Monthly fund flows through June 30, 2019... Read More
A look at the size of various markets compared to the U.S. economy.... Read More
The cost of shelter has risen at a rapid pace over the past several months.... Read More
The stronger than expected payroll report pushed the probability of a 50 basis cut to nearly zero. However, the odds of a 25 basis point cut are still close to 100%.... Read More
A look at total returns through June 2019.... Read More
Monthly fund flows through May 31, 2019... Read More
China's forex reserves offer a decent proxy for the country's holdings of U.S. Treasury securities.... Read More
This month, we check back in on the transitory factors that Powell mentioned in his May 1 presser.... Read More
Payrolls rose 75k jobs in May, but an equal number of jobs were revised away from previous months. On this "net" basis, no jobs were added with this month's release. With the exception of a Hurricane Harvey-related month, this is the worst net payroll report in almost nine years.... Read More
A look at total returns through May 2019.... Read More
Fund flows through April 2019.... Read More
As of the end of March, China's ownership of U.S. Treasuries fell to its lowest in nearly two years.... Read More
Rents are rising at their fastest rate in over a decade, but the 'transitory' drop in apparel prices continues to depress headline CPI.... Read More
Total labor is growing at its slowest pace in a year. The bond market likes this news.... Read More
A look at the size of various markets compared to the U.S. economy... Read More
The BLS changed its data collection methodology for apparel prices in March, creating a series break.... Read More
After a close call in February, March marked the 102nd straight month without a negative payroll number.... Read More
Fund flows through February 2019.... Read More
A look at total returns through March 2019.... Read More
Mild inflation might help keep the Fed at bay, but it is only one part of the overall economic picture.... Read More