Some pundits have postulated that the President’s “hold my beer” tweet following the Fed’s decision to “only” cut interest rates by 1/4% instead of 1/2% was to force the Fed’s hand into cutting rates much more significantly in
June 02, 2021
Jeff Hybiak, CFA
Jeff joined SEM in October 1998. Outside of SEM, Jeff is part of the worship team at LifePointe Christian Church where he plays the keyboard and bass guitar. He also coaches a club soccer team.
Thursday started as a good day. After a slow start to the day, the stock market was staging a nice rally as investors figured one rate cut was better than no rate cuts. Both Treasury bonds and high yield bonds were sharply higher (which isn’t usually the case,
The Federal reserve cut interest rates for the first time since 2008. Since late 2015, they have raised short-term interest rates from near 0% to 2.25%. Since June when the Fed hinted at the chances they would cut rates at their next meeting, investors have poured money into the
Here’s a quick look at the most important charts from our 3rd Quarter Market & Economic Update.
- Check out the full 30 minute update here (including a link to download our entire chart packet).
- Read the ‘Investment Grade Junk’ article referenced in the update here.
I realize some of
Most of you probably didn’t notice, but a $693 million loan lost 1/3 of its value in the past week. It wasn’t a company anybody has heard of, which is part of the problem. Clover Technologies, a company that recycles printer cartridges, cell phones, and