public Fiscal Policy • 2 min read The Blob Keeps Growing. So Why Aren't Bond Yields Soaring? The federal deficit narrowed a bit to $1.63 trillion over the 12 months through April (chart). However, over the…
public Market Call • 2 min read Market Call: Loop-The-Loop Keep your seat belts on: There may be a few more loop-the-loops in the stock market's rollercoaster ride.…
paid Fed • 2 min read Hawks Fly Higher For Longer Than Doves It's official: Fed Chair Jerome Powell confirmed today that he and his colleagues aren't convinced that…
public Stock Market • 1 min read Dr Ed's Market Calls .... as reported in the financial press We are often asked about our track record in predicting the economy and financial markets. In response, we've…
paid Bond Market • 2 min read Fairy Godmother Of The Bond Market When Janet Yellen was Fed chair from 2014 to 2018, we often referred to her as the “Fairy Godmother of…
paid Bond Market • 1 min read Bonds Yields Down On Weak Goods Economy Bond yields continued to fall today on December's weak manufacturing regional surveys conducted by five of the 12…
public Bond Market • 2 min read Beige Book Paints Beige Economic Picture The bond market liked today's Beige Book, the collection of regional surveys of economic activity conducted by each…
paid Fed • 2 min read Loose Fed Lips Sink Yields Not much happened in the stock market today even though the 10-year bond yield fell to 4.34% from a…
paid Bond Market • 2 min read Powell Is Still Calling The Shots The bid-to-cover ratio is the dollar value of bids compared with the dollar value of debt offered. Falling bid-to-cover ratios…
paid S&P 500 • 2 min read Strikes and Shutdowns and Bond Yields, Oh My! The stock market held up surprisingly well today under the circumstances: The UAW strike is shutting down more auto production.…