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Private CRE debt offers a hefty yield premium to cash

This week’s chart looks at private CRE debt’s notable yield premium to cash, even as cash yields are elevated.

Small caps show signs of economic stress?

This week’s chart looks at the rising percentage of small cap companies reporting negative earnings as public index returns mostly remain in neutral.

Yield reversal could complicate the Fed’s job

This week’s chart looks at financial conditions, which could undermine the Fed’s attempt to ready markets for a higher-for-longer environment.

Inflation data drives market volatility

As the market remains focused on inflation, this week’s chart looks at S&P returns on days when CPI is released compared to non-release days.

Sentiment and spending fight it out

Consumer sentiment and spending are telling two different stories, which could lead to differing economic outlooks.

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.

Strong dollar costs stocks

This week’s chart looks at how recent dollar strength could test an already-challenged equity market.

A focus on duration amid the nonstop rise in rates

This week’s chart looks at high yield bonds’ limited duration profile compared to investment grade bonds.

The Agg headed for a third consecutive annual decline?

This week’s chart looks at the Agg’s recent performance as rising rates provide a formidable headwind for core fixed income.

Concentrated equity market persists in 2023

This week’s chart looks at the massive divide between year-to-date returns on the Big 7 tech stocks and the rest of the S&P 500.
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