Today's topics include a September rate cut coming into view, small cap stocks like the prospect of lower rates, Fedspeak, Treasury issuance gets political, Treasury returns now positive on the year, inflation expectations, and Japan intervenes
As the Fed lifted rates off zero, traders began to differentiate between companies with high interest coverage ratios and those with low interest coverage ratios.
In the first quarter of 2024, retail traders accounted for more equity volume than quant funds, HFTs, and banks.
Many measures show the stock market is more concentrated, or top-heavy, than at any time in history.
Several liquidity charts worth watching as the Fed's reverse repo facility continues to be drained
The rate one can get for lending out stablecoins on Defi protocols can often be substantially higher than Treasury rates. In the past few months, however, this margin has dwindled.
Buybacks offer companies a way to increase shareholder value without issuing a taxable dividend. Tech stocks have dominated the list of biggest buybacks in recent years.
A long-term look at retirement assets
Some interesting charts from our recent posts
Headline CPI posted its first deflationary month in four years. Supercore inflation, a measure closely watched by the Fed, fell for the second month in a row. The markets have further cemented their expectation for a September rate cut.
Today's topics include Powell's comments, concern over liquidity premiums, a year of records for the S&P 500, eyes on bank earnings, the AI hype is drawing skeptics, not-so stressful tests, passive investing & bubbles, home insurance costs rise, and clawing back back-taxes