Money Market Update
money market indicators point to supportive financial conditions
Welcome to all new Conks readers and subscribers. As equity indices reach new highs, the “everything is bullish” narrative has played out nicely. Given everything noted previously below, we expect the “boomer portfolio” (the 60/40) to continue to perform well, at least over the short term.
In other news, as you may have noticed, we’ve decided to add a primer on the Fedwire securities settlement system to our upcoming explainer (on the repo dealer-to-customer markets), as both subjects are very much interlinked. This is turning into a mini-course, so expect more infographics and eventually a piece (possibly separated/released into two parts depending on word count) that brings it all together.
But first, a money market update.