It appears the federal government is shutting down today, October 1, as Congress has failed to agree on funding legislation for the upcoming federal fiscal year. If the shutdown occurs, it will be the first one since 2019 and the 21st since 1976.
While some are drawing parallels between the current period and the late-1990s tech bubble and concluding that a crash may be coming, that’s not our view at all. This market environment is very different.
The post-pandemic economy is treating people very differently, creating a headache for central bankers. The extreme differences can often get traced back to living situations, as renters have a very …
Stock and bond market activity was materially shaken last week as Silicon Valley Bank, the California bank subsidiary of SVB Financial Group, fell into FDIC receivership.
Inflation remains the primary concern and for now, the Fed is willing to sacrifice economic growth to get inflation back closer to 2%.
The Federal Reserve concluded its two day policy meeting yesterday and announced it was raising its benchmark rate by 0.75%. Here are four observations about yesterday’s rate hike.
The selloff continued on Tuesday, with the S&P 500 Index down 7.8% in the usually bullish month of April. With three days to go, this could go down as the worst April since a 9.0% drop in 1970.
The historic spike in mortgage rates instigated chatter across the country that the housing market is a bubble that will soon pop. However, we don’t believe headwinds from higher rates will fully negate the tailwinds of low inventory, pandemic reshuffling, and positive demographics.
The Federal Reserve meets this week and in all likelihood will raise short-term interest rates for the first time since emergency levels of monetary accommodation were provided to markets after the COVID-19 shutdowns.
Two things swirling that some investors think could hurt them down the road: The idea that higher yields and rate hikes are bad. However, it might not be so simple.
