Insights Investments

Thanks for reading this week’s Charts of the Week This week’s charts cover momentum, unemployment numbers, inflation, and the yield curve. We’ll keep publishing Charts of the Week every Monday. To view this week’s Charts of the Week, click here: Charts of the Week: June 29 – July 2  

Second-quarter bank earnings are around the corner, and expectations are perhaps correctly elevated across the board. Many of the larger firms in the sector may have just seen record-breaking quarters thanks to robust capital markets activities driven by equity issuances. And many of the smaller firms may be benefitting from robust lending and banking activity …

Every so often, the data throws a bit of a curveball at you, and that’s essentially what the June payroll report did. But that’s also a cue to take a step back and focus on the big picture. Right now, the big picture is that the labor market is in fine shape. That’s good for …

As Barry wrote about yesterday, bonds have had a volatile year so far, and the payoff for the volatility we have seen is a barely positive return for the year for the aggregate bond market, including interest. Rates have moved higher across the yield curve, credit spreads have widened slightly, and bonds fell alongside equities …

In Episode 194 of Facts vs Feelings, Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, Chief Macro Strategist at Carson Group, take on the “June swoon” and the powerful market rotation shaking up underlying sector leadership. They analyze insights from Sonu’s time at the Economic Club of New York, covering Scott Bessent’s …

Bonds have made a modest comeback lately as rates have retreated amid slow progress in negotiations with Iran and the start of some movement through the Strait of Hormuz. The 10-year Treasury yield peaked at 4.66% on May 19 and now sits at 4.37%, not far off from the median of 4.29% since the start …

Thanks for reading this week’s Charts of the Week This week’s charts cover momentum, equity issuance, past Fed policy, and the biggest question on everyone’s mind: is this a bubble? We’ll keep publishing Charts of the Week every Monday. To view this week’s Charts of the Week, click here: Charts of the Week: June 22-26

The semi-annual FTSE Russell reconstitution occurs today. This reconstitution welcomes new companies into well-known indices, such as SpaceX into the Russell 1000 index. It also reshuffles companies between value and growth indices, such as Micron and Amazon transitioning in opposite directions. Micron Leaves Value Micron’s business has undergone a fundamental boom, and price momentum has …

A little more than 10 years ago, on June 23 2016, United Kingdom voters went to the polls to vote in a referendum on whether or not to leave the European Union (EU). The next day, it was announced that the UK electorate had voted to leave the EU, 51.8% to 48.2%. The outcome was …

Alan Greenspan died on June 22 at the age of 100, just four days after Kevin Warsh chaired his first meeting of the Federal Open Market Committee. The timing is a coincidence, but a useful one. It bookends roughly forty years of monetary policy and invites a question savers rarely get a clean answer to: …

There I said it, the word “bubble.” To be honest, I don’t know if we’re in the middle of a bubble, and certainly not when it might burst if we are. But I do believe we’ll look back on this period several years from now and recognize it as a bubble. There’s clearly something huge …