We’ve had an eventful few weeks of economic data that has led to a significant shift in interest rate policy, with the Federal Reserve Chair announcing a decisive move to lower rates.
Here is a summary of what he said in his recent speech. 1
On Interest Rates: “The… More >>
The nonstop nagging question of the last couple of years has been, “When will inflation abate?” I was certainly in the transitory camp, expecting inflation to subside much earlier than it did. However – and I say this cautiously – we may finally be witnessing the… More >>
Market performance last week was the most consequential in years and at the same time it was like nothing occurred. If you went on a media vacation for the week, you would have hardly noticed any change in the major indexes. The S&P 500 had a precipitous drop on Monday… More >>
We are finally getting to the long-anticipated stage where the economy is showing signs of weakness, but not excessively so. Equity markets will reflect that uncertainty with increased volatility. That is to be expected. What will be unexpected is the behavior of those… More >>