IVOL News and Press, Quadratic Interest Rate Volatility and Inflation Hedge From 08/09/21

The New Normal looks a lot like the Old Normal in that it is unknown and ever changing. All we can do is observe the present with clear eyes. For now, the economic outlook is still pretty good. It isn’t the boom everyone was expecting a few months ago, and it probably wonȁ...

If you are looking for a snapshot as to why there is so much to this “growth scare” and rising deflationary potential (record stocks, though), outside recent labor market data you’d be hard-pressed to do better than US trade statistics. We can see already the disc...

The past week has been a story of stagflation infecting the US economy while the stock market grimaces as the Fed expresses the need to start a gradual pullout from economic stimulus much sooner or face a rapid pullout a little later. Rapid inflation pounds away at the producer side i...

Just because prices are going up doesn’t mean that inflation is. Inflation, after all, is the rate at which prices are advancing, not the fact that prices are rising in themselves. It makes no sense to claim that transitory includes all versions of the world in which inflation ...

Saying inflation expectations are "well anchored" makes it sound like they can't easily change. The reality is people expect inflation about like the current inflation. Inflation can get into positive feedback loops that are very hard, or impossible, to control. The central banker...

Strategas Policy expert Dan Clifton takes us through the packed calendar for 2H21 in Washington. Dan hits on outlook and ramifications for infrastructure spend, tax hikes, inflation, debt ceiling, and more. More Americans are now worried about inflation than unemployment - a sea c...

We don’t know for sure what the direction of interest rates will be, but they are likely to remain very low or at the present levels. Also, inflation indicators are mixed, and arguments can be made for a rising inflation trajectory that will ultimately lead to higher interest r...

The Federal Reserve left monetary policy unchanged, but there is a subtle yet significant change in the language that hints we are on the path toward a tapering of the Fed’s QE asset purchases. That’s not to say we are going to see an imminent taper. US employment levels...

Fed keeps key interest rate steady. Fed now at least talking about tapering large-scale asset purchases. Marple: ongoing pandemic is at least as much of a supply shock as a demand one. For further details see: Fed Holds On Rates, But Says Economy Making Progress Despite ...

The Dow Jones Industrial Average was down nearly 1000 points at the low Monday and closed down 725, a loss of a little over 2%. The S&P 500 did a little better but closed down 1.5%. The markets rose through the rest of the week and ended on a high note. So, you got your chance to ...