Today's topics include previewing this week's FOMC meeting, rethinking the link between wages & inflation, cracks in the U.S. economy, Barron's cover story makes the bull case, stocks & bonds telling conflicting stories, real estate loans still a risk to banks, profit margins remain high, the housing market's supply shortage, and more problems at U.S. ports?
Today's topics include Treasury offers guidance on the TGA's rebuild, economists expect a hawkish pause, the Bank Term Funding Program continues to grow, traders getting overly optimistic on stocks?, tech stock outflows, stocks & bonds not on same page, the odds of recession, and crypto funding
52% of households owning mutual funds make more than $100k per year.
Active equity funds continue to charge 10x the fees of passive equity funds.
Domestic equity index funds with the lowest fees saw the large majority of inflows in 2022.
42% of U.S. households own an IRA. The difference in ownership between the highest and lowest income buckets is staggering.
Equity ETFs accounted for 30% of stock market volume in the U.S. in 2022.
A look at the holdings of government-only money market funds versus prime money market funds
A long-term look at the British pound
Some interesting charts from our recent posts