Sector rotation continues its way. As you can see in the chart below, over the last three months after NVDA results on July, the tech sector has become the laggard, and other sectors such as Utilities and Real Estate have taken the baton and have become the leaders of the S&P500.

By: Gustavo A. Cano

If the Republicans are going to sweep in November (and even if they don’t), we are likely in for a long regime of fiscal expansion (i.e., sustained large deficits), at a time when the Fed and other central banks are no longer swooping in to buy debt.

By: Jurrien Timmer

The Atlanta Fed's GDPNow model estimate for Q3 GDP growth rose to 3.4% from 3.2% on Oct 9, driven by increased consumer spending.

By: Daily Chartbook

Compliments to The FED for propping Stock Market up with TRILLIONS in QE, RRP, BTFP, FHLB, TGA & other Liquidity. Crypto, AI & Tech companies are the instruments for liquidity deployment & orchestrating Crypto & AI mania to lure bagholders.

By: Yelena C.

We just released BlackRock Q4 Global Outlook (link in comments), big picture:

By: Wei Li

IF you could magically conjure up 1.5 million housing units—750,000 for sale and 750,000 for rent—and they all stayed vacant, you'd bring housing vacancy rates back to their historic norms

By: Lance Lambert

Notably, China is the only major equity market down since pandemic (China, US, DM, EM ex-China: white, purple, blue, yellow).

By: Wei Li

The Federal Reserve decided to go big with its first interest rate cut in four years, dropping the Fed Funds Rate by 50 basis points. It also signaled that more cuts are on the way, projecting a further 50 basis point drop by the end of 2024 and another 100 basis point reduction by the end of 2025.

By: Robert Spendlove

"Americans are consuming more capital than they produce. US national net savings by households, businesses and the government have been negative since 1Q23, for only the third time since 1947. The other two times were 2008-11 and 2020."

By: Daily Chartbook

Hard to overstate the effects of this seismic shift on housing demand... Marriages increasingly come later in life, if at all, which is rocking the housing market.

By: CRE Analyst