ODEON CAPITAL CONVERSATIONS

The latest report from the US Labor Department says national job growth in July surged a whopping 528,000, a massive number that defied expectations, with the unemployment rate dipping to a 50 year low. The Conversation takes a look at the numbers. “There are conflicts here that are really deep and significant,” says DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, referring to the st...

The CONVERSATION examines the "fundamentals" driving the market. These fundamentals in the US have not been positive lately, according to DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP. BOVE cites the recent 75 basis points hike by the Federal Reserve, bringing its benchmark rate to a range of 1.5% to 1.75%; two consecutive quarters of declining GDP, tensions over Taiwan, and more. S...

With all eyes on the US Federal Reserve and on the consequences of their action on interest rates this week, the Conversation is packed with timely topics—from the Fed's campaign to tame inflation to the new world of investing after a period of easy money. "The pressure now on the Fed to ease off is enormous," says DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, referring to the Fed'...

With economic storm clouds gathering, many US banks are remarkably “ecstatic” about their prospects, according to DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP. These banks, on the traditional lending and deposit side, unlike peers tied to capital markets, are upbeat. “I have never heard so many banks so positive on the US economy as I have heard in the last couple of days,” BOVE sa...

The CONVERSATION examines the immense historical significance of the Plaza Accord in 1985. DICK BOVE, chief financial strategist at Odeon Capital Group, draws upon the lessons of this international agreement signed on September 22, 1985 at New York City's Plaza Hotel as America faces, once again, an almighty and surging dollar in 2022. "The US dollar is simply too strong [today]," says BOVE, notin...

The US Federal Reserve, battling inflation, has finally started to "taper," trimming assets on its large balance sheet. DICK BOVE, chief financial strategist at Odeon Capital Group, analyzing the full extent of the reductions, concludes the Fed cuts are so far "unconvincing." MAT VAN ALSTYNE, Odeon co-founder and managing partner, argues the Fed has changed course from its original promise to trim...

In this topic-packed episode, the CONVERSATION opens with the markets and the recent rallies. DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, posits that this market concludes it has heard and factored in all the negative news while at the same time absorbing the positives. BOVE says bank stocks are cheap in this market, addressing the concept of "buying the dips." On the inflation f...

The US Federal Reserve has been relentlessly jawboning the market with talk of monetary tightening to tame inflation. "We've had the Fed pound on us for a couple of months," says DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, in this episode, explaining the latest phase in this bear market (with occasional rallies). "We've had a general consensus in the marketplace that we could hav...

This episode traces the start and origins of today's rising inflation, which clocked in at 8.6 percent in America last month. On February 18, 2021, DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, published a series of assertions on inflation. BOVE warned that inflation would be "out of control" by yearend, noting how the Fed was expanding its balance sheet to pay for Federal deficits...

The US Federal Reserve is embarked on a campaign to shrink its nearly $9 balance sheet at the same time as it raises interest rates. The goal is to tame America’s white hot inflation. But the Fed’s dramatic action is fraught with serious challenges. As DICK BOVE explains in this episode, the Fed is unloading securities in this new era of rising interest rates, securities purchased earlier in an ul...

On the same week that Federal Reserve Chairman Jerome Powell met with President Biden in the White House—and as the administration highlights its determined effort to tame raging inflation—both Wall Street and Main Street are on tenterhooks. "It's a battle between Main Street and Wall Street as to who controls the Federal Reserve," says DICK BOVE, in this episode.  BOVE, chief financial strat...

The biggest banks in America are racing to ramp up their digital platforms for consumers with cloud-based technology that allows them to expand and radically enhance their range of products and services, and overall customer experience. JP Morgan, for example, plans to spend $14.1 billion this year, much of it on new technology solutions. The tech investments by banks is driven in part by fear of...

With bitcoin and other crypto assets having entered a so-called ‘crypto winter’ , DICK BOVE, chief financial strategist at Odeon Capital Group, explains what's behind the sharp decline in crypto values. Although there was some slight recovery early this week, crypto losses so far have been cruel and brutal for investors. Bitcoin reached just over $25,000—its lowest point since July 2020—last Thurs...

