To-date, 434 S&P 500 companies (87%) have reported earnings. 86% beat estimates, a record pace. Stock valuations remain very high.... Read More
In the latest installment of Talking Data, Jim and Ben talk about the three big stories of the week... Read More
Once the votes made a divided government a high likelihood, the markets reacted by decreasing the odds of further fiscal stimulus. Bond yields fell and the stock market is up.... Read More
As existing home prices continue to trend higher, new home prices have stalled out over the last few years.... Read More
Over a third of all existing home sales occurred under the $250,000 price point in September.... Read More
In our latest installment of Talking Data, Jim and Ben dive into the election and its potential ramifications for financial markets.... Read More
COVID cases are spiking worldwide and governments are trying to lockdown, but populations are pushing back. Risk markets have taken note.... Read More
To-date, 131 S&P 500 companies (26%) have reported earnings. 86% beat estimates, well above the average quarterly beat rate since 2009 is 71%. The growth rate is -17.24%.... Read More
COVID cases are spiking again in Europe. Deaths are now following. Rising infection counts continue to matter for the global economy.... Read More
New daily cases in Western Europe are now twice as high as their spring peak and well above the peaks seen over the summer in the United States. When the virus initially spread in March, European cases led U.S. cases by four to six weeks.... Read More
There is an old saying on Wall Street that "there are no bad bonds, only bad prices." It seems Quarles is proudly announcing the Fed will hold Treasuries at "bad prices." What ends this? Inflation.... Read More
The "red mirage" is the idea that election night ends with Trump ahead with more than 270 electoral college votes. As mail-in ballots begin being counted, however, several key states may flip until Biden is declared the winner.... 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
A look at outstanding amounts of Treasuries, corporates, agencies, munis and open market paper... Read More
Private pension funds have much smaller funding gaps than their government counterparts.... Read More