Credit Spreads on High-Quality U.S. Corporates

Credit Spreads on High-Quality U.S. Corporates Credit spreads on high-quality U.S. corporates are widening and are flashing a warning sign for markets. Image: Gavekal, Macrobond

Rates and Equity Volatility (VIX)

Rates and Equity Volatility (VIX) This chart highlights the significant and sudden spike in rates and equity volatility at 2008/2009 levels. Image: Deutsche Bank Global Research

Central Bank Target Rates

Central Bank Target Rates Who will be the next central bank to cut interest rates? Central banks have cut -3,147 basis points over the past year. Image: Arbor Research & Trading LLC

Central Banks Policy Rates

Central Banks Policy Rates The Fed has more room than most other central banks in developed economies to cut further. Image: Financial Times

U.S. Credit Card Delinquency Rates (Debt)

U.S. Credit Card Delinquency Rates (Debt) This chart suggests that the U.S. banking system is divided in two groups: small banks accept high credit risks, while large banks reject high credit risks. Image: Wolf Street Corp.

U.S. Rates and Yield Curve

U.S. Rates and Yield Curve The inverted 10Y-3M yield curve suggests that monetary policy is becoming too tight. Image: Fidelity Investments

U.S. Equity Valuation and Real Rates

U.S. Equity Valuation and Real Rates This chart highlights the various regimes for rates and equities over time. Image: Fidelity Investments

Real Interest Rates and Recessions

U.S. Real Interest Rates and Recessions Currently, U.S. real interest rates are negative. In recent history, real interest rates were at least above 1.8% (orange line) before a recession.