ANNOUNCEMENTS

Ether-Bitcoin Dynamics and Supply-Side Impact on Gold-Silver Prices By Erik Norland, Senior Economist, CME Group Ether-Bitcoin: Moving in the Same Direction Bitcoin and ether have become more positively correlated. Both fell in 2018, drifted in 2019/2020 before rallying in 2020/2021. Bitcoin supply limited to 21 million coins, ether supply is unlimited. The ratio of ether’s … Read More

Will Stimulus Stoke Inflation? Stocks-Bonds Move in Tandem By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Will $1.9 Trillion Stimulus Be Inflationary? Bond yields began rising even before stimulus was approved. Improved growth, slightly higher inflation possibly priced into bonds. Investors also expected higher Treasuries supply to finance stimulus. Historical core inflation … Read More

Stimulus Plan Could Boost Growth in 2021, Widen Budget Deficit By Blu Putnam, Chief Economist, CME Group The American Rescue Plan US economy could grow by 10% in 2021 with help of stimulus. Growth in Q1, Q2 2021 could be around 10% on annualized basis. Jobs recovery could be less robust as some sectors are … Read More

Bonds Collide with Mortgages and Aging China’s Growth Challenge By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Rising Bond Yields Rising bond yields impact equities, dollar and metals. Yields rose as vaccines, high savings rate boosted growth outlook. Mortgage prepayments by homeowners surged when rates were low. Prepayments led to hedging … Read More

US Jobs Scenario in Three Sectors and Backwardation in Oil By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Pandemic’s Possible Impact on Three Sectors Only 56% percent of jobs lost to pandemic have been recovered. State/local government revenues stressed like during the Great Recession. Innovation has reduced education costs through online … Read More