Chart of the Week
U.S. Stocks: Multiple perspectives
The chart shows, between 12/31/2009 and 3/19/2020, the 12-month forward price/earnings ratio of the S&P 500 Index.
Investment Insights - 31/3/2020
Is this Time Really Different?
All crises are inherently different. However, people’s reaction to them is remarkably consistent, and there's no evidence to suggest this has changed.
Update: Treasury Market Liquidity
The Fed's moves to address liquidity issues in the Treasury market appear to be having the intended effect -- but pockets of concern remain.