Stock Bond Correlation Changes Aren’t Concerning
…and -0.5 (the higher line with the bigger hook). I used 0.5 and -0.5 because those are the ranges from the chart above. I could have made the second chart…
…and -0.5 (the higher line with the bigger hook). I used 0.5 and -0.5 because those are the ranges from the chart above. I could have made the second chart…
…spot before SVBs failure because of their dual mandate: stable prices and maximum sustainable employment. The Fed wanted to make sure that inflation was truly slayed and reduce the risk…
…I’ve compared it to the S&P 500 in gray since that’s what we all anchor around (rightly or wrongly). But there’s a third line, in orange, that shows what we…
I’ve written about David Swensen and the Yale Endowment several times over the years (here and here, for example) because i find both fascinating. I first learned about Swensen in…
Market risks often come from the most unexpected places. Last week, a possible economic meltdown in Turkey rattled global markets. I wouldn’t have guessed that as recently as a week…
On February 5th, Jerome ‘Jay’ Powell was sworn in as the 16th Chairman of the Federal Reserve, following Janet Yellen, who served one term starting in 2014. Powell’s first day…
…crisis high of just of a year of supply. Home prices have also turned up nicely in the last year according to the Case-Shiller 20-City home price composite. This data…
…are tied to other interest rates like LIBOR plus 0.25 percent. Well, if LIBOR goes to -0.75 percent, that means that the rate on the mortgage is -0.50 percent so…
…that it bought in the past to avoid capital gains, in the way that Buffett swapped out shares of PG. Some Buffett critics have come out complaining that his swap…
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