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Charts of the Week
Quantifying the Wave of T-Bill Issuance
August 25, 2023
T-bills are accounting for a rising percentage of outstanding debt in the U.S., pushing against the 20% limit typically advocated by the TBAC.
Charts of the Week
Fiscal Dominance
August 25, 2023
As the cost of carrying debt increases for governments, the idea of hiking rates becomes more politicized.
Charts of the Week
Constant-Methodology Inflation
August 25, 2023
If current methodologies and weights were applied historically to CPI, the peak seen in June 2022 would have been much closer to the all-time highs set in 1980.
Charts of the Week
Market Breadth Still an Issue
August 25, 2023
The S&P 500's market cap has increased nearly 12% year-to-date. However, most stocks are struggling. Eight stocks have provided the majority of returns for the index this year.
Charts of the Week
Costs Continue to Rise for First-Time Homeowners
August 25, 2023
Homebuyers enjoyed a relatively affordable market in the decade following the housing crash. The recent rise in prices and mortgage rates put homeownership out of reach for many prospective first-time buyers.
Charts of the Week
Tether’s Exposure to Evergrande Questioned Again
August 25, 2023
Evergrande's bankruptcy filing once again led some to question the reserves backing Tether.
Charts of the Week
A Long-Term Look at Commodity Prices
August 25, 2023
A long-term look at commodity prices
Charts of the Week
Weekly Research Recap
August 25, 2023
Some interesting charts from our recent posts
Newsclips
Quick Comments/What We’re Reading
August 24, 2023
Today's topics include Timiraos offers Jackson Hole talking points, finding neutral, more on Q3 GDP's rising nowcast, the problem with being a midsized bank, charting China's problems, dividend yields vs. bond yields, and the imbalance between new & existing home supply
Newsclips
Cartoons
August 24, 2023
Newsclips
Revisiting 0DTE and Market Effects
August 23, 2023
Zero Days-to-Expiration options now make up over half of all options volume for the S&P 500. Risks stemming from these short-term options are still relatively unknown. Below we update our commentary on 0DTE options as their prevalence continues to rise.