 2006. Total inventory of existing homes for sale fell 16.4 percent to 1.07 millio...

To understand why the "savings rate" is not what it appears to be, you must understand its underlying construction. Since the top income earners have more than enough income to maintain their living standards, the balance falls into savings. This disparity in incomes also generates a ...

2021: A bumpy road to recovery. Early cycle conditions supportive of risk assets. Opportunities from earnings expansion in 2021 and 2022. For further details see: 2021: A New Year, New U.S. President, New Optimism For Markets

Last week, the 10-year Treasury bond yield continued to rise, as last Tuesday's bond auction had a lackluster bid-to-cover ratio of 2.47. This means that the Fed is going to have to do more quantitative easing or the federal government is going to have to curtail its spending. The Fed...

A bipolar U.S.-China world order is at the center of the rewiring of globalization. We believe investors need exposures to both poles of global growth. U.S. stocks eased from record highs. President-elect Joe Biden introduced a $1.9-trillion spending plan. Markets will focus on tw...

The state of the stock market, bond market and interest rates. Relative Strength investing and investing in the " playoff teams". Post-election year seasonality and what to pay attention to in 2021. For further details see: 2021 Market Outlook - The Fed, Stimulus, Season...