Quote of the Day

"Today is the one-year anniversary of Black Monday 2.0. On March 16, 2020, the Dow Jones Industrial Average plunged 2,997 points for a loss of 12.93%. The S&P 500 lost 11.98%. Only the 1987 crash was worse."

(Eddy Elfenbein)

Chart of the Day

Forecasting forward bond returns is a relatively simple affair.