Trouble Across the Pond

Trouble Across the Pond

  We’ve discussed how inflation seems to be moving in the right direction here in the U.S. But across the pond, things look more worrisome. The U.K. has the worst inflation problem of any major developed county, and last month, it got worse. As our featured chart...
Back in Black

Back in Black

  The stock market has been on quite the roller coaster ride since the Fed first started hiking rates last year to fight inflation. But, as our featured chart this week shows, the S&P 500 is finally back in the black for the first time since it originally...
Narrow Leadership

Narrow Leadership

  We find ourselves in yet another tale of two markets this year. The tech-heavy Nasdaq is up nearly 30% year-to-date, whereas the blue-chip-heavy Dow was flat through May—the widest spread in nearly 40 years. Another way to view how narrow this market rally has...
Wait and See

Wait and See

  Inflation has been a thorn in the side of investors for a while now. But the good news is that we recently hit a major milestone in the fight against inflation. As our featured chart of the week above shows, the fed funds rate—the rate controlled by the Federal...
Running on Empty

Running on Empty

  The clock is ticking for the U.S. government’s finances. As our featured chart above shows, Uncle Sam’s checking account—something known as the Treasury General Account—is quickly shrinking. This week’s latest update showed the balance dropping to less than $50...
Sluggish

Sluggish

Sluggish growth continues to plague the U.S. economy. Retail sales and industrial production, both of which are strongly correlated with economic growth, came in unusually weak last month. The year-over-year change in retail sales, shown below, rose just 0.5% in...