Buybacks offer companies a way to increase shareholder value without issuing a taxable dividend. Buybacks areoften dominated by the largestweighted companies in the index.
Updating the changes in central banks' balance sheets
A Long-Term Look at Housing Starts
Some interesting charts from our recent posts
Today's topics include Timiraos highlights the FOMC minutes, quantifying the fiscal problem facing governments, more on the consumer's ability to spend, higher rates' effect on homeownership, and a rally for the most shorted stocks
What is the collective of US stocks less the Mag 7 doing this year? Underperforming cash for the second straight year.
Today's topics include when does QT go too far?, hedge fund concentration, getting out of cash, auto loan rejections at record, foreigners have ditched Chinese stocks, zooinks! zombies!, CalPERS strategy vs. 60/40 model portfolio, higher rates create expensive housing, expensive housing creates expensive rents, and office stocks rally with no outlook change
Q3 2023 earnings season is closing out. S&P 500 operating earnings, initially expected to decline, saw a positive growth quarter.
Today's topics include how to read a CEO's comments, an eye on today's 20-year auction, consumer spending power, rates matter to stocks..., ...but maybe less so to the economy, checking in on the soft landing narrative, and too much Fedspeak