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In both directions. h/t @LanceRoberts
Lance Roberts @LanceRobertsThis is really pretty incredible.
US household holdings of equities and mutual funds reached a record 278% of disposable personal income in the second quarter of 2026, up from just 29% in 1982, amplifying the stock market’s influence on consumer spending and economic activity._________________________
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Monthly Archives: January 2021
Slow vaccination rates threaten recovery expectations
It’s been three weeks since people started getting vaccinated in North America. BMO economists look at the numbers to date in Vaccinations: State of Play and point out that even for the countries that started early, like the US, and … Continue reading
A new trading year brings a new test for the USD and overconfident markets
The most defining force in markets globally since March 2020 has been a falling US dollar, which has boosted the price of risk assets on the opposite end of the global markets teeter-totter. After closing below $92 in late November, … Continue reading
Breath: The New Science of a Lost Art
Breath is one of the most engaging books I have come across in some time. Author James Nestor is a gifted writer that also has an excellent voice if you like audiobooks. Centuries of cultural and scientific studies link mouth … Continue reading