Citigroup’s stock is selling at the same price it held when John Reed was CEO back in 1993, according to Bloomberg. That's what DICK BOVE, chief financial strategist at Odeon Capital Group, notes in his latest report. “It is at a 20  percent plus discount to book value. Clearly, investors have lost faith in the company,” he says. "So, what went wrong and why is this company still around?” BOV...

Episode 15 examines the banking industry close up with a nod to the Great Reset debate popularized by Klaus Schwab and Thierrry Malleret and the World Economic Forum in Davos, and inspired by the Covid-19 crisis.  Central bankers worldwide responded to the crisis by massive market interventions and money printing when shutdowns and locksdowns threatened a global depression and social chaos. I...

This episode picks up on new research by Odeon Capital Group’s DICK BOVE to examine the future of cryptocurrencies, in particular the most popular digital currency of them all, Bitcoin. BOVE says Bitcoin has delivered for investors but the famed bank analyst is critical of this currency as a substitute for conventional money. “This leads to the question as to whether it can actually hold its inves...

The US Federal Reserve has still not tightened monetary despite a stream of words to the contrary. From the biggest banks such as JP Morgan and Citi to the smaller players in the sector, this Fed liquidity is playing into their outlook and performance, according to DICK BOVE, chief financial strategist at Odeon Capital Group. “Restructuring bank portfolios is going to be very important based on an...

This week, the US Labor Department reported that consumer prices were 8.5 percent higher than 12 months ago, the biggest jump in prices since 1981. From rising prices for fuel, food, housing and rent, as well as a panoply of goods and services, this price surge has triggered anxiety for consumers, businesses and the Federal Reserve. ODEON CAPITAL CONVERSATIONS will take a deep dive and examine the...

This episode of ODEON CAPITAL CONVERSATIONS unpacks a lot of topical material at the center of debate and analysis on Wall Street and the financial markets in today’s fast-changing markets. From the talk of recession and a major development at Fannie Mae and Freddie Mac, to the “multiple problems” for banks and the latest sanctions on the payment of Russian debts, the conversation will debate diff...

Back in 2008, the US government's takeover of troubled mortgage giants, Fannie Mae and Freddie Mac, two agencies established to reduce risk in the housing market, was hailed by many as a crucial step in helping to solve the pain of the subprime housing crisis roiling America. Fueled by the global financial crisis, the nation had a glut of vacant homes for sales, soaring foreclosures and rising une...

DICK BOVE, chief financial strategist at Odeon Capital Group, has outlined how In its recent press conference, the Federal Reserve implied two adjustments in interest rates would be made in the coming months: · The Federal Funds rate could be increased 7 times this year to what might be 2.00% · The Federal Reserve balance sheet might be reduced in size by an unknown amount. "Assuming this would ha...

The recent positive move in the stock market indicates how significantly investors have insulated themselves from reality, according to DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP. In support of this argument, BOVE cites some tragic developments: Russia bombed a  children’s hospital Their publicity suggests that they are about to use biological weapons They clearly do not bel...

The big banks and most large regionals in the US have major technological advantages, according to DICK BOVE, chief financial strategist at Odeon Capital Group. Today, there is no non-bank financial company or Fintech—bank rivals seeking market share—that can match bank technology across the board, he says. Fintechs, however, can develop niche products that “banks should have developed.” Adds Bove...

In this episode, ODEON CAPITAL CONVERSATIONS presents parallels in history to understand the future of the globe with the invasion of Ukraine by Russia. What does this shocking unfolding of events in Europe mean for global trade and the world economy as well as for investors and your money? This episode will ask these important questions and much more. The invasion of the Ukraine provides clarity...

With the tensions deepening in Ukraine and the invasion by Russia as the startling and grim backdrop, this episode will ask what does this all mean for investors and your money, and take a deep dive into our first four episodes that launched ODEON CAPITAL CONVERSATIONS. Eps 1: In the eye of the financial storm, a heavily-indebted Fed, signaling interest rate rises, is 'in trouble', says Dick Bove....