March 20, 2025
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


November 15, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


October 15, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


September 17, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


August 15, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


July 15, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


June 14, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


June 7, 2024
Annual Fixed-Income Performance


Examining How Different Bond ETFs Have Performed Historically

Tags: AGG, Bonds, Credit, ETFs, Fixed-Income, HYG, IEF, IEI, Investment Grade, LQD, Rates, SHV, SHY, TLH, TLT, Treasury Bonds


May 15, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


May 14, 2024
How Good Have Recent US Treasury Auctions Been?


Looking At The Most Recent Auction By Tenor

Tags: Auction, Bid-to-Coverage Ratio, Bills, Bonds, Direct Bids, Indirect Bids, Notes, Price Tail, US Treasury


May 13, 2024
Grading US Treasury Auctions


A Systematic Approach

Tags: Auction, Bid-to-Coverage Ratio, Bills, Bonds, Direct Bids, Indirect Bids, Notes, Price Tail, US Treasury


April 15, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


March 25, 2024
Are Bitcoin ETF Managers Doing A Good Job (Part 1)?


Taking a look at how closely the new ETFs track Bitcoin

Tags: ARK, ARKB, BITB, BRRR, BTCO, BTCW, Beta, Bitcoin, Bitwise, Drawdown, ETFs, EZBC, FBTC, Fidelity, Franklin Templeton, GBTC, Grayscale, HODL, IBIT, Invesco, Tracking Error, Valkyrie, VanEck, WisdomTree, iShares


March 18, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


March 12, 2024
Diversifying Return Stacked Allocations (Part 3)


So You Have Chosen Your Return Stacked Asset Classes. Now What?

Tags: Bonds, Diversification, ETFs, Return Stacking, Stocks, Trend Following


March 3, 2024
Diversifying Return Stacked Allocations (Part 2)


So You Have Chosen Your Return Stacked Asset Classes. Now What?

Tags: Bonds, Diversification, ETFs, Return Stacking, Trend Following


February 20, 2024
Diversifying Return Stacked Allocations (Part 1)


So You Have Chosen Your Return Stacked Asset Classes. Now What?

Tags: Bonds, Diversification, ETFs, Return Stacking, Trend Following


February 16, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


February 9, 2024
Papers We Read This Week


Three articles discussing machine learning applied to the yield curve

Tags: Credit Growth, Fnancial Crises, Fnancial Stability, LightGBM, Machine Learning, Machine Learning, Neural Networks, Probit, Random Forest, Recession, Recession Forecasting, SSRN, Shapley Values, Support Vector Machine, Tree ensemble, XGBoost, Yield Curve


January 17, 2024
US Treasury Auction (Ex Post)


Evaluating the Health of Yesterday's US Treasury Auction

Tags: Auction, Bid to Coverage Ratio, Bills, Bonds, Notes, US Treasury


January 17, 2024
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


January 16, 2024
US Treasury Auction (Ex Ante)


Evaluating the Health of Today's US Treasury Auction

Tags: Auction, Bid to Coverage Ratio, Bills, Bonds, Notes, US Treasury


January 16, 2024
Asset Returns During Various Yield Curve Regimes


Which Asset Classes Perform Well in the Months Following a Bear Steepener?

Tags: Bear Steepener, Bonds, ETFs, Equities, GICS, Yield Curve


January 15, 2024
Does The Yield Curve Follow a Cycle?


A simple study to determine if the yield curve actually follows a somewhat predictable cycle.

