We recently discussed how hedge funds, broadly speaking, are having another terrible year.
Getting a little more granular, Tom Brakke put together this (nearly) 3-year chart of three Bloomberg hedge fund indexes against the benchmark they’d be expected to beat. As Brakke says, “Not a pretty picture.”
Here’s how the swoon in oil prices will impact American industries.
July inflation data was slightly better than expected. Both overall and core (ex-food-and-energy) prices increased 0.2% MoM. The headline CPI print marked the first sub-3.0% reading since March 2021.
In the past four years, copper has been a great leading indicator for stocks.
The stock market digested November’s robust gains for much of last week but rallied strongly amid falling bond yields on the last trading day.
