BIBL News and Press, Inspire 100 From 02/15/21

Currently, we are at a P/E of 31 on the S&P 500. The last time that we saw valuations this stretched was in early 2000. With interest rates so low and policy so accommodative, we will see investors chasing things higher for longer. For further details see: An Era Of ...

Investors are growing increasingly hopeful about the economic outlook and next week's PMIs will tell us whether businesses share their optimism. Central bank minutes will also provide more insight into whether policy makers are encouraged and what it means for monetary policy. Opt...

Central banking traditionally operated as a judicious and conservative institution, with an overarching mandate focused on promoting monetary and financial stability. The world is now in the throes of history's greatest experiment in central bank doctrine and operations. The probl...

It has now been nearly 25 years since the term "irrational exuberance" permanently entered our financial vocabulary. But recent developments bring the phrase to mind with new relevance. However, if we look past these recent aberrations, we may find evidence to justify at least some se...

Why market valuations are still reasonable. What reopening stocks are poised to rebound. Will 2020 pandemic winners be laggards in 2021? For further details see: High-Flying Markets: How High Can They Go?

Risk assets have compressed in yield against Treasuries, so that any meaningful yield of anything has gotten wrung out of the markets. For the first time ever, yields in the High Yield markets are now less than 4.00%. In other words, you are getting paid about nothing for credit risk....

Money supply growth has soared in the last year, but that doesn't mean the trillions of dollars dumped onto consumers was used for consumption. Just like in short-term UBI experiments, the stimulus checks largely didn't alter people's spending habits but rather bolstered their savings...

Year over year, the value of goods traded between the U.S. and China surged in December 2020. The level of the combined value of traded goods between the U.S. and China rose by $14 billion in December 2020 year over year. The growth rate of China's imports from the U.S. has been p...

With the advent of a series of successful vaccines, global markets can almost afford to be oblivious to virus headlines and instead focus on the medium term when economies have reopened. But, against this backdrop, a big question for investors must be: how quickly can populations be vacci...

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...