Jim Bianco: Will the stock market sell-off worsen?

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CNBC, Released on 9/21/21

The S&P 500 just closed its worst day since May on Monday, accelerating a September slump triggered by China’s Evergrande debt crisis, seasonal weakness and a looming deadline to raise the debt ceiling.

Those concerns contributed to market unease, but Bianco Research President Jim Bianco says the market’s next move all comes back to one central theme: interest rates.

Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Prior to joining Arbor and Bianco Research, Jim was a Market Strategist in equity and fixed income research at UBS Securities and Equity Technical Analyst at First Boston and Shearson Lehman Brothers. He is a Chartered Market Technician (CMT) and a member of the Market Technicians Association (MTA). Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).

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