Today's topics include why aren't higher rates causing more pain?, Dudley thinks R* has shifted much higher, checking in on rate cut hopes, lots of issuance for the market to soak up in June, treasury seasonality, Fedspeak, monetary policy decoupling, and stock market concentration
Today's topics include Rogoff warns central banks must fight political pressures to keep inflation at bay, QT-induced liquidity concerns for the BoE?, more on volatility, poking holes in the idea of diversifying away from the dollar, ARMs still make up roughly a quarter of U.S. mortgages by dollar value, Mag Seven make up 21% of hedge funds' single stock exposure, higher rates hurting private equity, and Blackrock tops Grayscale for biggest bitcoin ETF
Q1 2024 earnings season has concluded with another strong quarter of growth, capped off by another blowout quarter by Nvidia.
Today's topics include rate cuts are perpetually several months away in U.S., inflation's relationship with valuations, interpreting an inverted yield curve, volatility remains low, investment grade outlook, the wealth effect, wealth by generation, and the potential problems posed by T+1 settlement
Today's topics include rising yields, Nvidia is the stock market, the risks of the ECB cutting before the Fed, the problems with diversifying away from western currencies, stretched valuations, demographic headwinds, stock gains boil down to a few days each year, and ETH ETFs approved
Household debt in the U.S. stood at $17.69 trillion in the first quarter.
Credit utilization remains historically low, but has risen since 2021.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.