Sometimes, everything seems to change at once.
Hopefully you have seen our letter from a week or so ago, introducing you to Fletcher Cole, our newest team member, and sharing the news of Bill Hamilton’s retirement. Fletcher appears in our newsletter today in his own voice, and will be an integral part of our team going forward. And of course, we wish Bill all the best!
In the big world outside of these walls, the election spurred a sizeable shift in sentiment. Anyone who wasn’t invested now feels pressure to get that way, and probably before year-end. The Federal Reserve raised rates yesterday (as expected), but also put further increases on the table for 2017 (more than were expected). The cyclical stocks have been roaring at the expense of more stable stocks and all of fixed income, especially municipal bonds.
Change is in the air, and things are getting interesting!