The yield curve was all the rage in 2023. As investors witnessed the deepest and longest-lasting inversion in modern history, a recession seemed all but inevitable given the yield... read more →
This morning the latest survey from the National Association of Home Builders was released and the details were a bit concerning. The overall Housing Market Index (HMI) fell to... read more →
January CPI inflation came in much hotter than expected this morning, with headline CPI rising at 0.5% for the month – the fastest monthly increase since April 2023. Digging... read more →
Markets were rattled yesterday morning with the news over the weekend that President Trump planned to apply tariffs of 25% on trade with both Canada and Mexico, and 10% on... read more →
With about 20% of companies in the S&P 500 index having reported earnings for Q4 of last year, it is now Big Tech’s turn. Six out of the seven largest... read more →
Government bond total returns have been disappointing over the last 10 years annualizing 1% from 2014 to 2024. Due to the strong relationship between the 10-year yield and forward 10-... read more →
Q4 earnings reporting is officially underway, and it is off to a great start. The big banks kicked off the season as usual, and they immediately knocked it out of... read more →
As a new year gets underway, the big news so far has been the relentless march higher in bond yields. Since the Federal Reserve first cut the overnight Fed Funds... read more →
The Federal Reserve cut the Fed Funds Rate by another quarter point yesterday, and yet markets tanked anyway with stocks suffering their largest “Fed Day” sell-off since March 2020. It... read more →
Despite the Fed having already cut rates twice since September (and likely cutting them again today), the amount of assets sitting in money market funds keeps piling up. As of... read more →
