Americas CIO - David Bianco archive

David Bianco, through his Americas CIO View, offers a unique interpretation of market data and a fresh perspective on developments impacting economies, markets and investor sentiment. David’s candor and thought-provoking research could provide new and valuable insights to help you craft strategies with confidence.

Stay informed – check out the latest webinar replays and investment insights below.

Listen on demand – webinar replays

Market Insights with David Bianco

October 17, 2024

Market Insights with David Bianco

September 05, 2024

Market Insights with David Bianco

August 01, 2024

Market Insights with David Bianco

July 02, 2024

Market Insights with David Bianco

June 06, 2024

Market Insights with David Bianco

May 02, 2024

Market Insights with David Bianco

April 04, 2024

Market Essentials - chart presentation: September-October 2024

S&P 500 earnings season results tracker

Download presentation

Date	Individual investor	Registered professional
November 12, 2024 Trump returns: Priorities are growth and winning
October 17, 2024 Last days to price best of all possibilities: Tough decisions after the elections
September 09, 2024 Clear for landing: Coming in steep, adjusting monetary and fiscal thrusters
July 01, 2024 U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
June 17, 2024 The AI speed train accelerates: Look far ahead, watch your speed
June 06, 2024 Summer portfolio: Strong sun with fading liquidity, apply sunscreen
May 14, 2024 Surging AI capex: Macro implications of its size and return on investment?
Mar 18, 2024 New S&P 500 target of 5300: A.I. lives and it needs food and shelter
Feb 23, 2024 The end of macro?: Some companies are so big they are the macro
Jan 16, 2024 Equity wealth and inflation: What would Milton Friedman say?
Dec 14, 2023 2024 Outlook: Long live this faint cycle or bumps toward a new one?
Oct 30, 2023 Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
Oct 04, 2023 What interest rate will bring fiscal discipline to Washington?
Sep 19, 2023 Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
Aug 16, 2023 Exploring other schools of thought: All schools out for summer?
Jul 25, 2023 Growth at any price?: Tech investors pay 1999 growth premiums again
Jun 16, 2023 Capex: A corporate confidence signal
Jun 02, 2023 Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks
May 30, 2023 No ceiling, no landing: 3-5% inflation cruising altitude
May 15, 2023 Surviving tribulations of beta management: Be patient and busy elsewhere
Apr 24, 2023 Companies are preparing for a recession: How about you?
Mar 29, 2023 Washer set to deep clean: Beware alternating rotations, drain could reopen
Mar 22, 2023 Getting Past the Panic: Mend capital availability, then capital costs
Mar 15, 2023 Further tightening required: Fed Funds rate exceeding 5% raises many risks
Feb 21, 2023 Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
Jan 30, 2023 Super profits of 2021-2022: New norms or exceptional circumstances?
Jan 23, 2023 A long year ahead and opportunity cash now pays interest: Be patient!
Dec 12, 2022 2023 Outlook: It hinges on how inflation comes down and peace is found
Nov 15, 2022 The illusions and confusions of inflation: It’s dangerous to let them linger
Nov 02, 2022 This is scary: Slowing rate hikes risks a higher terminal rate or worse
Oct 12, 2022 Real yields rise into pre financial crisis range; must recalculate fair PEs
Sep 27, 2022 PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
Sep 06, 2022 Capex as long-term prospects signal: Boom at digital, not physical industries
Aug 24, 2022 Further Fed tightening and small recession ahead limit equity upside
Jul 19, 2022 Fed is taking elevator up, S&P EPS will take stairs down
Jul 04, 2022 The pre pandemic rollback: Where justified, overdone or more to go

Date	Individual investor	Registered professional
November 12, 2024 Trump returns: Priorities are growth and winning
October 17, 2024 Last days to price best of all possibilities: Tough decisions after the elections
September 09, 2024 Clear for landing: Coming in steep, adjusting monetary and fiscal thrusters
July 01, 2024 U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
June 17, 2024 The AI speed train accelerates: Look far ahead, watch your speed
June 06, 2024 Summer portfolio: Strong sun with fading liquidity, apply sunscreen
May 14, 2024 Surging AI capex: Macro implications of its size and return on investment?
Mar 18, 2024 New S&P 500 target of 5300: A.I. lives and it needs food and shelter
Feb 23, 2024 The end of macro?: Some companies are so big they are the macro
Jan 16, 2024 Equity wealth and inflation: What would Milton Friedman say?

