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Charts of the Week
Some Rough QT Math
April 22, 2022
Will the Fed have to actively sell notes and bonds to reduce the Treasury portion of their balance sheet by $60 billion per month? Some rough math suggests they have time on their side.
Charts of the Week
Checking in on High Yield & Investment Grade ETFs
April 22, 2022
Investment grade and high yield bonds trade like an index thanks to the evolution of ETFs. In particular, ETF trading is accounting for a larger portion of cash market volume.
Charts of the Week
Defi Growth Hinges on Stablecoins
April 22, 2022
Stablecoins continue to be a hot topic of debate as Tether (USDT) and Circle (USDC) dominate market share. These coins are centralized and are redeemable for $1.00 because they are backed by cash and cash equivalents, essentially money market instruments.
Charts of the Week
A COVID Update
April 22, 2022
A look at the latest infection counts around the world
Charts of the Week
Ten More Hikes Expected by Year-End
April 22, 2022
The market currently expects seven hikes by the end of 2022, with 100 basis points worth of hikes expected in the next three meetings.
Charts of the Week
Negative-Yielding Debt Continues to Shrink
April 22, 2022
An update of the world of negative-yielding debt
Charts of the Week
A Long-Term Look at Retail Gas Prices
April 22, 2022
A long-term look at retail gas prices
Charts of the Week
Weekly Research Roundup
April 22, 2022
Some interesting charts from our recent posts
Newsclips
Quick Comments/What We’re Reading
April 21, 2022
Today's topics include 50 basis point hike almost a certainty at May meeting, should the Fed review its policy framework?, where have all the bulls gone?, measuring Russia's oil shock with satellite images, the technicalities of Russian default, wage inflation, countries diversifying away from the dollar, a weak yen means higher import costs for Japan, European power prices continue rising, and Goldman shows interest in crypto exchange FTX
Newsclips
Cartoons
April 21, 2022
Newsclips
Why We Have a Hot Housing Market
April 20, 2022
Inflation is at multi-decade highs, interest rates are rising, and the Fed has signaled they are willing to do anything necessary to bring down inflation. Despite this backdrop, the housing market is as hot as ever. We argue this is not a bubble, but a fundamental shift in demand.