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The Institutional Risk Analyst
© 2003-2025 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance


Budget Reconciliation, Fiscal Credibility & GSE Release
The Trump budget package is priority number one on Capitol Hill, but odds of the big tax bill passing are falling every day. The White House still needs 25 votes in the House and May is upon us.

R. Christopher Whalen
1 day ago7 min read
580 views


Trading Points: Banks, Interest Rates & MSRs
Some of the smaller holders of MSRs may ask themselves if selling right now is not the best strategy over a 36-48 month horizon.Â

R. Christopher Whalen
Apr 168 min read
435 views


Trade, Taxes & GSE Release
Who are the two most powerful people in the Trump White House?

R. Christopher Whalen
Apr 94 min read
337 views


Memo to Bill Pulte and Scott Turner: How to Make Housing More Affordable
A more efficient mortgage backed securities market benefits everyone by lowering mortgage rates and making home ownership more affordable.

R. Christopher Whalen
Mar 256 min read
650 views


Housing Finance Outlook | Q2 2025
There is an old rule on Wall Street that industry sectors like airlines and auto manufacturers are trades rather than investments...

R. Christopher Whalen
Mar 1611 min read
1,051 views


Trading Points: Trump, Housing & Private Credit
President Trump is using the threat of tariffs to change the behavior of some of our trading partners, particularly Canada and Mexico.Â

R. Christopher Whalen
Mar 57 min read
434 views


Trump, Musk & the Dollar
The real threat of tariffs announced by Trump is not inflation, but rather a LT decline in the dollar as the global reserve currency

R. Christopher Whalen
Feb 46 min read
510 views


GSE Release? Really. What Do JPM and BAC Say About 2025 Earnings?
Without profits from commissions and capital markets, BAC would have reported a down quarter due to higher funding and operating expenses.

R. Christopher Whalen
Jan 166 min read
446 views


Trump, Risk and Liquidity
With Gov Michael Barr stepping down from bank supervision, perhaps Fed Chairman Jerome Powell is more willing to test liquidity lower bound

R. Christopher Whalen
Jan 87 min read
174 views


Critiquing Bill Ackman Statement on GSE Release
Cute reference to "average cost," but total return to date would be of greater interest.

R. Christopher Whalen
Jan 28 min read
2,449 views


Liquidity & Rates Fall as Trump Trades Beckon
What does the upsurge in repo rates at the end of September suggest? None of the media who supposedly cover the Fed seem able to ask.

R. Christopher Whalen
Dec 23, 20247 min read
449 views


Liquidity Preference: SVB Financial Group, WaMu & Reemerging GSEs
Selling the Treasury's control position in the GSEs while dragging the furious shareholders along behind is not an attractive opportunity

R. Christopher Whalen
Dec 12, 20247 min read
496 views


Kamikaze GSE Release? Oh Yeah...
Yes, that's right, we are going to downgrade $8 trillion in GSE MBS and hundreds of billions in corporate debt.

R. Christopher Whalen
Dec 10, 202415 min read
3,437 views


Update: Blend Labs Inc.
BLND is generating operating leverage via cost reductions, another way of saying that management is slowly winding up the business.

R. Christopher Whalen
Dec 5, 20244 min read
350 views


The Trump Trade & Sovereign Ratings
What happens to the Trump Trade and the broader equity markets if the FOMC passes on a December rate cut?

R. Christopher Whalen
Dec 4, 20246 min read
602 views


Fiat Currencies, GSEs & Presidents
Could President elect Donald Trump be facing a maxi market correction before inauguration day?

R. Christopher Whalen
Nov 13, 20246 min read
880 views


Financials: Post-Trump Victory Notes
The changes that are going to occur in Washington over the next four years will be dramatically different than during Trump I.

R. Christopher Whalen
Nov 6, 20245 min read
1,106 views


Is Trump Bullish for Interest Rates? Pump & Dump for GSE and Fintech Stocks
You can tell lies and damn lies about the idea of releasing Fannie and Freddie, but the SEC and FINRA cannot and will not say a word.Â

R. Christopher Whalen
Oct 30, 20246 min read
812 views


Hurricanes, Insurance & the Cost of Risk
Many homes in FL no longer have adequate home owners insurance much less federal flood insurance.

R. Christopher Whalen
Oct 10, 20246 min read
932 views


Update: Our Top Five Ideas
How will the sudden shift in Fed policy impact financials? Are we headed for a recession?

R. Christopher Whalen
Sep 24, 20246 min read
654 views
Christopher Whalen
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