Bitcoin ETFs currently own almost 6% of all circulating bitcoin. While they offer exposure to crypto's price action, they might be a source of concern for real adoption of a decentralized, censorship-resistant currency.
Many metrics of the housing market have returned to pre-pandemic levels. The number of homes sold each month, however, remains depressed.
A long-term look at the dollar-pound exchange rate
Some interesting charts from our recent posts
Today's topics include foreign demand for U.S. Treasuries, gauging the odds of recession, foreign vs. domestic ETF flows during the drop in stocks, Bessent vs. Lutnick/Navarro, the latest tariff headlines, retail traders buying the dip, betting against the dollar, and Fedspeak
Unlike previous cycles, retail investors hold a much larger sway over markets. Who are retail traders?
Today's topics include the latest tariff headlines, which way does the wind blow today in Trump vs. Powell?, a closer look at capital flight concerns, an eye on foreign participation in Treasury auctions, breaking down wealth in the U.S., inflation expectations, Fedspeak, and earnings calls turn pessimistic
The chairman has too much power and the rest of the FOMC voters need to start acting independently. If they did, the Chairman would be just one of 12 votes and not the subject of such intense scrutiny. This would significantly protect the Fed's independence.
Q1 2025 earnings season has begun. Growth is expected to be well below that of recent quarters, but expectations seem to have bottomed. Both guidance and analysts' revisions indicate a souring earnings outlook.
Today's topics include Trump vs. the Fed, the concept of a risk-free bond, U.S. stocks come back to earth relative to foreign stocks, risk-off flows gain steam, an eye on "other" Fed deposits, the Dow's worst April returns since 1932, stock market volatility, and oil supply & demand