The Compound and Friends The Degen Dow, Trump’s Shadow Fed Chair With Jim Bianco, RIP Art Cashin
22 snips
Dec 3, 2024 
Jim Bianco, President and Macro Strategist at Bianco Research, shares his expertise on the evolving bond market and the potential for Bitcoin to soar to $13 million. He dives into the political dynamics affecting the Federal Reserve, particularly regarding key figures like Judy Shelton and Kevin Warsh. Bianco also discusses the intriguing rise of high-risk 'degen' trading, the DGEN DAO, and how meme stocks are shaping retail investor behavior. Lastly, he reflects on the impact of Art Cashin's legacy within the financial community.
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Market Excitement and Interest Rate Offset
- Current market excitement for Trump's policies and the economy is likely appropriate.
- However, rising interest rates could offset positive performance in risk assets.
Bond Yields and Stock Market Attention
- A 10-year note yield around 4.25% to 4.5% could shift attention back to bonds.
- At this level, bonds offer a comparable risk-adjusted return to overvalued stocks.
Bond Portfolio Strategy
- Underweight credit and duration risk in your bond portfolio.
- Overweight mortgages, international dollar-based bonds, and inflation-protected securities.