Charts of the Week
Who Are the 2020 Leaders?
July 24, 2019
The betting markets are akin to a real-time poll. We use them to show how the Democrat candidates are doing in securing the nomination.
The betting markets are akin to a real-time poll. We use them to show how the Democrat candidates are doing in securing the nomination.
Trump's approval rating and re-election odds have been on the rise in 2019.
Our top posts from the week of July 22, 2019.
A look at government spending and income since the 1700s
GDP trackers, or nowcasts, are largely on the same page regarding Q2 GDP growth for the first time in a long while.
Today's topics include central banks debating their inflation targets, what falling real yields mean for the U.S. economy, the July Fed meeting, the muni bond market, Mnuchin vs Amazon, Deutsche Bank, Brexit and sources of alternative data.
The Fed should discuss why U.S. interest rates are the highest in the world and heed the message from the inverted curve. If they take too long to address this issue, they risk creating a recession.
Q2 1019 earnings reporting season continues as 85 of the S&P 500 companies (17%) have reported through July 22. Q2 2019 earnings growth is still expected to be negative. Revenue growth is expected to be just 3% and guidance is turning lower.
Today's topics include disrupter stocks and everything else, Larry Fink wants the ECB to buy equities, why the ECB should consider cutting rates on Thursday, Japan, a debt ceiling deal is reached, the Fed's evolving monetary policy approach, investor sentiment vs stock prices, junk bond fund draws record inflows in June, the pound as a Brexit barometer, more on Judy Shelton, Bridgewater is having a poor year, the lesson of Bretton Woods, stock buybacks and Boris Johnson wins race to be next British Prime Minister.
The Fed has now made it clear they are cutting 25 basis points next week. While we have our reasons for favoring rate cuts, we have not heard a good argument articulated by the Fed. Is data dependency dead?