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
Japan remains the top foreign holder of U.S. Treasuries in October. China's forex reserves are also monitored as a proxy for U.S. Treasury holdings.... Read More
Today's CPI release did little to move the needle on FOMC policy.... Read More
November's payroll report surprised even the most optimistic economists' estimates. The return of striking GM workers helped, but even if that statistical quirk were ignored, the numbers were positive across the board.... Read More
Investors would be hard-pressed to find an asset class that has lost money in 2019.... Read More
In October, equity funds saw their third largest monthly outflow since the financial crisis and their eighth straight monthly outflow.... Read More
China has shed roughly $71 billion of U.S. Treasury securities since the first tariffs were implemented in early 2018. Over the same span, Japan has purchased an additional $86 billion in Treasuries.... Read More
The cost of medical care services, which make up almost 7% of the headline number, has risen 8.82% on a 3-month annualized basis. This marks the largest 3-month annualized increase since January 1991!... Read More
Firms with fewer than 20 employees have been a major driver of job growth since the last recession. They have shed jobs in 5 of the past 6 months.... Read More
Stocks and bonds both enter a favorable seasonal period.... Read More
Monthly fund flows through September 30, 2019... 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 third month running, but the Fed owns almost as much as China and Japan combined.... Read More