Chart of the day
Long-term rates have been trending up since 2003. This has important implications for real estate, the stock market, and the US economy. For some perspective, today's chart illustrates the long-term trend for the 10-year T-bond yield. While the 10-year yield has been working its way up, the yield still remains within the confines of its long-term downtrend
The stock market is about to enter what has historically been the weakest half of the year. Today's chart illustrates that investing in the S&P 500 during the six months of November through April accounted for the vast majority of S&P 500 gains since 1950. While the May through October period has seen mild gains during major bull markets (i.e. 1950-56 & 1982-97), the overall out performance during the months of November through April is nevertheless compelling. Hence the saying, "sell in May and walk away."
Visa sida
Ogilla! 6
Gilla!
Today, the price of a barrel of crude oil rose to $72.49 intraday before closing at $71.95 as geopolitical tensions continue and oil suppliers struggle to keep up with demand. With oil prices rising, it is not all that surprising to find that gasoline prices are following suit. Over the last seven weeks, the average US price for a gallon of unleaded has shot up 52 cents per gallon. When adjusted for inflation, gasoline prices are not far off the inflation-adjusted peak of $3.18 that occurred back in 1981.