Inertia is a powerful force – and if you’re like most Americans – you’re still earning almost nothing on your cash because if it. According to, the national average yield on savings and money market accounts are currently 0.09% and 0.15% respectively. Many of the largest banks (Bank of America, Chase, Citibank, HSBC, and Wells […]

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The U.S. Unemployment Rate has moved down to 3.9%, its lowest level since December 2000. If you ask the average person on the street what that means for the stock market, they would likely say it’s a bullish sign. What does it actually mean? Let’s take a look… Data Source for all charts/tables herein: FRED, […]

Interest rates are on the rise, at their highest levels in over 4 years. What is that telling us, if anything, about growth and inflation? Let’s take a look… While you often hear commentators suggesting there is a strong relationship between bond yields and the real economy, the evidence seems to be lacking. Since 1930, […]

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The Stock Market Is Not the Economy

U.S. economic growth in the 1st quarter came in at 2.3%, right in line with the average level of the expansion that began in June 2009. As you can see in the chart below, this has been the slowest growth expansion in history. Data Sources for all charts/tables herein: NBER, FRED, Bloomberg, NYU.EDU Has that […]

Our April Market Perspectives Webinar included a discussion of the following research topics: When Cash Is King Inverted Yield Curves and Recessions The Yield Curve and Stock Market Returns What is the Relationship Between Crude Oil and Energy Stocks? How to Think About Unsustainable Returns Current Market Insights and Analysis Click the link below for […]

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