U.S. stock returns typically fare well in the wake of a midterm election.... Read More
While optimism in Asian Pacific emerging markets is on the rise, the same cannot be said for Latin American emerging markets.... Read More
The U.S. will spend almost 17% of its tax revenues on servicing its debt this year.... Read More
Large speculators hold a net long position in VIX futures for the first time since May.... Read More
Selected charts and excerpts from some of our research over the past week... Read More
The shale oil boom quickly brought U.S. crude oil production back to levels last seen in the 1970s.... Read More
As expected, the Republicans gained seats in the Senate and Democrats gained seats in the House yesterday. The resulting divided government might act more like a unified government and be more active than the last two years of divided government.... Read More
Optimism about China / U.S. trade and the Bolsonaro election have investors flooding back into emerging market ETFs, especially in China. Does the bounce in emerging markets have legs? ... Read More
Improvements in vacation and apartment rental searches are encouraging but softness in the U.S. housing market looks set to continue. ... Read More
Our top posts from the week of October 29, 2018. ... Read More
CoT Detail: 2-Year Treasury Large Specs and Leveraged Traders Are At A Net Short Extreme. ... Read More
Souring U.S. inflation expectations mask improving wage growth, which remain concentrated in technology and services industries. Long-end U.S. Treasuries need a breakout by sentiment over inflation and wages to sustain a continued bearish slide.... Read More
Falling oil prices dented energy sector credits in October, sending investors toward safety in size and diversity. Margin concerns took a bite out of refiner performance and may be set to continue. ... Read More
The high-yield and investment-grade corporate bond markets continue to be consumed by the ETF market.... Read More
Investors facing losses across fixed income have been forced to diminish exposure to higher volatility growth equities, while seeking value and low volatility opportunities. This phenomenon is likely to continue in the event longer-end U.S. Treasury yields continue to climb.... Read More
ETFs dominate the investment landscape, but they are highly concentrated within a few funds run by Vanguard and BlackRock.... Read More
We see positive developments in search trends for key Asia Pacific economies. Rising interest in energy, raw materials, energy and credit suggest China's trading partners are optimistic about stimulus efforts. ... Read More
Financial sector ETFs recently saw their largest outflows since February 2015.... Read More
The U.S. 5-year 30-year spread is poised to flatten with investor positioning reaching steepening extremes and the Federal Reserve committed to normalizing policy.... Read More