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Archives by Year:
Q2 2024 Active Management Review: Momentum Keeps Rolling
Image Source: Pixabay The Momentum factor picked up where it left off at the end of the first quarter, turning in another standout performance in the April-through-June timeframe and ending the second quarter as the factor most relevant to positive performance. Momentum benefited from continued optimism in markets that inflation is coming under control and that the U.S. […]
Top ETF Expert Reveals 4 Powerful Macro Trends Driving Markets Through 2025
Image Source: Pexels I often emphasize that the most useful people to interview are asset managers.Because they don’t have the luxury of merely having an opinion on the road ahead — they have to commit capital to their convictions, and be judged upon the results.Today we have the great fortune of being joined by one of […]
CBO: Budgetary And GDP Implications Of The Immigration Surge
From CBO report released yesterday.The budget deficit would’ve been larger in the absence of the surge: Figure 1: Baseline Federal budget balance to GDP ratio (blue) and counterfactual without immigration surge (tan), both by fiscal year. The 2023 observation is actual. Source: CBO Budget and Economic Outlook update (June), and CBO report, and author’s calculations.Nominal GDP would’ve been smaller […]
Supply/Demand Concerns In U.S. Housing
Existing TrendsExisting home sales fell 5.4% MoM in June, more than the 3.2% MoM decline expected by analysts. As shown in the top left chart below, that sales drop takes the market back almost to the lows from 2023 in volume terms.Back then, inventories were much lower than they currently are. In fact, the number […]
MCO: Is This Warren Buffett Stock A Buy After Q2 Earnings Beat?
Image Source: Pexels One of Warren Buffett’s favorite stocks, Moody’s (NYSE: MCO), enjoyed a substantial rise on Tuesday after reporting its second-quarter earnings results.The leading credit ratings agency beat consensus revenue and earnings estimates and had strong year-over-year gains in the quarter. Revenue climbed 22% year-over-year to $1.8 billion while net income soared 46% to $552 million, or $3.03 […]
Turkish Lira And Stocks Tumble Amid Global Tech Woes And Political Uncertainty
Photo by Omid Armin on Unsplash Global markets faced turbulence on Wednesday, with Turkish assets experiencing significant declines amid a backdrop of international economic concerns.The Turkish lira dropped to 32.82 against the US dollar, while the BIST 100 index, Turkey’s primary stock benchmark, fell by 0.74%. These movements reflect growing instability in emerging markets, exacerbated by ongoing domestic political […]
Bank Of Canada Is Not Afraid Of Diverging From The Fed
The BoC cut rates by 25bp to 4.50% and signalled more cuts are likely on the way. The BoC-Fed policy rate gap is at the widest since 2007 (100bp) and markets are doubting a September cut probably for this reason. However, Governor Macklem has sounded relaxed on Fed decoupling, so a September move is clearly […]
Intercontinental Exchange Inc. Chart Analysis
Image Source: Unsplash Bob Lang gives a technical analysis of the stock chart for ICE.Audio Length: 00:02:27More By This Author:Trading Is Boring – Here’s How To Survive 2-Year US Treasury Yield Chart Analysis High Implied Volatility Ahead Of Earnings Season
7%+ Mortgages Weigh On New Home Sales
Now that we have new as well as existing home sales, let’s take a little more extended look at the housing sector.Let me start by reiterating the big picture: mortgage rates lead sales, which in turn lead prices. Further, new home sales are the most leading of all housing metrics, but they are noisy and […]
Google, DHL Sign Deal To Use SAF For Global Shipping
Image Source: Pixabay Logistics giant DHL and Google announced today the launch of a new partnership, with Google utilizing the DHL GoGreen Plus service and investing in sustainable aviation fuel to help reduce its emissions from air logistic transportation across the Americas, Asia, and Europe.DHL’s GoGreen service provides shippers with the option of climate-neutral shipping through […]
