Charts of the Week
Vice vs. Virtue…and Tech Stocks
January 31, 2020
Vice stocks outperformed the market for almost two decades. Recently, that trend came to an end.
Vice stocks outperformed the market for almost two decades. Recently, that trend came to an end.
Homes in the U.S. have yet to recapture their pre-crash levels on an inflation-adjusted basis, marking the country as one of the worst performers since 2005.
Speculators are sitting out palladium's remarkable rally, but are making a big bet on platinum.
An update on the universe of negative-yielding debt
This coming week, the Fed's term repo operations will be reduced from $35 billion to $30 billion. While this will slowly pull back the Fed's involvement in the repo market, their T-bill purchases will more than outpace lost repo support.
Select charts from our recent posts
A look at real S&P 500 earnings since 1881
The Fed made no major policy announcements, but Powell's comment about a floor on excess reserves was noteworthy.
A look at the size of various markets compared to the U.S. economy.
Today's topics include Powell keeping an eye on global growth, the yield curve briefly inverts again, global supply chain and coronavirus, stock buybacks, Fidelity announces fractional trading, alternate inflation targeting strategies, managing the financial cycle, comparing junk bonds to value stocks and servicing sovereign debt.
The Fed is poised to hike Interest on Excess Reserves (IOER) by five basis points today in an attempt to keep the effective funds rate near the mid-point of its targeted range between 1.50% and 1.75%.