Fundamental Charts can be built off of more than 4,000 metrics and line items, covering 20,000+ securities and 400,000+ economic indicators such as labor statistics, GDP, and more. We source data from Morningstar and S&P Global in addition to mining our own economic indicators and events data. YCharts enables the comparison of multiple securities based on virtually any performance metric or valuation ratio - plus, layer in macroeconomic indicators to show the “why” behind a security’s performance. Go beyond price to chart the fundamental levers that impact performance. Tell a Compelling Story Using Stunning Visuals In an email on Friday, Stephen Kolano, the Massachusetts-based managing director of investments for Integrated Partners, wrote that “the action and commentary of the week frame a picture for markets that the inflationary fight underway between central banks and supply/demand imbalances in the global economy may be more drawn out than originally hoped for coming into 2023.Choose from thousands of securities and metrics to create insightful and comprehensive visuals, add your firm’s logo for marketing distribution, and share your knowledge with clients and prospects. See also: Why these top traders are betting on good inflation news in the months ahead However, more than 40 different Treasury spreads are currently negative, and about half of them were more than 100 basis points below zero as of Friday. This week, Treasury Secretary Janet Yellen told Bloomberg News that, in her view, the odds of a downturn have gone down given the resilience of the labor market at a time when U.S. economy’s ability to dodge a recession has had many doubting the bond market’s predictive powers. should as well.” The 2s/10s spread has remained negative since last July, but the U.S. “The market needs to realize the Fed has to do what it has to do to get inflation under control.” In addition, “we live in an increasingly global world and if major central banks are going to tighten more, that’s going to have an impact on the U.S. You have to buckle in for the longer term: The economic picture is not looking good.” “We’ve seen over the last year that markets have been a bit skeptical that the Fed would follow through with what it says it will do,” Reynolds said via phone. It has a lag time of six to 12 months or beyond, and the economy can take a while to make big turns. The yield curve isn’t a perfect indicator. “The Treasury market is telling us there’s trouble ahead of us on the economic front. and markets “A deeply inverted yield curve means recession risks are on the rise, plain and simple,” said Michael Reynolds, vice president of investment strategy at Glenmede, which oversees around $41 billion in assets from Philadelphia. Read: Global growth outlook deteriorates on central bank rate hikes, raising risks for U.S. Then, on Thursday, central banks in England, Norway, Switzerland and Turkey stepped in with more rate hikes in a reminder that inflation remains a scourge for policy makers around the world, and that global economic growth could be deteriorating. That helped the S&P 500 and Nasdaq Composite log their longest streak of weekly gains in years only a week ago. Sentiment has swung dramatically since last week, when investors initially brushed aside the Federal Reserve’s guidance that two more interest rate hikes would likely be appropriate this year. The longer-term rate ordinarily trades higher than the short-term rate when there’s optimism about the outlook, and lower amid greater pessimism. The deeply inverted spread basically reflects a 10-year yield that finished the New York session on Friday at 3.737%, or a full percentage point below its 2-year counterpart, which was at 4.748%. Investors were in a risk-off mood on Friday, with Treasurys rallying by the most in a week and all three major U.S. It’s at one of its widest levels since early March, a period dominated by fears about Silicon Valley Bank. Was more than minus 100 basis points throughout much of Friday, after having intermittently drifted in and out of that level during the prior session. manufacturing-sector data and a spate of European central bank interest-rate hikes from Thursday. recessions was back in solidly triple-digit negative territory on Friday, as investors absorbed disappointing U.S. One of the bond market’s most reliable gauges of impending U.S.
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