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Cory’s Chart Corner
In both directions. h/t @LanceRoberts
This 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.
Category Archives: Main Page
Yield curve signals recession in 2024
The US 10-year Treasury yield has been below the 3-month yield since November 2022 (14 months and counting). This rare yield ‘inversion’ has preceded each recession (grey bars) since 1982, with no false signals. As usual, equity bulls perpetually bet … Continue reading
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Canadian home prices and rents amid much needed mean-reversion
Canadian home prices are retreating. In previously hot areas, properties are selling up to 20% below 2022 prices, but nationally, the average sale price was just -11.4% in the latest quarter. After an outrageous 59% average price increase nationally between … Continue reading
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DoubleLine markets outlook 2024
The first 57 minutes of this presentation are a worthwhile macro overview. (The final 17 minutes are a micro dive into individual debt types for US investors and less accessible for Canadians and lay people). In his annual “Just Markets” … Continue reading
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