BIBL News and Press, Inspire 100 From 04/07/21

The latest Job Openings and Labor Turnover Survey from the BLS shows the total number of job openings in the economy rose to 7.367 million in February, up from 7.099 million in January. The number of open positions in the private sector increased to 6.732 million in February, the high...

In March, the U.S. stock market tolerated the rise in long-term interest rates as long as it was not disorderly or too quick. The 10-year Treasury rate traded all the way up to 1.77% last week, and we may very well surpass that level this week as investors take time to react to strong...

Q1 2021 closed with the Dow leading the major market indexes, up 7.76%, vs. +5.77% for the S&P 500 and a tepid +2.78% for the Nasdaq Composite. Five regional Federal Reserve Banks reported super-strong readings for their five regional economic indexes. ISM manufacturing PMI index ...

On March 25, the Archegos Hedge Fund asked firms handling its capital swaps to develop a strategy to liquidate its holdings, which is why many Chinese ADRs and media stocks sold off violently. The Archegos Hedge Fund fiasco is due largely to the fact that many big Wall Street firms di...

Covid-19 trashed profitability in the second quarter last year. April 1 kicks off a new period that, for many U.S. companies, will look stellar by comparison. Activity is already bouncing back, including in some of the areas hit hardest by the pandemic. Revenue of S&P 500 Inde...

Under normal circumstances, the economy is relatively close to its steady-state glide path, and the fixed-income market is quite reasonably jittery with respect to the latest growth rates. The reality is that current conditions are nowhere near normal. At the beginning of the last cyc...

Last Friday's March 2021 payroll report exceeded expectations in nearly every category. Analysts were hoping for something like the ADP's private employment gains (+517k), somewhere in the ballpark of 550,000-600,000. Instead, the BLS thinks the whole economy had added between 803,700...

During the Pandemic, discretionary services such as travel and entertainment have been hard hit, and consumer spending on services in February was still down 5.2% from a year ago. But the services sector is enormous, ranging from healthcare to tech, and demand has been strong in many ...

The BLS reported Friday that the US added nearly 1,000,000 jobs in March, a number well above the supposed consensus of 675,000 jobs. It was what the market has been looking for - the arrival of the end-of-the-virus-boom. However, even a booming jobs report that showed job growth acro...

Archegos provides yet another anecdote that the expansive global derivatives marketplace is at the epicenter of leverage and speculative excess. From numerous reports, it appears Archegos had fund equity of around $10 billion. Positions have been estimated in the range of $50 billion ...