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Newsclips
Quick Comments/What We’re Reading
October 4, 2023
Today's topics include updating the stock market's slide, volatility in the bond market, throwing in the towel on a soft landing?, keeping an eye on wages, the dollar as the world's reserve currency, crude oil's effect on the dollar & inflation, and who is left to buy MBS?.
Newsclips
Cartoons
October 4, 2023
Newsclips
Monthly Fund Flows – Money Market Funds Continue Benefiting From Higher Rates
October 3, 2023
As rates head higher, money continues to flow into money market funds. Banks are left with the option of raising deposit rates, which squeezes margins, or watching customers walk out the door.
Newsclips
Quick Comments/What We’re Reading
October 3, 2023
Today's topics include the rise in yields, the return of the bond vigilante?, breaking down the stock market's slowdown, fixed income fund flows, betting on big tech, revisions to GDI account for Fed remittances and supply & demand in the jobs market
Newsclips
Cartoons
October 3, 2023
Newsclips
Total Return Review – Starting the Fourth Quarter
October 2, 2023
After last year's horrible returns, the market is not showing signs of a mean reversion.
Newsclips
Quick Comments/What We’re Reading
October 2, 2023
Today's topics include calling a US recession, expecting a crash in office properties, rising rates, are financial advisors losing luster with higher rates?, pandemic induced "experience" spending still driving consumers, inflation down but essentials still up, bankruptcies, and trading volatility
Newsclips
Cartoons
October 2, 2023
Charts of the Week
Money Market Funds’ Dominance in the Fed’s RRP
September 29, 2023
Over 96% of all money in the Fed's reverse repo facility belongs to money market funds. T-bills have become a competitive alternative, however.
Charts of the Week
The Fed Hikes Until Something Breaks
September 29, 2023
Because the neutral rate is a bit of a guessing game, the Fed often hikes until something breaks. This is typically followed by a fast series of rate cuts.
Charts of the Week
Alternative Measures of the Housing Market
September 29, 2023
The median price of a house is the most basic measure of the housing market. The median sale price per square foot (red) was $226 in August, down from its April 2022 peak of $233.