Rising wages and climbing energy costs are beginning to show up in the data and corporate margins have shown significant improvement post Q1. In other news, BBB type credit is a growing component of the global investment-grade indices which is likely going undetected by many investors. Another chart in today's' post points to the socioeconomic trends of aging populations.
1. The U.S. is not the only country that needs to deal with an aging population.
Source: WSJ Daily Shot; As of 5/1/18
2. I'm willing to bet the average bond investor has no idea...
Source: Bloomberg; As of 5/1/18
3. Higher productivity, accounting, or Houdini?
Source: WSJ Daily Shot; As of 5/1/18
4. Rising wages and energy costs are beginning to show up in the hard data...
Source: WSJ Daily Shot; As of 5/1/18
5. So far these costs are not being passed through to the consumer...which begs the question about future earnings turning lower.
Source: WSJ Daily Shot; As of 5/2/18
6. The Fed's favorite inflation gauge, the PCE, is spot on their 2% target for inflation. Where does it go from here?
Source: WSJ Daily Shot; As of 4/30/18
7. More disappointing news for the U.S. farmer.
Source: WSJ Daily Shot; As of 5/2/18
8. Washington, D.C. has some work to do...
Source: WSJ Daily Shot; As of 5/2/18
BCM's Portfolio Manager expands upon the chart above discussing gross financing needs and the fear of what the future may bring with the FED on Bloomberg Radio. Click below to listen!
Disclosure: The charts and info-graphics contained in this blog are typically based on data obtained from 3rd parties and are believed to be accurate. The commentary included is the opinion of the author and subject to change at any time. Any reference to specific securities or investments are for illustrative purposes only and are not intended as investment advice nor are a recommendation to take any action. Individual securities mentioned may be held in client accounts.
