Three “Data” items today: #1: With just one day left to go in the third quarter, today we will look at how various investment styles performed in Q3 2021 as…
Month: September 2021
Does Tech Really Trade on Treasury Yields?
“US Tech stocks decline as rates rise.” That was a prominent headline today, and simple valuation math supports the idea: Technology stocks typically have high valuations, which means markets are imputing…
Seasonal Tailwind: Q4 Equity Returns
Today we want to build on our recent seasonal US equity volatility analysis to see what it signals for the S&P 500’s performance in Q4 2021. The S&P was up +20.4…
Q3 Performance Data, Our Q4 Picks
With Q3 2021 ending in 4 days, today we will take an advance look at what worked and didn’t in the third quarter and how asset price returns are shaping…
FOMC Meeting/Powell Presser: By The Numbers
Three thoughts on today’s FOMC meeting and Chair Powell press conference for “Data”: #1: Powell’s comments reminded us of an important fact that doesn’t get enough attention: the Fed is…
Urban Unemployment, Slow RTO, Used Car Inflation
With capital markets a bit calmer today, we’ll update a few important macro topics we have been tracking in recent months. #1: Regional trends in US unemployment. While the national level…