BIBL News and Press, Inspire 100 From 05/07/21

Because absolute valuations are high by historical standards, stocks are generally vulnerable to multiple compression should there be even a hint of unchecked margin pressure, let alone earnings disappointments. Even a modest rate of inflation could have a substantial negative impact ...

Unprecedented stimulus has lifted US economic activity to within touching distance of its pre-pandemic levels. President Biden isn't finished with more money on its way to complement a private sector reopening spending splurge. The result is likely to be an economy that is larger ...

The threat of new trade wars is smaller, but tension hasn’t let up between the US, EU and China. Exporters continue to face higher costs and uncertainty that could weigh on trade growth after this year’s boost from economies opening up. The trade war shocks to the US...

The Institute for Supply Management's composite services index posted a reading of 62.7 in April, dropping 1.0 points from the record high 63.7 in the prior month. Among the key components of the services index, the business-activity index pulled back to 62.7 in April, down from 69.4 ...

The most recent outlook highlights a number of factors that may contribute to a challenging investment environment ahead. Three key takeaways from our cyclical outlook and what can we expect looking forward for 2021. Fed tapering of the bond purchases is on the horizon probably st...

A full "V" recovery has occurred when measured in GDP terms. However, the GDP rebound does not reflect sustainable progress. Due to the way that GDP is calculated, a dollar of counterproductive spending is the same as a dollar of productive spending. Over the past 12 months, there...

Earnings have been good, but the reaction has not been what I would call benign. I think we are headed into another interest rate-driven rotation in the stock market, similar to what we saw in March. The key to whether it works out the same way - a fast shakeout and ultimately a n...

This is the kind of headline that makes a contrarian want to hit the exits - when everybody's in, who will be left to buy? The stats and interview commentary that accompany this headline from a prominent financial daily are pretty scary too given a lack of historical perspective. ...

In 2020, Tesla received $1.58 billion in EV tax credits, but only made $721 million total, so the company actually lost $859 million from making EVs! Clearly, that trend is persisting in the first quarter of 2021. However, Tesla is becoming increasingly efficient, so the focus is now ...

We see near-term volatility in inflation as the economic restart progresses, and believe markets underappreciate potential for medium-term price pressures. U.S. stocks hit record highs supported by strong corporate earnings. The Federal Reserve reiterated its intent to "stay behind th...