TEK2day Premium Edition

TEK2day Premium Edition

TEK2day will soon move to a premium model. We are working through the mechanics. Pricing options will be $9.99 per month or $99.00 per year. Our content will remain similar - a combination of Technology-focused articles along with Capital Markets and Economic-related content. More to follow. -Jon

Disney’s New CFO Is an M&A Guy

Disney’s New CFO Is an M&A Guy

Disney (ticker: DIS) CEO Bob Iger will sell the company before he walks away. Iger will not appoint another successor after his 2020 appointment of Bob Chapek as CEO failed. Today, PepsiCo (ticker: PEP) CFO Hugh Johnston was named Disney CFO (read more HERE). View Mr. Johnston's experience HERE. My view is that Disney will … Continue reading Disney’s New CFO Is an M&A Guy

Powell’s Attempt To Talk Down Inflation Will Fail

Powell’s Attempt To Talk Down Inflation Will Fail

Powell may be forced to lower rates while inflation remains elevated. Price inflation as measured by CPI won't get down to the Fed's 2% target without unemployment rising if history tells us anything (See below chart: Unemployment Rate = Red, CPI = Green). Source: click here to enlarge chart. Core CPI will likely remain above … Continue reading Powell’s Attempt To Talk Down Inflation Will Fail

Don’t Get Too Comfortable With The Pullback In the 10-Year Treasury Yield. It Is Going Higher.

Don’t Get Too Comfortable With The Pullback In the 10-Year Treasury Yield. It Is Going Higher.

10-year Treasury yields dropped last week from 4.93% on Halloween to 4.58% today as Treasury slowed its pace of new issues and as jobs data was revised downward. However, at some point Treasury is going to rollover a bunch of short-term debt to finance Government operations (as well as longer maturity issues that are due … Continue reading Don’t Get Too Comfortable With The Pullback In the 10-Year Treasury Yield. It Is Going Higher.

Weekly Update: Bank Term Funding Program

Weekly Update: Bank Term Funding Program

This week's BTFP activity was muted. The Bank Term Funding Program (BTFP, bail out/QE) had approximately $109.1 billion in outstanding loans as of Wednesday this week, flat with $109.1 billion a week ago. The “other credit extensions” line item of $46.8 billion includes the FDIC loans made to regional banks. This figure is down from $48.3 billion … Continue reading Weekly Update: Bank Term Funding Program

The Fed’s Balance Sheet Reduction (QT) Update

The Fed’s Balance Sheet Reduction (QT) Update

The Fed is likely done hiking its Fed Funds rate. However, the Fed ramped up its QT effort, purging its Balance Sheet of $40 billion of Treasuries this week, the most since it reduced its Treasury holdings by $43 billion the week-ended August 16th 2023. Treasuries: The Fed’s Treasury security holdings declined by $40.0 billion for … Continue reading The Fed’s Balance Sheet Reduction (QT) Update