The Urban-to-Suburban Exodus May Be the Biggest in 50 Years
This “exodus,” as some are already calling it, may end up being among the biggest in U.S. history, or at least the biggest since the 1950s and 60s. A record 27.4 percent of homebuyers sought to move out of their metro areas in the second quarter, according to Redfin data.
Still Looking for Alternatives? How about Real Assets?
Ed Perks and Gene Podkaminer of Franklin Templeton’s Multi-Asset Solutions team discuss the attractions of alternative assets that can offer natural portfolio diversification. Over a longer-term horizon, they continue to believe global stocks have greater performance potential than global bonds, or alternatives, but this outlook will not be reached along a smooth path.
Quality is Missing the Point
I got very excited when I came across an excerpt from Jordan Ellenberg’s book, How Not to Be Wrong. His book was written to teach readers how much logic and common sense is provided by math. He tells the story of Abraham Wald during World War II, who worked for the Statistical Research Group (SRG).
Weekly Gasoline Price Update: Regular and Premium Down
The price of Regular and Premium are down three and two cents, respectively, from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.21 and Mississippi has the cheapest at $1.83. The WTIC end of day spot price closed at 37.26, up 1.4% from last week.
Inflation Outlook Stays Low, National Champions In Favor, Unemployment Rate Surprises
Breakout inflation is not our top concern. Europe explores support for national champions, and the U.S. unemployment rate masks some fragility.
Ivanhoe Set to Begin Production at World's Second-Largest Copper Project
One of our favorite natural resource companies, Ivanhoe has returned more than 146 percent in the past six months alone as investors anticipate the start of production at the Kakula Mine, which has the potential to become the world’s second-largest copper mining complex, with annual output projected to be 800,000 metric tonnes a year.
Inside the Consumer Price Index: August 2020
Let's do some analysis of the Consumer Price Index, the best-known measure of inflation. The Bureau of Labor Statistics (BLS) divides all expenditures into eight categories and assigns a relative size to each. The pie chart illustrates the components of the Consumer Price Index for Urban Consumers, the CPI-U.
Consumer Price Index: August Core at 1.74%
The Bureau of Labor Statistics released the August Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 1.31%, up from 0.99% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 1.74%, up from 1.57% the previous month and below the Fed's 2% PCE target.