Three items for “Data” today: Topic #1: Today’s US Producer Price Index inflation report, and whether PPI inflation really leads Consumer Price Index inflation. We’ll start with the question of…
Category: Blog
What’s Wrong With US Small Caps?
We are dedicating today’s “Data” section to US small caps because year-to-date returns here are, for lack of a better word, awful. The Russell 2000 is down 11.7 percent so far…
Dollar Strength, Fed Funds Futures, Q1 Earnings Season
Three “Data” items today: Topic #1: The dollar’s continued strength versus the euro, yen, and pound. Consider the following charts: First, here is the US dollar-euro exchange rate over the last…
Hot US Labor Market, Inverted Yield Curve
Two items for our “Data” section today. Topic #1: Friday’s US Employment Situation report was a case study in hot labor markets. Three points on that theme: First, March’s unemployment rate…
Q1 2022 Equity Returns: Results and Comments
We have a wrap-up of global, regional, and country-specific equity market price returns (i.e., not including dividends) for Q1 2022 and over the last 12 months. All the data below reflects…
VIX “Buy” Signals, Fund Flows, US/EU Inflation
Three “Data” items today: Topic #1: US mutual fund and ETF investors (retail and small institutions) continue to buy equities and gold but sell bonds. The data here is from the…