Markets are roaring ahead as financial conditions are measured as easy. Lowering rates in this environment will only push financial markets to even easier, even to outright bubble conditions.
It is no secret that investors have been riding the bullish wave in stocks for quite some time. Price action in the last few days may have dented that enthusiasm, but the charts below quantify this bullishness for historical perspective. Note the surveys below were completed on July 23 and July 19, before the big… Continue reading Stock Sentiment in Rarified Air
Bullish option trading strategies accelerated significantly as the rotation to small caps took hold.
A record high percentage of home sellers had to drop their listing price in June. Other measures suggest the housing market is a bit of a mixed bag currently.
A long-term look at electricity generation
Some interesting charts from our recent posts
A look at the size of various markets compared to the U.S. economy
Today's topics include is not cutting a policy mistake?, Mag 7 stocks take a beating, S&P 500 breaks 2% down day drought, what is the bond market looking at?, consumers feel the pinch of higher rates, 'You've reached your data limit', more peak dollar calls, higher rates in Japan help banks, and a SPAC rebound?
Today's topics include Dudley calls for a July rate cut - the Sahm rule drives everything now, the jobs market, more on the rotation to small cap stocks, stock bubbles, the financial stability risks of private equity, record home prices mask strains in the market, and Ethereum's ETF debut
Today's topics include where is neutral?, El-Erian on economic growth, playing the deficit blame game, China's surprise rate cut, checking in on the shipping industry, and ETH ETFs start trading today