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September 29, 2025
Today's topics include Miran's case for speedy cuts, AI-related stocks dominate S&P 500 returns, if AI were a bubble..., loaded up on stocks, watching for liquidity issues, more tariff news, slowdown? what slowdown?, and is it time to replace the fed funds rate?
The Trump administration has made the Federal Reserve's job all the more difficult, creating uncertainty on several different fronts.
The U.S. Department of Housing & Urban Development labels roughly half of all renters as either "cost-burdened" or "severely cost-burdened" in paying for shelter.
S&P 500 constituent level implied volatility tends to be higher than index level implied volatility.
Although tokenized assets are a drop in the bucket compared to real-world assets, their growth has been remarkable.
The median house now sits on the market for 52 days before selling.
A long-term look at retirement assets
Some interesting charts from our recent posts
Last week, Powell suggested the collapse in population growth means the economy can survive on 0 to 50k job growth each month. Over the previous three months, payroll growth was 29.3k. Is the labor market actually in balance, calling into question the need to cut rates?
Today's topics include Goolsbee joins hawks pushing against further rate cuts..., ...While Bowman & Daly set the tone for the doves, Bessent leans on Powell again, El-Erian on Miran's role in Fed, searching for signs of strain in funding markets as quarter-end approaches, the Chicago Fed offers a new labor market indicator, is this the type of thing you hear near a top?, cutting rates with stocks near all-time highs, U.S. stocks vs. global stocks, and when crypto is not DeFi