Bryan Perry
A Crisis of Clarity Rippling Through Regional Banks
The past week of volatility exhibited in the banking sector was epic. It was along the lines of a redux of 2008, when some high-profile mortgage lenders and investment banks dealing in risky practices went bankrupt, filed for Chapter 11 or were acquired for pennies on the dollar. To say the recent events in the […]
Banking Crisis Will Likely Trigger a Fed Pivot
The failure of SVB Financial Group (SIVB) is epic in terms of the size of deposits lost to so many fledging companies, the payrolls it won’t be able to meet, the mismanagement of the balance sheet, the job losses it will likely trigger and the damage to investor sentiment that was evident when the 15th-largest […]
Fight Over Federal Budget Looms Large
What a difference a data point makes. Last Friday’s ISM report came in as forecast on a numerical basis, but underneath the hood revealed further stubborn inflationary pressures at work. But the market gave the benefit of the doubt to the notion that, just maybe, inflation might be starting to flatten. There is a raging […]
The Fed’s 2% Target Rate for Inflation is Not Realistic
Based on the recent string of economic data that includes January employment, Consumer Price Index (CPI), Producer Price Index (PPI), Producer Consumption Expenditures (PCE), weekly initial jobless claims, personal spending and consumer confidence, it appears as if the domestic economy is functioning fairly well. This performance is occurring amid a backdrop of some very stubborn […]
Offsetting Currents Leave Market in Flux as Bond Yields Rise
The investing landscape is about as mixed and garbled as one could imagine, with all the conflicting data showing a lot of fragmentation within several sectors of the economy amid tightening monetary policy, and a stock market that is demonstrating resilience against seemingly mounting odds. The bears point to an inverted yield curve, a hot […]
Traders are Betting the Fed Will Raise the Overnight Rate to 6.0%
By the time this column is emailed out to all my readers, the pivotal Consumer Price Index (CPI) report will have crossed the tape Tuesday morning. It will either confirm the fears in the bond market that inflation is sticky or provide a basis for buyers to resume buying into growth stocks. Friday’s session was […]