Post Recession Bulls

Post Recession Bulls

  The topic of a potential recession, that dreaded “R” word, has been the subject of much discussion lately. Yet, our highlighted chart this week provides some hopeful news, indicating that bull markets generally exhibit strong performance following...
Big Tech Gets Bullish

Big Tech Gets Bullish

  This week’s big news was that the Nasdaq 100 Index—a basket of the 100 largest (mostly tech) stocks traded on the Nasdaq stock exchange—surged into a new bull market on Wednesday. Our featured chart above shows that the tech-heavy index has rallied more...
Lender of Last Resort

Lender of Last Resort

  There’s been a lot of stress in the banking system lately. So much so that recent data published by the Fed showed that a record $152.9 billion was borrowed from the Fed’s discount window last week, surpassing the $111 billion reached during the 2008 financial...
One and Done?

One and Done?

  I’ve got a couple of charts this week showing just how quickly expectations can change in financial markets. The first chart, shown above, compares the market’s expectations for the terminal level of the federal funds rate (green line) vs. the current target...
Persistent

Persistent

  This week’s featured chart shows the year-over-year change in the U.S. Personal Consumption Expenditures Price Index (excluding food and energy). This is a popular measure of core inflation in the economy that the Federal Reserve follows closely. The problem,...