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The 2-year is down 44 bps over the last two days…
March 10, 2023
The 2-year is down 44 bps over the last two days (since Wednesday’s close). Only five other days in the last 40 years have seen a larger two-day moves. Oct 20, 1987 = the day after the largest stock market crash in history (-22%, Oct 19, 1987) Sept 14, 2001 = two days after the 9/11… Continue reading The 2-year is down 44 bps over the last two days…
Newsclips
Do Banks Need to Raise Deposit Rates?
March 10, 2023
Bank deposit rates have been too low relative to other higher-yielding options. That was not a problem until depositors began to move money out of the banking system for these higher-yielding instruments. The fix - raising deposit rates - would hinder profitability.
Newsclips
Employment in Pictures – Payrolls Beat an 11th Straight Time
March 10, 2023
Payrolls beat expectations for a record 11th straight month. Despite another beat, the fed funds market remains split on whether the Fed will hike 25 basis points or 50 basis points on March 22.
Newsclips
Quick Comments/What We’re Reading
March 10, 2023
Today's topics include stocks still dependent on Fed signals, central bank balance sheets, reshoring chip production not going smoothly, betting against the BoJ, commercial real estate might be in trouble, uncertainty ahead for Japan, raising prices, and an update on China's reopening
Newsclips
Cartoons
March 10, 2023
Charts of the Week
Homeownership Slipping Away From Prospective First-Time Buyers
March 10, 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
Not Yet a Stock Picker’s Paradise
March 10, 2023
While correlations are trending in the right direction for hedge funds hoping to pick up some alpha, the market is not yet a stock picker's paradise.
Charts of the Week
Global Payments By Currency
March 10, 2023
The dollar and the euro account for 78% of all global payments through SWIFT.
Charts of the Week
Cash Is No Longer Trash
March 10, 2023
There has been a notable shift in attitudes toward cash as rates continue higher and traditional investments such as equities and bonds have underperformed.
Charts of the Week
Over a Quarter of All ETH Held in a Smart Contract
March 10, 2023
Over a quarter of all ETH is currently held in a smart contract, much of which is being used to lend, borrow, or provide liquidity for DeFi protocols.
Charts of the Week
A Long-Term Look at “Real” S&P 500 Total Returns
March 10, 2023
A long-term look at "real" S&P 500 total returns