The Fed's ownership of Treasury securities has grown astronomically over the past month.... Read More
March's payroll report was historic by many different measures. Unfortunately, these records will likely be broken next month.... Read More
Assets from stocks to bonds to commodities endured one of the craziest quarters on record from a total return basis.... Read More
A look at stock and bond fund flows through February 2020... Read More
Japan remains the largest foreign holder of Treasury securities for the eighth month running, but the Fed owns more than China and Japan combined.... Read More
In February, sticky core CPI hit its highest 12-month annualized rate since 2008. We will have to wait another month to see any possible effects from the coronavirus.... Read More
Including revisions to previous months, the February payroll report was the second best month for payroll growth since the financial crisis. Unfortunately, this largely measures a bygone era before coronavirus took hold of the market's attention.... Read More
Bonds are off to their fastest start since at least 1973.... Read More
Bond funds posted their third largest monthly inflow since at least 2002.... Read More
Japan remains the top foreign holder of U.S. Treasuries in December. China's forex reserves are also monitored as a proxy for U.S. Treasury holdings.... Read More
Boston Fed President Eric Rosengren recently pointed out some favorable arithmetic could lead to a bump higher in Core PCE over the next several months.... Read More
The smallest firms in the U.S. have been a major driver of job growth since the Great Recession. Firms with fewer than 50 employees have shown positive momentum lately.... Read More
30-year Treasury bonds posted one of their best January returns of the past 50 years.... Read More
Bond funds posted their third largest monthly inflow since at least 2002.... Read More
A look at the size of various markets compared to the U.S. economy.... Read More
Japan remains the largest foreign holder of Treasury securities for the sixth month running, but the Fed owns more than China and Japan combined.... Read More
Boston Fed President Eric Rosengren recently pointed out some favorable arithmetic could lead to a bump higher in Core PCE over the next several months.... Read More
The U.S. has now seen 111 consecutive months of payroll growth. There has not been a negative payroll number since September 2010!... Read More
As another decade comes to a close, we look at the 10-year annualized returns of some of the major asset classes.... Read More
Monthly fund flows through November 30, 2019... Read More