Today's topics include more on FOMC expectations next year, what to expect from stocks in 2025, bad breadth, breaking down wages & inflation by income, the deficit is only accelerating in 2025, the Mag Seven are bigger than all economies except the U.S. & China, trading volumes get a Trump bump, and Chinese yields continue to plummet.
By almost any measure, traders have rarely been this exuberant about the stock market.
Official TIC data shows China has steadily shed their exposure to the dollar by reducing Treasury holdings over the past decade. However, some of their holdings are likely being held in other custodial countries.
The market continues to rally on the backs of a select few stocks in the S&P 500.
The majority of gains in bitcoin since the pandemic came outside of U.S. trading hours.
Checking on mobility and transit in the United States since the COVID-19 pandemic.
As sellers' leverage in the market dissipated and mortgage rates increased, many homeowners decided to stay put in their existing homes. New listings dropped markedly since June 2022.
A long-term look at the dollar-pound exchange rate
Some interesting charts from our recent posts
Today's topics include talkin' markets, more on yesterday's cpi release, looking beyond the December FOMC meeting, the pros and cons of tariffs, Pimco offers thoughts on lowering the deficit, insider selling, the housing market for first-time buyers, BoJ expected to keep rates steady next week, and the world's oldest bond turns 400