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Political Bias and Market Performance: Separating Emotion from Strategy

It’s common for investors to link their views on the stock market’s future to how much they like—or align with—a particular president. However, the data suggests otherwise. When we break down presidencies based on their average Gallup approval ratings, an interesting pattern emerges: the four most popular presidents saw average annualized stock market returns of […]
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But What Changed – September 2024

Irritable Powell Syndrome After months of speculation, Fed chair Jerome Powell and the FOMC cut rates 50 basis points and indicated that more easing was to come. This was widely cheered by many who have been sitting on the sidelines waiting to buy a house thinking the cut by the Fed would reduce mortgages rates. […]
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Exploring the Link Between 10-Year Treasury Yields and 30-Year Mortgage Rates

Yesterday, I discussed how 10-Year Treasury yields respond to the initial rate cut in a Fed easing cycle and its impact on consumers. Today, let’s take a deeper look at the connection between 10-year yields and 30-year mortgage rates following the beginning of a Fed easing cycle. Historically, the median change in longer-duration Treasury yields […]
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Gold’s Performance and Rate Cuts

Investors and speculators alike are increasingly turning their attention to gold—and for good reason. Over the past two years, gold has surged by over 40%, outperforming even the S&P 500. Often viewed as both an inflation hedge and a safe haven during geopolitical uncertainty, gold continues to make it’s case for inclusion in investor’s portfolios. […]
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Small Business Optimism Continues to Rise

This morning, the National Federation of Independent Business (NFIB) released their latest Small Business Optimism Index results, showing a rise of over 2 points to 93.7—surpassing consensus expectations and marking the highest level since February 2022. Small businesses are the backbone of job creation in the United States and are vital to our overall economy. […]
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Insights on the Recent Surge in the VIX

Yesterday, we witnessed a historical spike in the VIX, often referred to as the “Fear Gauge.” This index, which measures market expectations of near-term volatility in the S&P 500, recorded its second-largest one-day percentage increase in history. The only day with a larger spike since the index’s inception was February 5, 2018, when the S&P […]
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