Date	Individual investor	Registered professional
Dec 14, 2023 2024 Outlook: Long live this faint cycle or bumps toward a new one?
Oct 30, 2023 Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
Oct 04, 2023 What interest rate will bring fiscal discipline to Washington?
Sep 19, 2023 Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
Aug 16, 2023 Exploring other schools of thought: All schools out for summer?
Jul 25, 2023 Growth at any price?: Tech investors pay 1999 growth premiums again
Jun 16, 2023 Capex: A corporate confidence signal
Jun 02, 2023 Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks
May 30, 2023 No ceiling, no landing: 3-5% inflation cruising altitude
May 15, 2023 Surviving tribulations of beta management: Be patient and busy elsewhere
Apr 24, 2023 Companies are preparing for a recession: How about you?
Mar 29, 2023 Washer set to deep clean: Beware alternating rotations, drain could reopen
Mar 22, 2023 Getting Past the Panic: Mend capital availability, then capital costs
Mar 15, 2023 Further tightening required: Fed Funds rate exceeding 5% raises many risks
Feb 21, 2023 Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
Jan 30, 2023 Super profits of 2021-2022: New norms or exceptional circumstances?
Jan 23, 2023 A long year ahead and opportunity cash now pays interest: Be patient!

Date	Individual investor	Registered professional
Dec 12, 2022 2023 Outlook: It hinges on how inflation comes down and peace is found
Nov 15, 2022 The illusions and confusions of inflation: It’s dangerous to let them linger
Nov 02, 2022 This is scary: Slowing rate hikes risks a higher terminal rate or worse
Oct 12, 2022 Real yields rise into pre financial crisis range; must recalculate fair PEs
Sep 27, 2022 PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
Sep 06, 2022 Capex as long-term prospects signal: Boom at digital, not physical industries
Aug 24, 2022 Further Fed tightening and small recession ahead limit equity upside
Jul 19, 2022 Fed is taking elevator up, S&P EPS will take stairs down
Jul 04, 2022 The pre pandemic rollback: Where justified, overdone or more to go

All
2024
2023
2022

Date	Registered professional
Nov 12, 2024 Trump returns: Priorities are growth and winning
Oct 17, 2024 Last days to price best of all possibilities: Tough decisions after the elections
Sep 9, 2024 Clear for landing: Coming in steep, adjusting monetary and fiscal thrusters
July 1, 2024 U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
Jun 17, 2024 The AI speed train accelerates: Look far ahead, watch your speed
Jun 06, 2024 Summer portfolio: Strong sun with fading liquidity, apply sunscreen
May 14, 2024 Surging AI capex: Macro implications of its size and return on investment?
Mar 18, 2024 New S&P 500 target of 5300: A.I. lives and it needs food and shelter
Feb 23, 2024 The end of macro?: Some companies are so big they are the macro
Jan 16, 2024 Equity wealth and inflation: What would Milton Friedman say?
Dec 14, 2023 2024 Outlook: Long live this faint cycle or bumps toward a new one?
Oct 30, 2023 Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
Oct 04, 2023 What interest rate will bring fiscal discipline to Washington?
Sep 19, 2023 Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
Aug 16, 2023 Exploring other schools of thought: All schools out for summer?
Jul 25, 2023 Growth at any price?: Tech investors pay 1999 growth premiums again
Jun 16, 2023 Capex: A corporate confidence signal
Jun 02, 2023 Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks
May 30, 2023 No ceiling, no landing: 3-5% inflation cruising altitude
May 15, 2023 Surviving tribulations of beta management: Be patient and busy elsewhere
Apr 24, 2023 Companies are preparing for a recession: How about you?
Mar 29, 2023 Washer set to deep clean: Beware alternating rotations, drain could reopen
Mar 22, 2023 Getting Past the Panic: Mend capital availability, then capital costs
Mar 15, 2023 Further tightening required: Fed Funds rate exceeding 5% raises many risks
Feb 21, 2023 Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
Jan 30, 2023 Super profits of 2021-2022: New norms or exceptional circumstances?
Jan 23, 2023 A long year ahead and opportunity cash now pays interest: Be patient!
Dec 12, 2022 2023 Outlook: It hinges on how inflation comes down and peace is found
Nov 15, 2022 The illusions and confusions of inflation: It’s dangerous to let them linger
Nov 02, 2022 This is scary: Slowing rate hikes risks a higher terminal rate or worse
Oct 12, 2022 Real yields rise into pre financial crisis range; must recalculate fair PEs
Sep 27, 2022 PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
Sep 06, 2022 Capex as long-term prospects signal: Boom at digital, not physical industries
Aug 24, 2022 Further Fed tightening and small recession ahead limit equity upside
Jul 19, 2022 Fed is taking elevator up, S&P EPS will take stairs down
Jul 04, 2022 The pre pandemic rollback: Where justified, overdone or more to go

