All Major Asset Classes Post Losses as Sellers Dominate
Sellers took a toll on all the major asset classes last week, based on a set of ETF proxies. US junk bonds posted the softest setback in trading through Friday’s close (Feb. 24)....
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Sellers took a toll on all the major asset classes last week, based on a set of ETF proxies. US junk bonds posted the softest setback in trading through Friday’s close (Feb. 24)....
What can the Fed do in a sticky inflation situation? January’s Personal Consumer Expenditure (PCE) index came in hot at 5.4% vs. the expected 5% inflation rate. The market is...
The case for raising equity allocations when interest rates were close to zero was easy. After a year of interest rate hikes by the Federal Reserve, the calculus is more...
The Fed has recently released the hypothetical scenarios for its 2023 supervisory stress test. This test is conducted annually to show how the banks are likely to perform in a...
Cash is no longer trash, courtesy of sharply higher interest rates. Trailing yields on risky assets are looking up too. The source for the change in payout rates, of course, is a...
The February Fed minutes may reveal that rates have to go much higher. It will be a holiday-shortened trading week, but it will still be full of market-moving data. The Fed minutes...
By owning gold, investors are not necessarily hedging against a government default but ironically betting the Fed will increasingly misuse monetary policy to help the government...
There is a time to be long, a time to be short, and a time to go fishing. As inflation skyrocketed and the Fed turned hawkish, bonds were kryptonite for investors for most of 2022:...
US consumer inflation continues to ease, but less so than expected in January. Yesterday’s update suggests that the Federal Reserve will see the latest numbers as a new sign...
Data steepens the curves from the back endRates were pressured higher on the back of the much-better-than-expected retail sales data. A potential weather-related bounce in the data...