Today's topics include the yield curve, easy financial conditions, Trump bashes the Fed, the Golden Cross, more on MMT, secular stagnation, the homeownership rate, active managers have a bad month, bitcoin jumps and China.
Q1 2019 earnings start rolling out next week. Analysts expect an ugly quarter.
Joe Biden's tough weekend has opened up the race for the Democrat nomination. Could the winner from this turmoil be Pete Buttigieg?
Today's topics include the Federal Reserve, the evolution of corporate debt trading, the slowing global economy, the Atlanta Fed's GDPNow forecast, Stephen Moore, crude oil, understanding the latest stock market boom and the Goldman Sachs-Apple credit card.
It is not uncommon for the curve to bounce off zero, but the trend is lower and persistent inversion should be expected.
Fund flows through February 2019.
A look at total returns through March 2019.
Today's topics include stock and bond market volatility, Kashkari weighs in on FOMC policy, hedge fund demand, the PBOC's credit problem, Bill Dudley's attempt to calm recession fears, the bond market's outlook, in search of the bond vigilante and equity FOMO.
The market is pricing in a fall rate cut. The Fed is pushing back against it. If the market continues to price in a cut over the next four weeks, look for the Fed to change its tune and start talking about cutting.