Bonds Get By, with a Little Help from the Fed

July 20, 2020 During WWII, the U.S. government aggressively sold war bonds to individual citizens, urging them to buy bonds to help support the war, and it proved to be a very successful campaign. Today, we are fighting a different kind of “war”, but we are not exactly being enticed by the government to save … Continued

What to Make of the Yield Curve Inversion

Being upside-down, or inverted, can be disorienting as it defies gravity, and the sudden shift in balance can be dizzying and uncomfortable. In late March, the bond market encountered its own unsettling inversion when the yield on the 10-year Treasury dipped below the yield on the 3-month Treasury for the first time in over a … Continued

A Turbulent Ride

The last six months have been a turbulent time in the financial market as we endured the two most extreme return quarters for the S&P 500 since the financial crisis. If you are asking yourself, “What happened?!”, you’re not alone. Few experts predicted a year of negative stock market returns in 2018 given the favorable … Continued

The Facts Ma’am, Just the Facts

As we reflect on the eventful year just passed, it is a good reminder of how difficult it can be to predict market outcomes. Even in the eighth year of a business cycle, and during a period when domestic policy struggles and geopolitical tensions were probably at their highest level in a decade, capital markets … Continued

Looking For a Stronger Sequel

While breaking every established financial record in the movie industry, the release of “Star Wars: The Force Awakens” also brought into clear focus the bifurcated state of the movie industry. Given changes in our collective viewing preferences for entertainment, as well as changing economic forces, studios have gravitated towards the safety and security of producing … Continued