Charts of the Week
Weekly Research Roundup
August 28, 2020
Some charts from our recent posts
Some charts from our recent posts
Since 1977 the Fed has maintained a dual, and equal, mandate of full employment and low inflation. Now they are prioritizing employment over inflation and have added financial stability as a third mandate of lesser importance.
Today's topics include understanding inflation, revisiting the phillips curve, the Fed's emergency facilities, a look at lost earnings, millennials are buying homes, stock splits, preparing for election day volatility, and betting on Tesla
Today's topics include the full Jackson Hole schedule, the Fed's mission creep, post-crisis deleveraging, food spending habits with unemployment assistance in question, the correlation between the VIX and S&P 500, eurozone bank deposits on the rise again, tracking the world's richest people, and the SEC green-lights new IPO method.
As the S&P and Nasdaq reach record highs, most forward-looking measures of valuation show the market is not cheap.
Today's topics include properly measuring inflation, rates at zero for the next five years, a pro-MMT argument, the problems with yield curve control, Chicago retains political corruption crown, playing the volatility game, Fannie/Freddie's refi surcharge delayed, and ending banks' ban on dividends?
The recovery continues but is slowing. Many economic measures remain well below pre-pandemic levels. We see little evidence anyone is returning to the office.
Today's topics include Yellen speaks, bonds as a hedge to stocks, the economic cost of the lockdown, debating inflation, retail stocks, ETF launches & closures, why market timing is so difficulty, previewing Jackson Hole, more on the uneven rally, and economists see chance of double-dip recession.