The Market in Pictures, August 19

by | Aug 19, 2022 | 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 fill the puzzle of evidence:   Derek: We’ve had quite a bounce in equities since mid-June, how does it compare to previous bear market rallies...

Who is Wrong About Rates?

by | Aug 4, 2022 | Blog, Bonds

Another Sizable Hike   The Fed raised its policy rate by 75 bps as expected, which according to Chairman Powell brings the Fed Funds target range back to “neutral”. Powell indicated decisions moving forward would be data dependent. Following the market responses...

The Market in Pictures, July 29

by | Jul 29, 2022 | Blog, Charts

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why:   Dave: The start of earnings season was a story of “not bad”, with lower price movement than usual for both hits and misses…   Source:...

Can the Fed Really Pivot?

by | Jul 20, 2022 | Blog, Bonds

Another Month, Another (BIG) Hike. Next Wednesday, July 27th, the Fed is expected to hike 75bps and bring their overnight target up to the FOMC’s consensus neutral rate of 2.5%. We believe that more hikes will be needed to tame inflation, which helps explain why...

The Market in Pictures, July 15

by | Jul 15, 2022 | Blog, Charts

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why:   JL: History would indicate that the end of Fed tightening is a ways off   Data as of 07.06.22     Dave: Q2 earnings results may hold the...