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March 14, 2008
Inflation Watch Update The attached tables update inflation rates through February 2008. In this month’s update, we also point out that 10-year Treasury yields are lower than annualized CPI for the first time since 1980.
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March 3, 2008
What Is Taylor-Rule Neutrality For The Federal Funds Rate? Where should a neutral federal funds rate be? The Taylor Rule offers an objective standard to answer this question.
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February 29, 2008
Mutual Fund Flows Update Tables updated through January 31, 2008 with data released February 28, 2008. Comments on Stock Funds, Bond Funds and Hybrid Funds, and the public’s break-even level. While domestic stock mutual funds had their largest...
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February 28, 2008
Update On Canadian Markets The Canadian dollar is positioned to challenge its November 2007 high barring a reversal of American monetary policy.
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February 27, 2008
Charts of the Week Topics Covered This Week Include: What Indicators Will Tell Us When The Bear Market Ends?- 1 What Indicators Will Tell Us When The Bear Market Ends?- 2 Stocks Continue To Diverge From Credit Housing Prices Are Not Bottoming Comparative Assessment Of The March 18th FOMC Meeting Is CMBX The New ABX?… Continue reading Untitled
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February 21, 2008
Credit, Monolines And Auditors: Updating The Credit Crisis Audio Link of Conference Call February Conference Call Presentation Package.
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February 8, 2008
Municipal Bonds Remain Under Pressure The municipal bond market remains in disarray with continued negative fundamentals.
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February 4, 2008
Steeper Yield Curve’s Industry Group Effect On U.S. Equities The net effect of a steeper yield curve on U.S. equities is strongly positive, with the greatest benefits in the consumer sectors.
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January 25, 2008
Commitments of Traders Update/Analysis Statistics cover the CoT report for January 22, 2008. Further charts and comments include: Eurodollar Futures: Hedgers Massively Short Swiss Franc Futures: The Franc Carry Trade Unwinds Crude Oil Futures: Crude...
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December 26, 2007
Tanker Tariffs To Pressure U.S. Crude Oil In Short-Term Rising crude oil tanker tariffs presage an inventory build in the first quarter of 2008.
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December 21, 2007
What Is The Real Cause Of The Credit Crisis? The credit crisis is the result of a nationwide decline in home prices. This, not the price of CDOs and other derivative securities, is what needs to end for the current crisis to end.
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December 21, 2007
Commitments of Traders Update/Analysis Statistics cover the CoT report for December 18, 2007. Further charts and comments include: Eurodollar Futures: Revenge Of The TED? British Pound Futures: Large Speculators Sell Aggressively S&P 500 Futures:...