Not Done Yet

Not Done Yet

  Generally, coming out of a recession like we experienced last year, the industries or sectors that are more sensitive to economic growth—Industrials, Consumer Discretionary, Materials, Information Technology, and Financials—tend to perform better than the...
Slicing the Pie

Slicing the Pie

  This week’s featured chart looks at how American households are slicing up their economic pie or total wealth. Using data from the Federal Reserve, we break down the overall wealth of American households into four major categories: stocks, real estate, cash,...
Fat Tails

Fat Tails

  The week’s featured chart shows the Cboe SKEW Index, an option-based indicator that reflects the “cost” of protection against tail risk in the S&P 500 stock index. Broadly speaking, tail risk refers to an event with a small probability of happening. If you...
Then and Now

Then and Now

  This week’s featured chart shows the performance of the S&P 500 stock index around the start of new cyclical bull markets. There have been 15 new cyclical bull markets (including the current one) over the past 50 years. Each line on the chart represents the...