by David Cleary, CFA | Dec 5, 2018 | Commentary
So, it’s safe to say, the market was very disappointed by the Fed’s 25 basis points tightening yesterday as well as the guidance provided for future hikes in 2019. Reading the FOMC minutes from November and listening to Fed Chairmen Powell’s remarks at his speech at...
by David Cleary, CFA | Nov 6, 2018 | Commentary
Now that mid-term elections are behind us, economic and investment decision makers can get back to business. We will know soon how much of the October swoon was related to interest rate fears and how much was election related. Given the market’s strong initial...
by David Cleary, CFA | Oct 10, 2018 | Commentary
Way back in the spring of 2013, then Federal Reserve Chairman Ben Bernanke announced that the Fed bond buying program would come to an end. A global bond market panic ensued, interest rates moved sharply higher and ALL investment asset classes fell. There was no place...
