Equities: The tech mega-cap stocks (FAANGM) now represent 24% of the S&P 500 market capitalization.
The portion of the market’s lofty valuations attributed to FAANGM keeps climbing.
Credit: The cost of debt capital for US investment-grade firms has never been this low.
The Fed’s recent actions invited quite a bit of capital into corporate bonds.
Rates: The interest rate currently paid by the US federal government is the lowest on record.
Energy: Brent is starting to move into backwardation.
Global Developments: Household savings increased around the world.
Food For Thought: Vacation plans:
Edited by Daniel Moskovits
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