VGLT News and Press, Vanguard Long-Term Government Bond ETF From 11/02/22

Summary Halloween is a scary time, and the stock market has experienced a frightening 2022 as well. Given the horrific -19% decline in the stock market (S&P 500 index) this year, arguably much of the current and future dreadful news is already expected and discounted into toda...

Summary Is the Fed ready to consider slowing its pace of rate hikes? Why the Fed will likely stay Hawkish at least for the time being. The Fed is likely to overshoot in its inflation fight for a simple reason: All of its data is backward looking. The U.S. Fed...

Summary Barclays Aggregate is down almost as much as the S&P 500 YTD. As of 10/31/22, the YTD return on high yield is far better than the return on corporate high-grade. There is relative value being created in the various bond market asset classes. Looking at th...

Summary It is no surprise that with a retreat of 10-year Treasury yields off the highs of 4.33%, the stock market had a big rebound last week. When it is up to the bond market to decide what happens to stocks, then it is up to Jerome Powell, who will be delivering his FOMC press c...

Summary Inflation remains high, and the labor market is still very tight. The quits and jobs opening rate from JOLTS shows that openings and quits have fallen in the last few months. The economy may be slowing, but there is still considerable wage pressure adding to inflation....

Summary Most of the media tends to focus on the results of the 30-stock DJIA, which gives you a distinct happy view that this senior index is up +14.40% from its low point, which is in the mid-range for rallies after a sizable decline. A much larger sample found in the S&P 500...

Summary Global bond markets have been rattled in 2022 by central banks’ aggressive policy pivot to address persistent inflation. The Fed is trying to drive economic growth lower and take the pressure off inflation by reducing demand through higher interest rates — an...

Summary The Fed makes a payout to participants who hold reserves and to those parking overnight cash. These were small when rates were zero. As they approach 5% (market discount) they become considerable. They are offset by coupon income from the bond portfolio, but not by eno...

Summary The Fed is going to meet this week and the course of the stock and bond markets, at least for a while, will be determined by what is decided at the FOMC meeting. Household and corporate balance sheets are remarkably liquid. Financials, real estate, and industrials led ...

Summary Unlike the CPI, which came in at 8.2%, the PCE held steady at 6.2% on a year-over-year basis. Prices increased for services from 5.0% to 5.3%, driven by rising housing and transportation services costs. New claims for unemployment insurance released on Thursday, Oct 17...