Welcome to the latest edition of Talking Data. Our Talking Data series seeks to offer timely insights into macro market themes along with macro data and its impact on the economy and markets. I am your host Kristen Radosh of Arbor Research and Trading. Our commentator is Jim Bianco of Bianco Research. Today Jim will share his thoughts on CPI and the Fed Meeting. • CPI came in less than expected. What is the takeaway? • The Fed held steady, will they cut rates this year? • What about the neutral rate? Thank you for joining us today. We are client driven, if you have any questions or feedback on future topics, please let us know. For further information on Arbor Research, Bianco Research and Arbor Data Science, please contact Gus Handler at [email protected].

Jim Bianco joins to discuss inflation, rising interest rates, and the concentrated tech rally, providing critical perspectives on managing investment risks in a volatile market. Jim Bianco, President and Macro Strategist of Bianco Research, joins James Connor to discuss the unprecedented challenges facing today's markets. With inflation rates sticking and bond yields soaring, Bianco breaks down why investors need to brace for a volatile second half of the year. Are the market’s biggest tech giants driving an unsustainable rally? Timestamps: 00:00 - Introduction 01:17 - Nvidia’s market impact 05:19 - Rising interest rates impact 10:00 - Concentration in tech stocks 12:05 - Economic slowdown analysis 18:48 - Inflation and stagflation concerns 25:00 - Inflation’s economic impact 27:28 - Government spending concerns 30:00 - Consequences of massive spending 32:39 - Interest expense and federal debt 35:00 - Fed’s interest rate dilemma 40:00 - ECB’s rate cuts vs Fed 43:14 - Global economic trends 45:00 - Rise of speculative investments 48:55 - Conclusion

Jim Bianco’s conclusions from today’s Fed meeting: - “get used to 3-4% inflation & 4-5% interest rates” - no signs of U.S. recession… the theory that the actual labor market is weaker than official payrolls is WRONG (Powell referenced this theory today) - with stock market at all-time highs, it’s clear that the Fed hasn’t broken anything yet - much more! Recorded this afternoon (June 12) shortly after conclusion of Fed Chair Jay Powell’s press conference.

Welcome to the latest edition of Talking Data. Our Talking Data series seeks to offer timely insights into macro market themes along with macro data and its impact on the economy and markets. I am your host Kristen Radosh of Arbor Research and Trading. Our commentator is Jim Bianco of Bianco Research. Today Jim discusses his thoughts on the state of the US deficit. • Putting the Debt/Deficit into Perspective • What About Government Spending • How Does It Get Resolved Thank you for joining us today. We are client driven, if you have any questions or feedback on future topics, please let us know. For further information on Arbor Research, Bianco Research and Arbor Data Science, please contact Gus Handler at [email protected].

Jim Bianco joins Fox Business to discuss Private Credit, Stock Market Concentration, Bond Yield-Stock Relationship & Corporate Buybacks with Charles Payne.

Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. Erik and Jim discuss: • Interest, Inflation Rates & Bond Yields • Fed Rate Hikes and The Economy’s Strength • Economic Crisis & Budget Deficits • Oil Demand & Supply, With Focus on China • Gold Prices & Asian Markets • US Election & The Stock Market

Jim Bianco joins Fox Business to discuss the Concentration & Performance of the Market, along with potential Fed Rate Cuts with Charles Payne.

Tradier's Option Summit - Jim Iuorio & Bob Iaccino host Global Macro w/ Cameron Dawson & Jim Bianco Timestamps: 0:00 - Intro 3:15 - Commodities Supercycle 6:56 - Goods Inflation 8:47 - AI as a Deflationary Technology 13:10 - Fed Minutes Review 14:58 - Are Rates Restrictive? 18:39 - National Debt/Neutral Rates/GDP 26:37 - Does the Curve Steepen out? 28:36 - Supply Chain Disruptions 32:13 - Pizza Talk 33:54 - More on Supply Chain Disruptions 37:47 - Reshoring Effort 40:33 - Trade Wars with China 43:45 - What would you call the Current Environment? 47:07 - Full Impact of Rate Hikes 49:05 - Outro

Jim Bianco, president of Bianco Research, joins Maggie Lake to discuss the ongoing rally in equities and crypto, why Nvidia earnings are as important as CPI and payroll numbers, where rates are heading, and what's driving the spike in crypto.

Jim Bianco discusses positioning of the WisdomTree Bianco Total Return Fund on TD Ameritrade with Oliver Renick. For more information on the fund: https://www.wisdomtree.com/investments/etfs/fixed-income/wtbn