interest rates

Uncategorized, Weekly Update

Investors Begin Worrying About an Inverted Yield Curve … and Recession


Published January 12, 2018

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With the global economy firing on all cylinders it’s hard to believe investors would find anything to worry about. But they have. For years now investors have wondered when and how the era of near-zero interest rates would end. Are we now on the cusp of seeing how the backside of the Fed’s unprecedented monetary policy easing impacts markets? (more…)

Uncategorized, Weekly Update

Late-Cycle Sectors Beginning to Shine


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Published January 5, 2018

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Over the past year, there have been numerous articles telling us that the U.S. economy is entering the “late-cycle” phase, a period of about 18 months characterized by rising inflation (and therefore rising interest rates), higher commodity prices, and positive though waning economic growth. (more…)

Weekly Update

The Fed’s Post-Crisis Strategy


Published June 2, 2017

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We are now a decade into the Federal Reserve’s latest period of monetary policy seeking to stimulate the economy. Prior periods of monetary policy focused on pushing very short-term interest rates higher or lower to accelerate or decelerate the economy and/or inflation. The unprecedented impacts of the financial crisis forced the Fed to adopt additional monetary policy tools, such as “quantitative easing” or “QE” for short. (more…)

Weekly Update

Biotech About to Turn It Around?


Published March 10, 2017

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In 2015, after more than quadrupling in price in a massive bullish run, biotech stocks hit a wall. Presumably undone by some comments from then-Senator Hillary Clinton that drug prices were too high and needed to be addressed, biotech stocks began wilting. Mrs. Clinton’s comments aside, the stocks had run to a point where they were just way overvalued and due for a rest. (more…)