The Federal Reserve is wrapping up its meeting today and will be releasing an interest-rate decision, an updated projection of the Fed’s thoughts on future rate increases, a summary of economic projections, all followed by a press conference.
Read Article →The amount of water in the glass rarely changes as quickly as the market’s perception of the water level is able to change. That’s one (of many) factors that makes our work so interesting. February’s comments refer to many other factors as well.
Read Article →Nerves are tested on days like today, and markets such as these give a different flavor to our discussions about “risk.” We have some thoughts, and while they’re certainly not “irrationally exuberant,” neither are they all gloomy.
Read Article →Last week’s interest rate increase by the Federal Reserve marks the end of the economic era of “ZIRP” (Zero Interest Rate Policy). Much-anticipated, the rate rise did not produce much response in the market, nor did it change our general outlook. For more thoughts, our December newsletter is attached.
Read Article →Everything happens faster these days…. We had a classic January rally, but it came three months early (in October). It didn’t change our overall view of caution.
Read Article →An update on some of our thinking about the current state of the economy and the markets is in the attached Newsletter for your review.
Read Article →An update on some of our thinking about the current state of the economy and the markets is in the attached Newsletter for your review.
Read Article →The economic story hasn’t changed much in the last month…. Additional earnings data for Q2 have filled in the big picture pretty much as expected. However, the results for individual companies and the market’s response to this are both getting a little more interesting.
Read Article →Some of our current thoughts are covered in the Newsletter for your review.
Read Article →There are many reasons for both optimism and caution. We welcome normalization of interest rates, and will be watching the shape of the yield curve as this process unfolds.
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