Date	Registered professional
Nov 12, 2024 Trump returns: Priorities are growth and winning
Oct 17, 2024 Last days to price best of all possibilities: Tough decisions after the elections
Sep 9, 2024 Clear for landing: Coming in steep, adjusting monetary and fiscal thrusters
July 1, 2024 U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
Jun 17, 2024 The AI speed train accelerates: Look far ahead, watch your speed
Jun 06, 2024 Summer portfolio: Strong sun with fading liquidity, apply sunscreen
May 14, 2024 Surging AI capex: Macro implications of its size and return on investment?
Mar 18, 2024 New S&P 500 target of 5300: A.I. lives and it needs food and shelter
Feb 23, 2024 The end of macro?: Some companies are so big they are the macro
Jan 16, 2024 Equity wealth and inflation: What would Milton Friedman say?

Date	Registered professional
Dec 14, 2023 2024 Outlook: Long live this faint cycle or bumps toward a new one?
Oct 30, 2023 Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
Oct 04, 2023 What interest rate will bring fiscal discipline to Washington?
Sep 19, 2023 Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
Aug 16, 2023 Exploring other schools of thought: All schools out for summer?
Jul 25, 2023 Growth at any price?: Tech investors pay 1999 growth premiums again
Jun 16, 2023 Capex: A corporate confidence signal
Jun 02, 2023 Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks
May 30, 2023 No ceiling, no landing: 3-5% inflation cruising altitude
May 15, 2023 Surviving tribulations of beta management: Be patient and busy elsewhere
Apr 24, 2023 Companies are preparing for a recession: How about you?
Mar 29, 2023 Washer set to deep clean: Beware alternating rotations, drain could reopen
Mar 22, 2023 Getting Past the Panic: Mend capital availability, then capital costs
Mar 15, 2023 Further tightening required: Fed Funds rate exceeding 5% raises many risks
Feb 21, 2023 Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
Jan 30, 2023 Super profits of 2021-2022: New norms or exceptional circumstances?
Jan 23, 2023 A long year ahead and opportunity cash now pays interest: Be patient!

Date	Registered professional
Dec 12, 2022 2023 Outlook: It hinges on how inflation comes down and peace is found
Nov 15, 2022 The illusions and confusions of inflation: It’s dangerous to let them linger
Nov 02, 2022 This is scary: Slowing rate hikes risks a higher terminal rate or worse
Oct 12, 2022 Real yields rise into pre financial crisis range; must recalculate fair PEs
Sep 27, 2022 PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
Sep 06, 2022 Capex as long-term prospects signal: Boom at digital, not physical industries
Aug 24, 2022 Further Fed tightening and small recession ahead limit equity upside
Jul 19, 2022 Fed is taking elevator up, S&P EPS will take stairs down
Jul 04, 2022 The pre pandemic rollback: Where justified, overdone or more to go

All
2024
2023
2022

Date	Individual investor
Oct 17, 2024 Last days to price best of all possibilities: Tough decisions after the elections
September 09, 2024 Clear for landing: Coming in steep, adjusting monetary and fiscal thrusters
July 01, 2024 U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
June 17, 2024 The AI speed train accelerates: Look far ahead, watch your speed
June 06, 2024 Summer portfolio: Strong sun with fading liquidity, apply sunscreen
May 14, 2024 Surging AI capex: Macro implications of its size and return on investment?
Mar 18, 2024 New S&P 500 target of 5300: A.I. lives and it needs food and shelter
Feb 23, 2024 The end of macro?: Some companies are so big they are the macro
Jan 16, 2024 Equity wealth and inflation: What would Milton Friedman say?
Dec 14, 2023 2024 Outlook: Long live this faint cycle or bumps toward a new one?
Oct 30, 2023 Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
Oct 04, 2023 What interest rate will bring fiscal discipline to Washington?
Sep 19, 2023 Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
Aug 16, 2023 Exploring other schools of thought: All schools out for summer?
Jul 25, 2023 Growth at any price?: Tech investors pay 1999 growth premiums again
Jun 16, 2023 Capex: A corporate confidence signal
Jun 02, 2023 Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks
May 30, 2023 No ceiling, no landing: 3-5% inflation cruising altitude
May 15, 2023 Surviving tribulations of beta management: Be patient and busy elsewhere
Apr 24, 2023 Companies are preparing for a recession: How about you?
Mar 29, 2023 Washer set to deep clean: Beware alternating rotations, drain could reopen
Mar 22, 2023 Getting Past the Panic: Mend capital availability, then capital costs
Mar 15, 2023 Further tightening required: Fed Funds rate exceeding 5% raises many risks
Feb 21, 2023 Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
Jan 30, 2023 Super profits of 2021-2022: New norms or exceptional circumstances?
Jan 23, 2023 A long year ahead and opportunity cash now pays interest: Be patient!
Dec 12, 2022 2023 Outlook: It hinges on how inflation comes down and peace is found
Nov 15, 2022 The illusions and confusions of inflation: It’s dangerous to let them linger
Nov 02, 2022 This is scary: Slowing rate hikes risks a higher terminal rate or worse
Oct 12, 2022 Real yields rise into pre financial crisis range; must recalculate fair PEs
Sep 27, 2022 PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
Sep 06, 2022 Capex as long-term prospects signal: Boom at digital, not physical industries
Aug 24, 2022 Further Fed tightening and small recession ahead limit equity upside
Jul 19, 2022 Fed is taking elevator up, S&P EPS will take stairs down
Jul 04, 2022 The pre pandemic rollback: Where justified, overdone or more to go

