Charts of the Week
Updating European Natural Gas Stockpiles
July 18, 2025
At the halfway point of natural gas refilling season, Europeans are on pace to spend more than last year to rebuild their stockpile.
At the halfway point of natural gas refilling season, Europeans are on pace to spend more than last year to rebuild their stockpile.
Nvidia's market cap recently surpassed $4 trillion. The S&P continues to be dominated by the biggest stocks.
Financial conditions are a function of market stress. When financial conditions are easing like now, it is usually a sign of positive sentiment for equities.
The percentage of homeowners who have dropped their initial listing price continues to climb.
A long-term look at electoral democracy in the United States
Some interesting charts from our recent posts
Today's topics include a history of central bank political pressure, Williams sees tariffs boosting inflation by 1%, the return of operation twist?, the big banks report quarterly results, the big mac index, and stablecoin adoption
Today's topics include how much T-bill issuance is too much?, defending the Fed from Trump's attacks, tariff inflation, keeping score in the trade war, the 60/40 portfolio, Bill Gross offers thoughts on inflation, home prices, and tokenized money market funds
While inflation data might be benign enough to allow the Fed to cut rates at some point this year, the labor market is not nearly weak enough to demand such a move. We believe the trade war will continue to cast enough uncertainty to keep the Fed in wait-and-see mode.
Q2 2025 earnings season began last week, and through yesterday, 22 companies have reported. Growth is expected to be well below recent quarters.