Defined benefit plans still make up more than 40% of retirement assets in the United States.... Read More
Student loans now total $1.53 trillion.... Read More
A look at the size of the real estate market in the U.S., including residential and commercial... Read More
The amount of outstanding private credit in the U.S. experienced a brief decline during the financial crisis, but government debt grew throughout the entire period. Both are now at new highs.... Read More
Core inflation and hawkish Fed rhetoric are the dominant drivers of higher U.S. real yields. A bearish breakout by both real and nominal U.S. 10-year yields requires a rebound in Eurozone economic momentum.... Read More
With key interest rate decisions approaching, both Indonesia and the Philippines stand out as we search for opportunities in the Asia Pacific region. ... Read More
10-year specs are at an extreme net-short position once again. ... Read More
Popular and extreme charts from the latest CoT report.... Read More
Our top posts from the last week. ... Read More
A replay of our Septemeber 20, 2018 conference call. ... Read More
We expect the U.S. dollar to churn sideways-to-lower with economic growth converging across the globe and inflation expectations well-anchored. Equities outside the U.S. and commodities away from energy are likely outperformers.... Read More
The market's track record for predicting the outcome of Fed meetings is nearly perfect in the months leading up to the decision. The Fed does not want any surprises, so it offers complete transparency to achieve this outcome.... Read More
The correlation between equity volatility and inflation expectations should be closely watched as a positive shift telegraphed the burst in risk in February 2018.... Read More
Economic growth across the globe is on the fence with 50% of economies growing above average. U.S. and Latin American economic data remain positive stand-outs, but economic surprises are fading.... Read More
Seasonal quirks in economic and inflation data releases into the end of September have helped produce the weakest week for the S&P 500 and strongest week for U.S. 10-year notes. ... Read More
After a red-hot summer, the health care sector has cooled off a bit this month. Despite risks from rising policy uncertainty, the sector continues to outperform. ... Read More
Today's topics include hedge funds' struggle, economic optimism, two takes on populism, trouble in Europe, arbitraging the Fed, Chinese stocks and Wall Street paychecks.... Read More