the Fed

Turbulent Bonds

November 29, 2016

Current market dynamics reveal the difficulties in predicting market outcomes. As of this writing, the Dow Jones Industrial Average stands at a record high and, [...]

Bank Relief

November 23, 2016

The election of Donald Trump has coincided with a sharp rise in interest rates in the US.  In fact, the yield on the 10-year Treasury bond has risen from 1.86% on election [...]

Walls of Worry

October 26, 2016

There is an ample supply of angst across the nation: in markets, commodity prices, and among voters. No one lately has self-reported that they are happy across any broad [...]

Rotation Afoot?

August 31, 2016

The trading thus far in the third quarter has been starkly different from that in the first half of the year.  In the first half, the sectors that offer relatively high [...]