The Market in Pictures, October 13

by | Oct 13, 2023 | Charts

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence:   Beckham: Earnings estimates show a turn, with the cuts now in the rearview mirror   Data as of...

Markets Finally Believing Higher for Longer

by | Sep 27, 2023 | Blog, Bonds

The recent Fed meeting brought an update to the 2024 median for the Fed Funds rate. It was pushed higher with the top dot now 6.1%, up from 5.9% in June. If growth persists, several FOMC members see the funds going a lot higher than the market expects.   Source:...

The Market in Pictures, September 22

by | Sep 22, 2023 | Blog, Charts

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence:   John Luke: The midpoint of the neutral policy rate hasn’t moved, but a few members have moved their...

The Complexities of Inflation

by | Sep 21, 2023 | Blog, Bonds

We thought the current backdrop provided an opportunity to dive into the basics of inflation. The below analysis will attempt to isolate different types of inflation, and distill our input on where we stand on each in the current cycle. This is a bit “economic” at its...