The team at Arbor Data Science provides daily commentary and data-driven analysis for institutional clients of Arbor Research & Trading.

Barrington, IL
Joined December 2018
Business bankruptcy filings totaled 26,941 in the 12 months ended 6/30/2026, up 16.9% year-over-year. Chapter 7 and Chapter 11 consistently accounted for more than 90% of business bankruptcy filings from 2021 through 2026.
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Muni bond issuance in 2026 remains elevated compared to previous years, with $466 billion worth of muni bonds issued year-to-date, up 9% year-over-year and up 34% relative to 2021.
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In 2025, the global average price of a smartphone was $455. IDC, a company that reports on the tech economy, projects that this average price will rise to $581 in 2026 and $622 by 2027.
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Google search interest in GLP-1s continues to grow. Zepbound was approved for chronic weight management by the FDA in November of 2023. Search interest in GLP-1s surpassed both “working out” and “dieting” in the spring months of 2026 and has held its lead into the fall months.
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Looking back to 2012… 1% of new ETFs were leveraged... Fast forward to 2026 – 31.21% of new ETFs use leverage to amplify returns.
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After the CRE market value peak in mid-2022, most properties experienced a decline in private market value. The exception, however, was malls. Since the 2022 peak, private market values for malls continued to edge higher, appreciating 5% from 2022 to 2026.
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Data center power demand is projected to reach approximately 194 gigawatts (GW) by 2035, over four times the 47.3 GW demanded by data centers in 2025. A majority of that power demand is expected to stem from the PJM interconnection, the largest power grid operator in the U.S.
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As of Q2 2026, U.S. households had a total net worth of $185.65 trillion, which was an all-time high. Approximately $60 trillion of this net worth belonged to the top 1%. Total net worth increased by 7.24% on a QoQ basis, which was the largest QoQ growth from Q1 1988 to Q2 2026.
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A piece of the puzzle that should not be overlooked – soft data vs hard data. There is a lesson here – pay attention to what the economy is doing, and not always how people feel about it. @SamuelRines: Macro Strategist at WisdomTree and contributor to Arbor Data Science
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19.33% of pending home sales in the San Antonio metro area were cancelled in August 2026. Below are the 20 metros with the highest cancellation rates of the 50 most-populated metro areas.
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Equities have historically maintained the largest allocation in family office portfolios, averaging approximately 30% over the last six years. Asset class distribution remained stable over this period, with cash experiencing the sharpest contraction.
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The cost to attend college has increased significantly over the past several decades. For the 1979-1980 school year, the average one-year tuition and fees was $3,230. For the 2025-2026 school year, that average was at $45,000, an approximate increase of 1,300%.
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In fact, there are 15 colleges that now cost over $100,000 per year
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Google search interest in “Higher-End Retailers” has climbed in tandem with “In-Store Deals” — underscoring a K-shaped consumer economy where deal-seeking and luxury demand move in lockstep
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For FY 2026, through July 2026, net interest expense was the third largest Treasury outlay. It trailed only Social Security, at $1.348 trillion, and Medicare, at $955 billion.
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In July 2026, the three-month moving average of the seasonally adjusted supply of new houses for sale was 9.13 months and the 12-month moving average was 8.80 months. Previously, 8 months or more of housing supply occurred only during recessions.
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Credit card debt in the U.S. has continued to rise, reaching $1.26 trillion in Q2 2026. While the most recent reading is marginally down from the 23-year peak of $1.28 trillion in Q4 2025, it remains well above the 23-year quarterly average of $0.82 trillion.
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Younger generations are more likely to view prediction markets as an investment tool rather than pure gambling. One-fourth of respondents in both the 18-34 and 35-44 age ranges viewed prediction markets as investing, notably higher than older age groups.
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TSA throughput largely reflects the U.S. consumer's resilience as it pertains to travel. The 100-day moving average of TSA throughput was 2.6 million on August 12, 2026 — largely in line with levels from the past few years.
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OER was encouraging as the brief upward blip appears to have been simply that – a blip. One of the strange dynamics of current inflation prints is the spectacular dispersion under the hood. @SamuelRines: Macro Strategist at WisdomTree and contributor to Arbor Data Science
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