Charts of the Week
High Yield ETF Volume and Flows Update
October 3, 2018
An update on high yield ETF volume and flows
An update on high yield ETF volume and flows
Monthly fund flows through August 2018.
US Mortgage Rates Back to 1998.
We believe the stock/bond relationship is transitioning from a deflation mindset back to an inflation mindset. Such transitions are long and messy. These transitions also make the most important decision in investing, the asset allocation decision, the hardest.
Consumer trends and ETFs versus futures positioning are favoring a cheaper U.S. 10-year brought on by steepening at the front-end of the Treasury curve.
Search trends, global economic growth and monetary policy are lining up in favor of higher oil prices.
Today's topics include the strong U.S. economy, Charlie Evans wants the Fed to step back, the U.S. dollar, yield curve inversion, global monetary policy, deregulation, the impact of nonconventional monetary policy and the Fed's forward guidance.
Search trends show anxiety over trade, spending and national security is fading fast while monetary policy uncertainty is rising. The shifts favor widening in key cross spreads and U.S. dollar strength.
Creating a diversified portfolio is harder than ever in a period of positive correlations among nearly all major asset class returns. A brief focus on rising inflation has faded with attention now turning to the convergence in economic growth between the U.S. and developed economies.
Q3 2018 earnings season is about to start. Another big quarter is expected and presumably already priced in. Some of the unusual patterns due to corporate tax cuts are starting to wear off.
Today's topics the Federal Reserve's "R-star", Italy's 10-year yield rises, capital flight fears in China, why the end of zero interest rates is over, quality stocks, defining what a "big bank" is, crude oil rises, active vs passive management, what the "Ben Bernank" video got wrong and Amazon raises its minimum wage.