Not So Easy Anymore

Not So Easy Anymore

  It looks like an era of easy money is coming to an end. One of the most visible indications of this is the recent rapid decline in the amount of negative-yielding bonds globally. As you can see on the chart above, the amount now stands around $4.9 trillion,...
Let’s Go Hiking

Let’s Go Hiking

  This week, we’ll take a look at a chart from the interest rate markets: the 1-year forward cash rate. The cash rate (or fed funds rate) is the interest rate that banks charge to lend to each other on an overnight basis. This is the rate that the Federal Reserve...
Throwing It in Reverse

Throwing It in Reverse

    This past Monday, the S&P 500 index gained 0.28%. That seemed like a pretty normal day—nothing to write home about there. However, like a duck frantically kicking its legs under the surface of the pond, the S&P 500 had to stage quite the comeback...
The Year of the ETF

The Year of the ETF

  A lot of money flowed into financial products in 2021, but investors made it clear which investment vehicle they preferred the most: the ETF. As our chart above reveals, ETFs saw a record $880 billion inflow of new money this year, beating the previous record...