Been waiting for a while. Either the mean reversion is overdue by a dozen years, or "this time is different." But this time is not different; it never is.

By: Daniel Peris

I'm old enough to remember when The Wall Street Journal said that gold was losing its reserve status in September 2022.

By: Otavio (Tavi) Costa

While a few rate cuts seem appropriate (per the Fed’s own estimates), the market’s earlier expectations for 6-7 rate cuts are getting unwound. As of last week, the forward curve is pricing in a 3.7% fed funds rate in 2025. Even that seems too low, but it’s better than the low-3’s priced in at the beginning of the year.

By: Jurrien Timmer

Goldman's equity positioning indicator surged over the past week to the highest since March 2021.

By: Daily Chartbook

As a % of total personal income, dividends now outweigh interest 

By: Liz Ann Sonders

Fed futures are officially pricing in less than 50% odds of June rate cut.

With hot CPI and job prints, the market is now pricing in way fewer Fed cuts.

By: Hank Rainey

NVIDIA and Bitcoin seem locked in a fierce battle, each striving to become the most coveted route to riches for ordinary investors. Fuelled by "animal spirits," enthusiastic investors are writing a rosy narratives for both and their futures. What do you think?

By: James Eagle

"Home builder confidence climbed three points to 51 in March … It marks the fourth consecutive monthly gain and the first time that the sentiment level has surpassed the breakeven point of 50 since last July."

By: Daily Chartbook

Blue is the ETF $TQQQ, 3x leveraged QQQ

Orange is the price of Bitcoin.

By: James Bianco

Brilliant chart by the wonderful folks at Longview Economics showing the Top 10 stocks as a share of global market cap (%).

By: Charles-Henry Monchau, CFA, CMT, CAIA