Published January 17, 2025
While markets have been cautious over the past few weeks, our friends at Delta Research summarize how the tide might be turning. Here is what they see:
“Since reaching a low of about 3.6% in September, the 10-year treasury rate ran up to 4.8% this week. As the rate went higher, high stock valuations and economic growth assumptions were increasingly at risk. (more…)
Published July 7, 2023
There are a wide range of inputs portraying a change in investor attitudes over the past few weeks. Our friends at Delta Research offer one possibility of the change in how interest rates are viewed. We hope you find it interesting.
“The Federal Reserve raised the Fed Funds rate from 0%-0.25% to 5.00-5.25% since March of last year. The pace and amount of rate increases came as a surprise to most market strategists. The reason for the surprise is market strategists believed the economy would slow rapidly as a result of much higher interest rates. Coming into 2023, the market expectation was for one more rate hike, a pause and then rate cuts in the second half of the year. The Fed raised rates in March and May of this year and now is expected to raise again in July and then once again later in the year. (more…)
Published January 24, 2020
One of the oddities of the market so far in 2020 is the decline in interest rates. After rising in the latter half of 2019, interest rates appear to have rolled over and begun heading back down over the past month. While that’s not long enough to declare a trend, the behavior of interest rate sensitive sectors tells us that this is a significant shift. (more…)