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Quick Comments/What We’re Reading
September 13, 2024
Today's topics include now we have Fed uncertainty?, real rates see new high, stocks versus bonds, what is driving equity markets?, small-caps vs large-caps, more on the demand hit to crude, record low on China's 10-year yield, defensive sector rotation, the political struggle over housing affordability, and the prospects of an American sovereign wealth fund
Newsclips
Cartoons
September 13, 2024
Charts of the Week
IPOs Take a Breather
September 13, 2024
Many U.S. companies are reportedly pushing off public offerings due to uncertainty surrounding the election and Fed policy. IPO's track record over the last couple years are likely also a big reason for companies' reluctance to go public.
Charts of the Week
The Riskiest Portion of the High Yield Market Dwindles
September 13, 2024
The portion of the high-yield universe made up by the riskiest bonds has dwindled since 2009.
Charts of the Week
Rising Rates & the Government’s Debt Burden
September 13, 2024
For the last few decades the U.S. has been in a low interest rate environment where deficit spending would not cause major issues. A 40-year high in inflation and the higher rates that followed are stressing the country's finances.
Charts of the Week
Updating the Election Horserace – Post Debate
September 13, 2024
The data suggests this race is too close to call. Last week (pre-debate), Trump had a slight lead among bettors. This week, Harris has a slight lead. Post-debate polls will be rolling in next week.
Charts of the Week
Liquidity Measures Worth Watching
September 13, 2024
Several liquidity charts worth watching as the Fed's reverse repo facility continues to be drained
Charts of the Week
Looking at the World’s Richest People
September 13, 2024
An update on the world's richest people
Charts of the Week
A Long-Term Look at the S&P 500’s Real Total Return
September 13, 2024
A long-term look at the S&P 500's real total return
Charts of the Week
Weekly Research Recap
September 13, 2024
Some interesting charts from our recent posts
Newsclips
Quick Comments/What We’re Reading
September 12, 2024
Today's topics include more on yesterday's CPI release, setting up for a 25bp cut, markets will decide when enough is enough, banks' net interest income, BoJ hawk sees 1% rates in Japan...by 2027, China dragging down crude & U.S. rates?, Chinese stocks make a 5-year round-trip, and ETF flows