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Investors, the Fed, and Media Can’t Agree on What Matters
November 5, 2018
The financial media, consumers and the Federal Reserve do not have the same concerns or issues on their radar screens. Uncertainty is rising across financial media and investors.
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Watch Improvements in Rental Real Estate
November 5, 2018
Improvements in vacation and apartment rental searches are encouraging but softness in the U.S. housing market looks set to continue.
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Midterms Are Tomorrow
November 5, 2018
House control betting broke out on record volume in favor of the Democrats. The Senate is still considered a lock for the Republicans.
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Earnings Update
November 5, 2018
374 of the S&P 500 companies have reported Q3 2018 earnings. Earnings growth should top 20% for the third quarter in a row, but revenue growth is not meeting expectations.
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Monthly Fund Flows – Detailing Active and Passive Flows
November 5, 2018
Fund flows through September 2018.
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What We’re Reading
November 5, 2018
Today's topics include risk parity funds, investment grade bonds, central bank stimulus, a synchronized global slump, asset managers' poor performance, bonds vs. stocks, wage growth, bond ETF outflows and keeping an eye on bonds.
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Cartoons
November 5, 2018
Newsclips
Solid Wage Gains, Will Inflation Outlooks Finally Rebound?
November 2, 2018
Souring U.S. inflation expectations mask improving wage growth, which remain concentrated in technology and services industries. Long-end U.S. Treasuries need a breakout by sentiment over inflation and wages to sustain a continued bearish slide.
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Flight to Safety in Energy Credits
November 2, 2018
Falling oil prices dented energy sector credits in October, sending investors toward safety in size and diversity. Margin concerns took a bite out of refiner performance and may be set to continue.
Monthly Reports
Employment in Pictures – 3% Wage Growth & Abnormal Weather Strikes Again
November 2, 2018
Wage growth finally broke 3%, but Fed watchers remain focused on broader inflation expectations. Also, Hurricane Michael kept a large number of people away from work in October.
Newsclips
More on ETFs Consuming The Corporate Bond Market
November 2, 2018
The high-yield and investment-grade corporate bond markets continue to be consumed by the ETF market.