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Monthly Market Compass: Better Times Are Coming

The Economic Struggle “Never confuse a single defeat with a final defeat.” — F. Scott Fitzgerald The economic struggles in our country are among the worst we’ve ever seen. In April, a record 20 million people lost their jobs, and 36 million people have filed for unemployment since the COVID-19 pandemic struck in mid-March. Record […]

by Garrett Kunz
May 29, 2020
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Corporate Bond Spreads Decline as Fed Increases ETF Purchases

Fed Increases Bond ETF Purchases The Federal Reserve (Fed) increased its bond exchange-traded funds (ETF) purchases in the week ending May 20 (the most recent data available), adding another $1.5 billion in bond ETFs to its balance sheet, bringing the total holding to $1.8 billion. With Fed purchases accelerating, the average investment-grade corporate bond spread […]

by Garrett Kunz
May 27, 2020
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Leading Economic Indicators Signal Potential Boom

Leading Economic Index Data Leading economic indicators are signaling that the pace of economic deterioration may be slowing. As shown in the LPL Chart of the Day, the Conference Board’s Leading Economic Index (LEI), a composite of leading data series, fell 4.4% month over month in April. While this is an undeniably abysmal reading, it is […]

by Garrett Kunz
May 26, 2020