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Charts of the Week
U.S. Money Supply Shrinks for First Time Since 1938
January 27, 2023
Outside the U.S., the world's money supply continues shrinking at a fast pace.
Charts of the Week
The Government’s Rising Interest Costs
January 27, 2023
For the last few decades we have been in a low interest rate environment where deficit spending would not cause major issues. However, a 40-year high in inflation prompted the Fed to tighten monetary policy at a fast pace. Higher rates mean the cost of servicing U.S. debt will follow higher.
Charts of the Week
Transitioning From Eurodollars to SOFR
January 27, 2023
As part of the planned transition away from LIBOR, the CME will convert any remaining Eurodollar positions to SOFR positions on April 14. SOFR futures recently surpassed Eurodollar futures as the world's largest interest rate futures contract.
Charts of the Week
Expectations for the Next Couple FOMC Meetings
January 27, 2023
A 25 basis point hike is almost universally expected at the February 1 FOMC meeting. Traders still expect an additional 25 basis point hike at the March meeting, but there is a small chance of a pause.
Charts of the Week
Updating TradFi Yields vs. DeFi Yields
January 27, 2023
DeFi lending rates have moved lower as borrowing demand has subsided. As a result, Treasury yields are now higher than the yields offered by some of the biggest, most reliable DeFi protocols.
Charts of the Week
Updating ARK Innovation’s Performance
January 27, 2023
Flows follow performance, except for when they don't. Cathie Wood's investors seem willing to ride out market losses even as they have lost over 60% of their investment in just over a year.
Charts of the Week
A Long-Term Look at the Consumer Price Index
January 27, 2023
A long-term look at the Consumer Price Index
Charts of the Week
Weekly Research Recap
January 27, 2023
Some interesting charts from our recent posts
Newsclips
Market Capitalization as a Percentage of GDP
January 26, 2023
A look at the size of various markets compared to the U.S. economy
Newsclips
Quick Comments/What We’re Reading
January 26, 2023
Today's topics include debt ceiling stress, small businesses scooping up workers, risk on, prediction error, the height of passive management, looking at the short end of the curve, avoiding recession, digging into labor market questions, private equity facing "new reality", and misunderstanding the difference between centralization & decentralization