Charts of the Week
GDP Growth Drives U.S. 10-Year Yields
June 26, 2019
There is a perception that real growth drives U.S. interest rates. Lately, U.S. yields have correlated more directly to world growth rather than U.S. growth.
There is a perception that real growth drives U.S. interest rates. Lately, U.S. yields have correlated more directly to world growth rather than U.S. growth.
Previously we compared GDP growth during different expansions on a nominal basis. How does each expansion compare on a real GDP and per capita real GDP basis?
The Bloomberg/Barclays Corporate Index has returned 9.61% YTD, making 2019 one of the best total return years on record.
Foreigners have sold U.S. equities for a record 12 straight months.
A look at Trump's approval rating
Posts of interest from this past week
A look at miles driven and gas consumption in the U.S. since 1919
Many on Wall Street believe tariffs and the Fed are creating a great deal of uncertainty. In actuality, the markets do not appear overly concerned about tariffs for the time being. They do view the Fed as more significant, however.
The first Democrat debate is tonight. The betting markets tell us where each candidate's chances stand.
Today's topics include Mnuchin's comments about a trade deal with China, China continues to buy U.S. crude oil despite tariffs, Powell insists the Fed is independent, the "new normal", Bullard considered for Fed board job, high yield issuance, Jamie Dimon talks student loans, bitcoin and other major cryptos jump, more on Libra and the ten most powerful hedge fund managers in 2019.
S&P 500 earnings forecasts are not good. There is hope that positive company guidance is showing the way to better days.