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Employment in Pictures – Good News Is Bad News for Risk Markets
July 8, 2022
The fed funds market's muted reaction to today's payrolls beat seems apt. Solid employment news continues to give the Fed the green light to hike, which is obviously bad for risk markets, but the inflation reports remain in the driver's seat in determining FOMC policy.
Newsclips
Quick Comments/What We’re Reading
July 8, 2022
Today's topics include 75 in July, bond fund inflows, dumping private equity, gas prices ease, corporate debt, do emerging markets need the Fed?, falling euro, will small caps lead?, Abe & policy, unions & wage growth, and are Chinese defaults coming?
Newsclips
Cartoons
July 8, 2022
Charts of the Week
Midterm Probabilities
July 8, 2022
Both the political polls and betting markets currently point to a Republican sweep in the upcoming U.S. election.
Charts of the Week
Renting vs. Owning
July 8, 2022
For those unable to afford a 20% downpayment, the cost of renting is now cheaper than the cost of buying a house.
Charts of the Week
The Cost of Servicing U.S. Debt
July 8, 2022
For the last few decades we have been in a low interest rate environment where deficit spending would not cause major issues, however 40-year high inflation prompted the Fed to tighten monetary policy, raising rates fast by large sized hikes. Higher rates means the cost of US debt will quickly explode higher.
Charts of the Week
TradFi Yields vs. DeFi Yields
July 8, 2022
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 Rate Hike Expectations
July 8, 2022
The speed at which the Fed is able to destroy wealth and demand via rate hikes and QT will play a large part in determining how fast inflation comes down.
Charts of the Week
Central Bank Balance Sheets Continue to Shrink
July 8, 2022
Updating the changes in central banks' balance sheets
Charts of the Week
A Long-Term Look at Electricity Generation
July 8, 2022
A long-term look at electricity generation
Charts of the Week
Weekly Research Roundup
July 8, 2022
Some interesting charts from our recent posts