December 29, 2016
For the last several years, historically low interest rates have provided the US government an attractive option to extend the average maturity of US Treasury obligations, saving taxpayers billions of dollars.
December 23, 2016
It’s a gift. Just a little extra before the start of the New Year.
December 01, 2016
In case you were wondering, that is how you pronounce the last name of President-elect’s pick for the U.S. Treasury post.
November 28, 2016
We give thanks for much including a parking spot at the mall.
November 21, 2016
The US Dollar is reaching levels last seen at the end of 2002.
November 11, 2016
Is the world upside down?
November 09, 2016
Once again, the people have spoken and the voices of America have decided on a new President.
November 01, 2016
We participated in an election update conference call this morning with Dan Clinton, Strategas’ Head of Political Research, and David Wasserman, the House Editor for The Cook Political Report. Read more about what Dan Clinton and David Wasserman had to say on the upcoming election.
October 25, 2016
Summary A week ago we touch on the impact of autonomous vehicles. It’s a world of possibility out there. We have to keep both our eyes…
October 20, 2016
The Wall Street expression that “markets climb a wall of worry” was certainly true during the third quarter. Despite Brexit, the opening of a contentious U.S. presidential election, a spike in interest rates, scattered police and racial violence, and another quarter of negative earnings growth, broad equity markets turned in one of the stronger third quarter performances in recent years.
October 14, 2016
It’s a world of possibility out there. We have to keep both our eyes and our minds open for it.
October 14, 2016
Money market reform has caused a significant shift in buyer demand for short-term capital.
October 07, 2016
Liquidity, liquidity everywhere except for the foreign exchange market in Asian trading hours overnight. That might seem like an obscure statement, but it has market moving consequences when combined with computer-driven trading programs.
September 30, 2016
This week OPEC surprised markets by taking action, supposedly. Reports indicate that a production cap has been set at 32.5mm barrels of production from the cartel responsible for about 40% of global supply.
September 23, 2016
With all the Fed chatter, not much has been said about the communication from the Bank of Japan (BoJ) this week.
September 21, 2016
Today’s decision puts the U.S. Federal Reserve clearly in the “extend and pretend” camp.
September 16, 2016
The market sits and waits for next week as the Fed meeting approaches. Will they or won’t they?
September 09, 2016
Rhetoric continues to indicate that policymakers are trying to serve up economic growth on a plate and convince the markets that the kitchen is still open.
September 07, 2016
The past month has brought about a number of concerns from those in the estate planning world after the Treasury Department released new proposed regulations for Section 2704 of the Internal Revenue Code.
September 02, 2016
It seems that guessing games are every economist’s cup of tea these days.
August 22, 2016
An analysis released this week by the Federal Reserve Bank of New York indicated that middle income jobs (those paying between $30,000 and $60,000 per year) are finally being created.
August 22, 2016
…for the first time in a while.
August 08, 2016
Is the divergence getting even greater? This week, the Bank of England (BoE) responded as expected with additional support after the Brexit vote in June weakened their economic stability.
August 01, 2016
The first release of estimates for second quarter economic growth was made in both the US and Euro-area, both to the disappointing side.
July 26, 2016
Recent fears regarding Brexit and its potentially detrimental impact on economic growth have market prognosticators worried about the resulting side effects on financial markets.
July 18, 2016
It seems like the investor thirst for yield is unending.
July 15, 2016
Every day this week had a top headline that is directly relevant to the market narrative at hand- some positive, some tragic.
July 08, 2016
What would appear to be a “blowout” employment report in the US on Friday created a favorable environment for risk assets, but carried with it a footnote.
July 01, 2016
The story does not end here. After the tumult unleashed last Friday with the UK referendum indicating a desire to exit from the European Union, the financial markets experienced more gyrations.
June 29, 2016
Money market funds (MMFs) remain under fire as they try to maintain their role in the liquidity markets.
June 24, 2016
It is not often that financial markets are so dramatically wrong about a potential outcome.
June 16, 2016
…. If I go there will be trouble, and if I stay it will be double.” The lyrics from this aptly named song “Should I Stay or Should I Go” released in 1982 by the English rock band The Clash might as well be the theme of the markets this week.
June 10, 2016
You know we are in a different media world when newspapers and television news channels alike are filling their content void with discussion on this week’s iconic tweets.
June 03, 2016
We all know that people (and markets) tend to have short memories and, thus, repeat the mistakes of the past. But are we already back there again?
June 02, 2016
Have you been to the grocery store lately? Do the items on the shelves seem to be part of some large, elaborate hoax?
May 27, 2016
Oil prices hit the $50 mark after almost doubling from near $27 per barrel earlier this year in February.
May 23, 2016
The US Fed spooked markets a bit this week when the minutes from their latest meeting suggested that perhaps June is on the table for the next Fed hike.
May 16, 2016
Jobs in America are evolving before our eyes.
May 13, 2016
According to the most recent U.S. Energy Information Administration (EIA), natural gas inventories were 49% higher than a year earlier and 47% higher than the previous five year (2011-2015) average.
May 09, 2016
Does the market think bland is best?