ADP Signals Labor Market Weakness
2025-07-03
The Fed and most investors primarily assess the labor market based on the monthly BLS employment report. To better guide those estimates, various reports, such as the monthly ADP report, can be helpful. We say “can be” because, since the pandemic, ADP has been less correlated with the BLS than it was before the pandemic. …
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SLR: Could It End The Bond Bear Market
2025-06-30
On June 25th, the Federal Reserve quietly announced a significant change to the Supplementary Leverage Ratio (SLR). While the headlines were muted, the implications for the U.S. Treasury market were anything but. For sophisticated investors, this technical shift marks a subtle but powerful pivot in monetary mechanics. It could create demand for Treasuries, improve market …
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6-26-25 The Federal Reserve: Financial Economic Socialism
2025-06-26
Has the Federal Reserve become more famous/infamous than the President of the United States? The Fed’s ever-growing footprint on the U.S. economy is undeniable, perhaps even a form of financial, economic socialism.
Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA
Produced by Brent Clanton, Executive Producer
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