BIBL News and Press, Inspire 100 From 06/02/21

Trading by calendar rules - or any other form of market timing - tends to be a loser’s game. The month of May has historically been flat for stocks, and this May was no exception. The S&P 500 rose just 0.47% this May. Although the Dow rose 1.93%, Nasdaq fell -1.53%, so May ...

The major asset classes delivered across-the-board gains for a second month in a row in May. Everything apart from cash was up last month, led by a sizzling rally in foreign inflation-linked government bonds. The FTSE Russell World Inflation Index ex-US surged 4.0% last month, the...

The Fed has not changed its messaging since the pandemic hit. But the GDP is at 10%, and inflation's latest data annualized is also at 10%. Uh, you think it's time for a change? The repo market may force the Fed's hand. The Fed has lost control with the huge demand to borrow from ...

New orders for durable goods fell in April, decreasing 1.3 percent, following a run of 11 consecutive gains. Total durable goods orders are up 32.2 percent from a year ago. New orders for nondefense capital goods excluding aircraft or core capital goods, a proxy for business equipment...

After Britain rejected Yellen’s call for a 21% minimum tax rate, the Treasury Department on Thursday officially proposed a radically lower global minimum corporate tax of 15%. Last week was a big week for housing statistics. Availability is tight, so the volume of sales is decl...

The market focus is on the restart and inflation - and less on geopolitical risks - yet, it’s worth watching specific risks, as flareups could catch investors off guard. Inflation expectations eased on lower oil and commodity prices. We expect volatile near-term data amid pent-...

The Fed can't taper Quantitative Easing (QE) without really hurting the market. Tapering of QE will signal a shift by the Fed to tighter monetary policy. Tapering will signal the end an era of Fed ease and the onset of higher inflation and interest rates, the market’s event...

President Biden has proposed a physical infrastructure plan and a social infrastructure plan. Party leaders are talking to see if they can reach a bipartisan physical infrastructure deal. While President Biden proposed $2.25T of spending, we expect that any deal that passes will be sm...

Bitcoin has had two bear markets since mid-April. There was a 27% decline followed by a 27% rally, followed by last week’s rout. From its intraday peak in April to its intraday low last week, bitcoin fell over 53%. Is that the end of the sell-off? Doubts about the post-virus bo...

Jobless claims continue to trend lower as firms look to both hire and retain the staff they currently have. Virtually all business surveys suggest companies want to hire, but are struggling to do so. The lack of supply of workers is increasingly becoming a strain on the recovery story...