Shelter costs, which have been the sleeping giant in the inflation debate, are beginning to reflect higher rents across the U.S.... Read More
There are still over 6 million fewer jobs in the U.S. than there were prior to the pandemic. Despite solid gains in leisure and hospitality jobs the past few months, the industry is still over 2 million jobs below pre-pandemic levels.... Read More
Recently we have looked at some of the impressive monthly or YTD returns in stocks, bonds, commodities and currencies. This month we take a step back to see how these huge swings have affected returns over a longer timeline.... Read More
Active equity funds continue to charge 10x the fees of passive equity funds.... Read More
The Fed's holdings of Treasury securities continues to grow and remains larger than all other central banks' holdings combined.... Read More
Transitory categories such as airline fares and used cars and trucks posted huge price increases again in May. More importantly, shelter costs may be coming out of their slumber.... Read More
There are still over 7 million fewer jobs in the U.S. than there were prior to the pandemic. Despite solid gains in leisure and hospitality jobs the past few months, the industry is still over 2 million jobs below pre-pandemic levels.... Read More
Several unrelated commodities moved higher in May as investors continued to debate the likelihood of sustained inflation.... Read More
Despite stocks massively outperforming bonds since QE began in 2009, bond funds have seen much larger inflows.... Read More
Foreigners bought a record $118.79 billion in U.S. Treasuries in March. China led the charge.... Read More
Core CPI rose 0.92% month-over-month, its fastest monthly increase since 1981.... Read More
Today's payrolls release produced the biggest downside miss on record, with economists overestimating the number of jobs created in April by 734,000.... Read More
Since 1973, commodity total returns have never seen a better start to the year.... Read More
Equity funds saw a record $74.4 billion in inflows in March.... Read More
A look at the size of various markets compared to the U.S. economy... Read More
Foreigners sold a record $682 billion of Treasuries in the year ending February 2021.... Read More
With base effects taking hold of the year-over-year inflation reading, we offer some perspective on what the next couple months may hold for both CPI and core CPI.... Read More
The first quarter of 2021 has been one for the record books on the fixed income side. With 10-year yields rising roughly 83 basis points in the U.S., fixed income suffered its worst quarter from a total return standpoint in over four decades.... Read More
Inflows into equity ETFs outpaced outflows from equity mutual funds in February, resulting in one of the largest monthly inflows into stocks on record.... Read More
Although foreigners have added to their Treasury holdings since the pandemic started, they now own a smaller share of the market thanks to the Fed's massive purchases.... Read More