Expected Fed Funds Rate as of June 1, 2019 Traders are pricing in two full cuts in the fed funds target before the end of 2019. Fed funds futures for January 2020 imply an expected…

Distribution of Forward Returns by 200MA Slope This great chart shows the distribution of forward returns when the slope of S&P 500’s 200-day moving average is lower, flat or higher. Image: Ritholtz Wealth Management

The Fed Fund Futures Market Is Pricing Three Rate Cuts Over the Next 12 Months According to CME Group, the Fed fund futures market is pricing three rate cuts over the next 12 months. You…

Gold Reserves Around the World The U.S. has the world’s largest gold reserves, followed by Germany, the International Monetary Fund (IMF) and France. Image: howmuch.net Click the Image to Enlarge

Historically, June is One of the Weakest Months of the Year for US Stocks since 1950 The chart shows the S&P 500 Index average monthly returns. Since 1950, and over the past 10 & 20…

Markets Have Accurately Priced in Cuts before Easing Cycles Begin Orange lines mark days when markets priced in a rate cut. In recent history, it occurs between 33 and 281 business days before fed cut.…

Money-Market Funds Flows Over the last 4 weeks, money-market funds have seen a significant inflow of nearly $95 billion. That’s much more larger than in previous years. Image: Deutsche Bank Asset Allocation

US Yield Curve Inversions since 1966 Currently, investors are concerned about yield curve inversions, because they have been a indicator of a coming recession. But not all inversions are the same. If the yield curve…

The Ability of U.S. Companies to Service their Debt is Good In recent history, this chart suggests that poor ability of U.S. companies to service their debt leads to recession. That’s not the case today.…

The Poorest and Wealthiest County in Every U.S. State This graphic shows that there is wide disparity between rich and poor counties. Picture Source: Visual Capitalist

Leading Indicators Show Growth Is Slowing, But Is Still Positive Since 1970, the Leading Economic Index has turned negative year-over-year, on average 14 months before all recessions. U.S. growth is slowing, but the current LEI…