Date	Individual investor
Oct 17, 2024 Last days to price best of all possibilities: Tough decisions after the elections
September 09, 2024 Clear for landing: Coming in steep, adjusting monetary and fiscal thrusters
July 01, 2024 U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
June 17, 2024 The AI speed train accelerates: Look far ahead, watch your speed
June 06, 2024 Summer portfolio: Strong sun with fading liquidity, apply sunscreen
May 14, 2024 Surging AI capex: Macro implications of its size and return on investment?
Mar 18, 2024 New S&P 500 target of 5300: A.I. lives and it needs food and shelter
Feb 23, 2024 The end of macro?: Some companies are so big they are the macro
Jan 16, 2024 Equity wealth and inflation: What would Milton Friedman say?

Date	Individual investor
Dec 14, 2023 2024 Outlook: Long live this faint cycle or bumps toward a new one?
Oct 30, 2023 Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
Oct 04, 2023 What interest rate will bring fiscal discipline to Washington?
Sep 19, 2023 Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
Aug 16, 2023 Exploring other schools of thought: All schools out for summer?
Jul 25, 2023 Growth at any price?: Tech investors pay 1999 growth premiums again
Jun 16, 2023 Capex: A corporate confidence signal
Jun 02, 2023 Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks
May 30, 2023 No ceiling, no landing: 3-5% inflation cruising altitude
May 15, 2023 Surviving tribulations of beta management: Be patient and busy elsewhere
Apr 24, 2023 Companies are preparing for a recession: How about you?
Mar 29, 2023 Washer set to deep clean: Beware alternating rotations, drain could reopen
Mar 22, 2023 Getting Past the Panic: Mend capital availability, then capital costs
Mar 15, 2023 Further tightening required: Fed Funds rate exceeding 5% raises many risks
Feb 21, 2023 Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
Jan 30, 2023 Super profits of 2021-2022: New norms or exceptional circumstances?
Jan 23, 2023 A long year ahead and opportunity cash now pays interest: Be patient!

Date	Individual investor
Dec 12, 2022 2023 Outlook: It hinges on how inflation comes down and peace is found
Nov 15, 2022 The illusions and confusions of inflation: It’s dangerous to let them linger
Nov 02, 2022 This is scary: Slowing rate hikes risks a higher terminal rate or worse
Oct 12, 2022 Real yields rise into pre financial crisis range; must recalculate fair PEs
Sep 27, 2022 PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
Sep 06, 2022 Capex as long-term prospects signal: Boom at digital, not physical industries
Aug 24, 2022 Further Fed tightening and small recession ahead limit equity upside
Jul 19, 2022 Fed is taking elevator up, S&P EPS will take stairs down
Jul 04, 2022 The pre pandemic rollback: Where justified, overdone or more to go

Market Essentials | November 6, 2024 edition

Americas CIO | David Bianco

Listen on demand – webinar replays

Market Insights with David Bianco

Market Insights with David Bianco

Market Insights with David Bianco

Market Insights with David Bianco

Market Insights with David Bianco

Market Insights with David Bianco

Market Insights with David Bianco

Market Essentials - chart presentation: September-October 2024

S&P 500 earnings season results tracker

Explore insights

CIO View