Technology continuing to gobble up productivity and profit margin gains remains a central reason for low U.S. Treasury term premiums. Additionally, the yield curve is more apt to invert sooner than past historical instances given this weight on inflation and the long-er end of the curve.
Stock and bond market seasonality may offer hope to those in search of a bit more volatility.
The U.S. natural gas industry gets another break in the trade war.
Contrary to recent stories, the data supports the idea that the midterms are going to be a lot closer than conventional wisdom suggests.
Today's topics include the ECB meeting, BOJ policy, stock and bond fund flows, capital expenditures, quant funds, the Fed & the yield curve and tariffs' effect on earnings.
Profit declines typically proceed a recession, except when driven by a collapse in crude oil.
The stock market has gone 1670 trading days since the last bear market, the third longest such streak since 1929.
Active managers often call this the most hated bull market in history. This is simply not true. The reality is the public likes the stock market. They are just moving away from active managers.
A look at fund flows through May 2018
The U.S. and Latin America stand out as the only economies producing well-above average data changes.
It looks like the rotation into non cyclical sector ETFs might be over for U.S. equities.