Today's topics include high current returns bring lower future returns..., ...but time in the market matters more than market timing, immigration's effect on the labor market, productivity, how to lower the deficit, bank reserves at year-end, the first or last week of the year doesn't matter more than any other week, target date funds shaping investment allocations, and bitcoin ETF flows
Is the rise in term premium a worrisome risk warning or a return to norms seen pre-QE?
Bitcoin ETFs currently own about 5.5% 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.
SOFR rose above the top end of the Fed's target range for the second quarter-end in a row. Usage of the Fed's Standing Repo Facility remains low, however.
The beginning of the year is a good time to look at seasonality, both returns and volatility.
How big are the Fed's holdings of bonds, notes, bills, TIPS, MBS, agencies, and FRNs in relation the outstanding market?
Updating the world's richest people to end 2024
A long-term look at objects in space
Some interesting charts from our recent posts
It has been more than a quarter century since the S&P 500 saw better returns over a two-year period.
In the latest installment of Talking Data, Jim discusses why bonds are struggling with the Fed cutting rates.