Tags: Bear Steepener, Economic Cycle, Yield Curve


January 12, 2024
US Treasury Auction (Ex Post)


Evaluating the Health of Yesterday's US Treasury Auction

Tags: Auction, Bid to Coverage Ratio, Bills, Bonds, Notes, US Treasury


January 11, 2024
US Treasury Auction (Ex Ante)


Evaluating the Health of Today's US Treasury Auction

Tags: Auction, Bid to Coverage Ratio, Bills, Bonds, Notes, US Treasury


January 9, 2024
Treasury Auction Liquidity


Monitoring US Treasury Auctions and Issuance to Estimate Security Liquidity

Tags: Auction, Bid to Coverage Ratio, Bills, Bonds, Cash Management Bills (CMB), Floating Rate Notes (FRN), Notes, Treasury Inflation Protected Securities (TIPS), US Treasury


December 16, 2023
Monthly 60/40 Equilibrium


What do current market movements in stocks and bonds have to say about 60/40 fund weights?

Tags: 60/40, Bonds, ETFs, SPY, Stocks, TLT


December 11, 2023
Is Gold a Stock-Bond Diversifier (Part 3)?


Does adding gold to traditional stock-bond portfolios provide diversification? The answer is it (still) depends.

Tags: Bonds, Correlation, Diversification, ETFs, GLD, Gold, IEF, IEI, SHY, SPY, Stocks, TLH, TLT


November 12, 2023
Is Gold a Stock-Bond Diversifier (Part 2)?


Does adding gold to traditional stock-bond portfolios provide diversification? The answer is it depends.

Tags: Bond Beta, Bonds, Diversification, ETFs, GLD, Gold, IEF, IEI, SHV, SHY, SPY, Stock Beta, Stocks, TLH, TLT


November 10, 2023
Things We Read This Week


A curated collection of informative reads.

Tags: Do Stocks Outperform Treasury Bills, Mutual Fund Performance at Long Horizons


October 18, 2023
Is Gold a Stock-Bond Diversifier?


Does adding gold to traditional stock bond portfolios provide diversification? The answer is it depends.

Tags: Bond Beta, Bonds, Diversification, ETFs, GLD, Gold, IEF, SPY, Stock Beta, Stocks, TLT


October 17, 2023
Things We Read This Week


A curated collection of informative reads.

Tags: Industry Classification/Concentration & Expected Stock Returns, Interest Rate Sensitivity in Stock Returns, The State of VC in 2023


October 16, 2023
Adding Resilience To 60-40 Portfolios


How can we complement traditional 60-40 portfolios with alternative sources of return that provide diversification?

Tags: 60-40 Portfolios, Alternatives, Bond Beta, Bonds, ETFs, GICS, Government Bonds, Stock Beta, Stocks, Yield Curve


October 11, 2023
Differences in Equity Sector and Government Bond Comovement


In light of recent setbacks for 60-40 funds it interesting to examine the differences in comovements between equity sectors and government bonds.

Tags: 60-40 Portfolios, Bond Beta, Bonds, ETFs, GICS, Government Bonds, Stock Beta, Stocks, Yield Curve


September 14, 2023
Articles We Read This Week


A curated collection of informative articles from the interwebs!

Tags: Gold, Momentum, Trend, Value, Yield Curve


September 9, 2023
Examining Yield Curve Similarity (Part 2)


Revisiting different interest rate regimes.

Tags: Bear Steepener, Interest Rate Environments, Principal Component Analysis, Yield Curve


September 6, 2023
Papers We Read This Week


A curated list of journal articles relevant to the capital markets, interest rates, etc.

Tags: SSRN, Term Structure, Volatility, Yield Curve


September 5, 2023
Examining Yield Curve Similarity (Part 1)


How to discover similar interest rate environments?

Tags: Distance Metrics, Interest Rate environments, Manhattan Distance, Yield Curve


August 15, 2023
The Importance of the US Treasury Yield Curve


Learn why the Yield Curve is important to the economy and capital markets.

Tags: Interest Rates, Recession, Yield Curve


August 11, 2023
Bears, Bulls, Steepeners, Flatteners, Oh My!


The level and slope of the yield curve are indicative of different interest rate regimes.

Tags: Bear Flattener, Bear Steepener, Bull Flattener, Bull Steepener, Yield Curve