Investment grade and high yield funds saw record inflows in May, just as the Fed's purchases began.... Read More
Foreigners sold a massive amount of U.S. Treasuries in April, following March's record-setting fire sale.... Read More
Once food and energy prices are removed, inflation has fallen at its fastest 3-month annualized rate on record.... Read More
Nobody expected 2.5 million jobs to be gained in May. The Paycheck Protection Program likely led to the huge decrease in the number of workers temporarily laid off.... Read More
In the past couple months, we looked at the wild swings in the markets on a monthly basis. This month, we take a step back to look at the 10-year annualized returns of some of the major asset classes.... Read More
Despite the S&P 500's total return of almost 13% in April, investors pulled over $20 billion out of equity mutual funds and ETFs.... Read More
Foreign investors sold a record $299 billion of Treasuries in March.... Read More
The past few months' inflation reports have largely been ignored due to the giant COVID-related asterisk attached to most figures, and rightly so. However, many of CPI's sub-indices have seen historic moves since quarantines began.... Read More
As expected, this morning's payrolls report was historic by just about any measure possible.... Read More
The markets continued their wild ride from a total return perspective in April.... Read More
Bond mutual funds and ETFs saw a record outflow from bond funds in March, with investors choosing to park an additional $864 billion in government-only money market funds.... Read More
A look at the size of various markets compared to the U.S. economy.... Read More
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