BIBL News and Press, Inspire 100 From 05/13/21

Our Consumer Price Index may show some inflation, but the Treasury markets certainly do not reflect it. We have had a casino mentality in the equity markets for some time now, but rolling the dice and spinning the wheel have consequences - and they are beginning to show up. The eq...

It would appear that we have hit the bottom of the range on the 10-year Treasury yields and are getting ready to move back to the top of the recent range for yields, which is now 1.77%. I think Treasury yields will rise this week with resulting implications for the stock market, which...

Long-term investors have nothing to fear. Nearly every major downturn has been followed by an opposite but equal upturn. Huge crashes always precede huge recoveries - and something just like that happened all over again in the last 13 months. The stock market went down way too fast fr...

Treasury Secretary Yellen is sticking to the Fed’s prediction that inflation will be “transitory.”. Wednesday’s ADP report created giddy expectations of one million or more total jobs created in April, counting all sectors, but the Labor Department reported...

Markets are still grappling with the Federal Reserve's new framework, leading to a disconnect between market pricing and the Fed’s projections for rates. U.S. job growth unexpectedly slowed in April. We believe near-term activity data will unlikely affect the Fed’s polic...

Leaping to the wrong conclusion is a daily event in the stock market. Friday's jobs report provided a quintessential example. A retreat to the Covid-19 playbook provides a comedy of errors ending in new all-time highs for both the Dow Jones Industrials and S&P 500, with the Na...

This article looks at 150 years of inflation data from multiple countries, to find correlations and causes. An assessment of whether CPI is accurate, and where it may be off. How different asset classes perform in inflationary/deflationary environments. For further details s...

A big GDP number, rebounding consumer confidence and the first signs of an uptick in inflation - all pointing to a recovery - had some economists positive ahead of the monthly jobs report published by the Bureau of Labor Statistics on Friday morning. However, the actual number of payr...

The market has pressed to new all-time highs, and in the near term there is little to dampen optimism - the economy continues to strengthen, bolstered by monetary and fiscal stimulus, improving corporate investment and strong retail consumption. If anything has weighed on investors in...

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 ...