Today's topics include dissecting the short-lived equity bear market, central banks vs. shadow banks, more on the Fed's inflation target, still no agreement on jobless benefits, another look at the dollar, the drop in consumer spending, diversifying with gold, and Amazon moves to 2nd on market cap list
Gold has moved higher for eight consecutive weeks, a feat which has only occurred a handful of times. How did the shiny metal respond in the wake of past similar streaks?
Personal consumption posted its worst quarter since at least 1947 as quarantines put a halt to spending.
While the five largest tech stocks make up roughly a quarter of the S&P 500's market capitalization, tech's weight in investment grade and high yield indices is much lower.
Fallen angels now make up more than 16% of the high yield universe.
Tracking the Fed's words
Updating the growth in central bank balance sheets
Select charts from our recent posts
A look at spot and inflation-adjusted gold prices since 1901
Yesterday Apple announced something rare, a stock split. In an era of zero commissions and fractional share purchases, stock splits are disappearing.
As investors continue to coinvest with the Fed, corporate bond mutual funds and ETFs saw a second straight month of record inflows.