Equity and Treasury markets agree: Expect volatility
The MOVE Index spiked from an elevated level while the VIX moved up, but from a decade-plus low.
Falling equity yields predicting too rosy a scenario?
As the equity premium has declined, stocks may not be compensating investors given today’s macro risks.
Recession or not, equity return backdrop is challenged
Stocks have seen strong year-to-date (YTD) returns, but high valuations portend challenges ahead as this week’s chart shows.
Despite Fed pause, financial conditions tighten further
Despite expectations for a Fed pause, this week’s chart looks at other financial conditions, which have tightened significantly in recent months.
Stock-bond correlation is quickly rising
Stock-bond correlation has been on the rise again. This week’s chart looks at the trend and how it has exacerbated the diversification challenge.
In 2023, the Agg has seen little bounce-back
The Agg has lost steam with three consecutive monthly declines. This week’s chart tracks its monthly returns against the 10-year yield.
