On Wednesday the stock market got spooked when the Fed minutes revealed a lengthy discussion about how & when the Fed will begin to unwind its balance sheet. Many people have forgotten that it is NOT NORMAL for a central bank to hold so many assets on their books. In
For 9 years I’ve been talking about the unintended consequences of the Fed’s policies. The growth rate of the economy during this bull market has been the worst on record, yet it is now the third highest gaining bull market in history. What happened? The Fed
The Fed raised interest rates at their meeting this week, just the 3rd time since the recession ended nearly 8 years ago. Over the past two weeks market participants have worried the Fed would push rates up too far and too fast. Stocks rallied during Fed Chair’s press
Last week we saw an increase in the pace of job creation. This week the Fed is expected to raise interest rates. Depending on your vantage point, things are looking up or they are about to turn lower.
We will delve deeper into the Fed decision later in the
It’s the time of year where portfolio managers and investors alike are in a festive mood, which typically leads to a nice rise in the market. The so-called “Santa Claus” rally typically begins the week before Christmas and then carries into the new year. Whether it
