Chart of the Week in the Public Market (market data as of 01/07/2022, source: Bloomberg, CapIQ) Commentary: Rarely do we kick off a year with large-cap, small-cap, and bond selling off at the same time. Nasdaq fell by over 8% in 5 days, S&P fell by 2%. Bond price pushes 10-year TSY to 1.769%, reaching a peak since 2020. Rate concerns cloud all asset classes and we are still in the process of price discovery and finding the new equilibrium of terminal yield. In other words, the road ahead will be bumpy and will be like this for longer than we would like it to be.
Compounders 1.9.22
Compounders 1.9.22
Compounders 1.9.22
Chart of the Week in the Public Market (market data as of 01/07/2022, source: Bloomberg, CapIQ) Commentary: Rarely do we kick off a year with large-cap, small-cap, and bond selling off at the same time. Nasdaq fell by over 8% in 5 days, S&P fell by 2%. Bond price pushes 10-year TSY to 1.769%, reaching a peak since 2020. Rate concerns cloud all asset classes and we are still in the process of price discovery and finding the new equilibrium of terminal yield. In other words, the road ahead will be bumpy and will be like this for longer than we would like it to be.