Chart of the Week
Cash: Plenty of Dry Powder
The chart shows, as of July 3, 2020, the amount of money in institutional and retail money funds (reported by the Investment Company Institute) as a percentage of the equity market capitalization of the MSCI U.S. Investable Market Index (IMI)
Mid Week Bond Update
U.S. Inflation: Getting to 2%
Since 2012, Fed policy has been to boost core consumer inflation to 2% -- with little success Why does the Fed persist?
Recovery Indicators Update
Economy Finding Firmer Footing
Two positive signal changes re-affirm the overall green signal of the ClearBridge Recovery Dashboard.
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* Morningstar Award 2020©. Copyright 2020 Morningstar, Inc. All rights reserved. Awarded to Legg Mason Western Asset Asian Opportunities Fund (Class A USD Acc) for Category Winner, Best Asia Bond Fund, Hong Kong.