In this post I look at how bond prices have reacted to recent Fed policy changes
Plan By Numbers Blog
Financial Planning simply illustrated by numbers, at our companion blog written by Denis Smirnov.
What’s the Fed up to These Days?
Fed’s toolkit in fighting inflation – what can they do, what have they done so far, what are they likely to do in the near future.
2021 Review: Economy Edition
Labor market recovered in 2021 and has become very tight. GDP saw a robust increase while inflation hit 40-year high. Housing remained very strong despite rising interest rates.
Let’s Talk About Inflation
If you are a gas guzzler-driving renter with six kids who eats bacon-wrapped steak at every meal, is allergic to vegetables, often stays at hotels and buys another used truck every 6 months, you are screwed. If you are a 65-year old electric car-driving vegetarian homeowner, you are sitting pretty.
2021 Review: Sectors, Stocks & International
In a major change of leadership, energy, real estate and financials had a phenomenal year. On the bottom of the table we have gold miners (gold price dropped in a high inflation year), biotech and internet which slowed down after years of torrid growth.
2021 Review: Significant Events and Major Asset Classes
Reviewing major stories of 2021 and how they affected the major asset class performance
Tucson Monsoon – 2021 Update
After a historically miserable season in 2020, we went to the third best monsoon on record this year with 12.78 inches of rain.
Do Market Fundamentals Support Price Run-Up?
Strong recent returns ARE a combination of earnings growth (expected to remain robust in the next few quarters as shown in Exhibit 2) and investors’ willingness to pay more for each dollar of those earnings (likely helped by Fed policies and lack of attractive alternatives).
What’s Driving The Market This Year?
S&P 500 index is up 19% so far this year, here I dig into the data on what’s driving it and what’s going on under the surface of the index.
2021 Mid-Year Review
S&P 500 has been steadily trending up all year and hasn’t been too far from all-time highs.