Monthly Macro Chart Book

Macro Chart Book – May 2020

In a positive surprise, the unemployment rate decreased by over 1% in May. A lack of demand has pushed inflation under 1% and equities continue to climb on the backdrop of fiscal and monetary stimulus. These and other economic topics are examined in May’s edition of Julex’s Monthly Macro Chart Book.

Macro Chart Book – April 2020

The unemployment rate went from historic lows to post-wars highs thanks to the impact of the Coronavirus. The Fed balance sheet sits at almost $7 trillion dollars, and may reach $9 trillion shortly. Oil briefly went negative, but rebounded to finish the month at only a small loss. These and other economic topics are examined in April’s edition of Julex’s Monthly Macro Chart Book.

Macro Chart Book – March 2020

The impact of the Coronavirus has already started to be reflected in some of the most recently available economic data. Despite $2 Trillion in stimulus, unlimited quantitative easing, and interest rates that have been cut all the way to 0%, some economists estimate a 30% decline in GDP come Q2. The shutdown has predictably wreaked havoc on the labor market, with 10 million people losing their jobs in the last two weeks. In the background, oil has lost two-thirds of its value in just one quarter. These and other economic topics are examined in March’s edition of Julex’s Monthly Macro Chart Book.

Macro Chart Book – February 2020

The spread of the Coronavirus sent equities on their worst one week tumble in recent history. To combat the economic impact of the sickness, the Fed made an emergency 50bp cut, with more easing likely on the way. Equities weren’t the only asset class that took a hit, as oil is currently down over 25% on the year.  These and other economic topics are examined in February’s edition of Julex’s Monthly Macro Chart Book.

Macro Chart Book – January 2020

The Coronavirus outbreak worried financial markets as defensive assets like long bonds and gold had a strong January. Another solid  jobs report pushed the labor force participation rate up to the best levels of Trump’s Presidency, though wage growth was below post-recession highs. Valuations continued to increase as forward P/E has jumped nearly a full point since November.  These and other economic topics are examined in January’s edition of Julex’s Monthly Macro Chart Book.

 

Macro Chart Book – December 2019

For the first time since the beginning of the year, the U.S. saw both meaningful decreases in Chinese imports and increases in Chinese exports. In what some are calling QE4, more than $400 billion has been added to the Fed’s balance sheet since September. Labor force remains strong with unemployment at 3.5%. These and other economic topics are examined in December’s edition of Julex’s Monthly Macro Chart Book.