Jim Bianco
@biancoresearch
Macro investment research at http://www.biancoresearch.com Our total return index is at http://www.biancoadvisors.com The ETF WTBN tracks our Index. biancoresearch.eth
Mid-year update We review the performance of the Bianco Research Total Return Index and the ETF that tracks it, the WisdomTree Bianco Fund (WTBN). Also, the fair value of bonds and why Trump's demand that the Fed cut rates can lead to higher LT yields. biancoadvisors.com/2025-mid-year-…
Trump has a field trip scheduled this week. * WHITE HOUSE VISIT TO FED HQ PLANNED FOR THURSDAY: OFFICIAL
Consider that Powell could stay on as Governor after his term as Chairman ends in May 2026, as his term as Governor does not end until January 2028. He would be "blocking" Trump from getting another opportunity to nominate someone dedicated to cutting rates until early 2028. Fed…
Donald Trump’s appointment of Jerome Powell to the Federal Reserve “was probably a mistake,” says the economist Stephen Moore. “But I don't think Trump is going to replace Powell. I think he'll wait him out. He may name his successor sometime in the next month or two or three,…
Goldman: "Market participants seem to agree that the risk to Fed independence is rising, as 5-year 5-year forward inflation swaps have recently decoupled higher from their prior close relationship with the 2-year note yield."
Household and daily items leading the way. Is this stuff imported and subject to tariffs?
What's driving inflation up? The Household & Daily Items category rose 3.83% in the last 12 months. This is the largest increase among the 12 categories, followed by Food & Beverages. Have you felt these price increases in your daily life? Visit our website and check the data…
Jeffrey Sherman, deputy chief investment officer at DoubleLine, says the US Federal Reserve Chair Jerome Powell shouldn't cut rates today bloom.bg/4nZB6Ql
The "Shadow Fed" is designed to make Powell a lame duck and irrelevant. So, pay attention to the person coming next; they matter more. That is why I expect Trump to name his Fed nominee in the next few months (even though they do not take over until May 2026). And if the…
DoubleLine’s Jeffrey Sherman is among investors backing a bond trade that’s emerged as a go-to way to hedge against the risk that Donald Trump moves to fire the Federal Reserve chair bloomberg.com/news/articles/…
.@SecScottBessent: "What we need to do is examine the entire Federal Reserve institution and whether they have been successful... All of these Ph.D.s over there, I don't know what they do... This is like Universal Basic Income for academic economists."
The last time the S&P 500 closed at an all-time high was 1 trading day ago ... the last time the Russell 2000 closed at an all-time high was 925 trading days ago. Longest streak on record where the Russell 2000 has not joined the S&P 500 in seeing a record high.
The president issued a response. “People don’t explain to me, I explain to them!”
Buyers from China were the largest group of foreign purchasers of U.S. homes at 15% in 2025.
The Flows "Retail Investors" running double the impact they had prior to the pandemic
“What I believe is going to happen” in the jostling to replace Jerome Powell as Fed chair, says @MarkHalperin — now that Trump isn’t expected to fire Powell, who appears “dug in” — “is that there's going to be a long period here. Expect other names to come up because because it's…
Coldplay in Madison, WI last night This was the first concert in Camp Randall in 25 years (the University's football stadium) Why? I was told this by a reliable source (ok, my brother-in-law, who is a Badger Season ticket holder). They did it to raise more NIL money. Welcome…
Chris Martin of Coldplay in Madison, WI last night When they got to the “kiss cam” part, Martin said: “Ok, we’re going to turn the camera on now. Please prepare yourself for the possibility you might be on the big screen.” Then they proceeded to show nothing but dudes in silly…
Trump is right: Jerome Powell has got to go insurancenewsnet.com/oarticle/trump…
Suggests the reason Trump is not about to fire Powell is they are not satisfied with the 4 names being floated. Specially: Bessent is best to stay at Treasury Bessent arguing not to pick Hassett Waller and Warsh have not made a case yet to get the job. New names coming?
“What I believe is going to happen” in the jostling to replace Jerome Powell as Fed chair, says @MarkHalperin — now that Trump isn’t expected to fire Powell, who appears “dug in” — “is that there's going to be a long period here. Expect other names to come up because because it's…
Governor Chris Waller Speech Thursday night was titled “The Case For Cutting Rates.” Among the reason he laid for why he will dissent at the July 30 FOMC meeting for a rate cut is this passage. —- But other data support the idea of a slowdown in hiring. There are widespread…
NEW: There’s been a lot of discussion lately about rising graduate unemployment. I dug a little closer and a striking story emerged: Unemployment is climbing among young graduate *men*, but college-educated young women are generally doing okay.