Charts of the Week
Tech Stocks Crushing the Competition This Year
April 21, 2023
Tech stocks outperformed non-tech stocks as much as 21.88% this year, setting a level of outperformance not seen since January 2003.
Tech stocks outperformed non-tech stocks as much as 21.88% this year, setting a level of outperformance not seen since January 2003.
Houses sold at a median $217 per square foot in March, down from $231 per square foot in May 2022. However, this is still roughly $55 higher per square foot than pre-pandemic levels. Interestingly, list prices per square foot (green) are creeping higher once again.
Gas prices to transact on Ethereum's blockchain have been above average over the last several weeks. In turn, more ETH is being burned and circulating supply has turned lower.
ETFs represent an important part of equity markets, allowing everyday investors to capture different types of market strategies with just one investment and minimal fees. These are most often passive investments (allocators), yet active ETFs (traders) have become more common in recent years.
A long-term look at inflation-adjusted crude oil prices
Some interesting charts from our recent posts
Today's topics include The Bank Walk, The VIX & the Fed's Target Rate, When Will Extraordinary Measures Be Exhausted?, Williams on Board for May Rate Hike, Refinery Capacity's Effect on Inflation, Banking Crisis Could Affect Corporate Spreads, Millennials Giving Up on Homeownership, and How Big Are Shadow Banks?
Many believe the steep T-bill yield curve and the spread between 3-month and 1-month T-bill yields are signs of concern over the debt ceiling. While this may be partially true, the flood of money away from banks and into money market funds is also creating extra demand (and lower yields) for 1-month T-bills.
The Covid-19 pandemic highlighted global interdependence, pushing world leaders to bolster domestic production, resources, and investment. This de-globalization push has been underway since the Great Financial Crisis.
Today's topics include Dudley shines light on Fed's role in banking crisis, the FHLB's role as bank lender, BoJ yield curve control, where are interest rates heading?, central bank communication: ELI5, betting against the dollar, and a note on our monthly TIC update