Market Morsels

| June 16, 2019
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The US bond market (including treasury, municipal, corporate, mortgage and asset-backed debt) was worth $43.1 trillion as of 3/31/19. Treasury debt ($15.9 trillion) makes up the largest piece of the US bond market, according to the latest report from the Securities Industry and Financial Markets Association.

The total capitalization of the US stock market was $31.1 trillion as of 3/31/19, or 72% of the size of the US bond market as of the same date, according to Wilshire.

During the first 8 months of fiscal year 2019, i.e., through 5/31/19, tax receipts are up +2.3% from the previous year to $2.27 trillion while outlays are up +9.3% to $3.01 trillion, per Treasury Department data.

The number of Americans at least age 75 is projected to double over the next 20 years, rising from 23 million in 2020 to 45 million in 2040, based on the latest Census Bureau research.

62% of the 43 million Americans on Social Security receive at least 50% of their retirement income via their monthly Social Security benefit.


Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O


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