BIBL News and Press, Inspire 100 From 02/10/21

The pandemic has sped up structural trends that are benefiting sectors such as technology and healthcare - and we believe these trends are not fully priced in. Rising inflation expectations have driven up U.S. 10-year Treasury yields but to a lesser degree than in the past, in line wi...

Bank of England instructs lenders to prepare for potential below-zero rates. Markets react to U.S. fiscal stimulus prospects, January jobs report. Is the U.S. in another housing bubble? For further details see: Are Negative Interest Rates Coming To The U.K.?

The recent action in stocks such as GameStop, AMC Theatres and BlackBerry, among others, may look crazy to those of us in the more sober, calm and unhurried end of the capital markets; but in fact it does not affect us at all because we are indeed playing a different game. Financial s...

Biden's priorities: Hit the ground sprinting. Consumers just want to have fun: Flush with cash. No need to worry, the Fed will pick up the tab. For further details see: Epoch Investment Partners Co-CIO On Capital Markets Outlook For 2021

The global economy is likely to rebound strongly in 2021, with potentially the strongest global GDP growth in more than a decade. The vaccine rollout will allow us to reopen economies in the course of this year, which bodes very well for growth, particularly in the second half of the ...

If we are to measure it by way of margin debt, then what we are witnessing is a level of speculation that dwarfs anything seen in modern times. Not only is the overall level of margin debt hitting new highs, the 9-month increase in the total amount of margin debt also just soared to a...

The S&P 500 Index ended marginally lower in January, putting the January Barometer into play. However, the January barometer is not bulletproof. In theory, 2021 should be an up year for stocks as the economy recovers and the pandemic winds down in the latter part of 2021. The risk...

It looks like the U.S. economy (GDP) shrank by 3.5% in 2020, its worst showing since 1946. The good news is that all the bad news came in one quarter (the second). The third quarter erupted into 33.4% annual growth and the fourth quarter grew at a 4% rate, for an annualized +19% secon...

As we talk to investors, the number one question is "Are we in a bubble?" We understand the sentiment, particularly as stock prices march higher despite the frustrating persistence of the virus. Despite recent price weakness in certain sectors (e.g., Banks), we are encouraged by the l...

In case you haven't noticed, GameStop and a few similar stocks are in a classic bubble. This sort of thing has happened over and over again through history, most recently in the late 1990s. These stories show a definite market pathology. The rules of the game produce what sure loo...