Weekly Research Recap
September 23, 2022
Some interesting charts from our recent posts
Our Research
Sample Our Reports, Presentations, & Market Insights
Economics
Employment in Pictures – Healthy Jobs Market Continues to Give...
September 2, 2022
Today's payrolls release simply sets the table for the September 13 CPI report. With the labor market looking strong, the Fed continues to have enough cover to hike several more times. Questions still remain about the Fed's eventual terminal rate,...
Markets
Looking at U.S. Energy
September 1, 2022
There are currently two main factors driving record levels of inflation, housing and energy. While Europe is currently facing an intolerable energy crisis, the United States is faring slightly better on the energy front for the time being.
Markets
Total Return Review – Bonds’ Slide Continues
September 1, 2022
The losses continued to pile up in the bond market in August.
Markets
Is Inflation “Fever” Really Breaking?
August 30, 2022
The consensus continues to view inflation as transitory across the globe, soon returning to 2%. This rests on an understanding that nothing has changed and the pre-pandemic economy is returning.
Markets
An Update on Europe’s Energy Crisis
August 29, 2022
Europe's energy crisis is becoming intolerable and politicians are promising action, but reduced supply from Russia limits possible solutions.
Markets
Gasoline Traders Are Positioning for a Rebound
August 25, 2022
Continuing with our commentary on energy markets, gas prices at the pump exploded higher for US and global customers. Both crude oil and natural gas exhibited divergence in sentiment and positioning. Gasoline shows a similar trend to a lesser extent....
Monthly Fund Flows – Another Month of Huge Outflows for Bonds
June 30, 2022
Bond mutual funds and ETFs saw their third biggest monthly outflow on record in May despite government bond funds seeing their second largest monthly inflow on record.
Markets
Market Effects of Target Date Funds
June 29, 2022
Target date retirement funds have grown from less than $10 billion to almost $4 trillion in little over a decade. Their actions are having an effect on markets.
Markets
The “RRP Drain” Continues to Grow
June 28, 2022
Traders continue to worry about quantitative tightening draining liquidity from financial markets. The bigger and more immediate concern might be the drain on reserves from the Fed's ever-growing reverse repo facility.
Markets
The Market’s Message About the Financial Sector
June 27, 2022
We believe the horrific performance of financials, fintech, and cryptos indicates the current financial system is not meeting the needs of a 21st-century digital economy. It is ripe for disruption.
Has A Recession Already Begun?
June 21, 2022
A replay of our June 23, 2022 conference call.