Mindful musings and notes on current events
Outlook for stepping into the New Year
How stocks perform in January/February depends on whether an uncomfortable amount of volatility returns. The forward multiple assigned to the market puts pressure on companies to generate good results, speak ebulliently about their outlook, […]
A Tale of Two Bonds
It was the highest of yields, it was the lowest of yields, it was the age of up up up, it was the age of down down down, “it was the epoch of belief, it was the epoch […]
Fed on Track to Hike Rates in December
The U.S. Federal Reserve (The Fed) appears firmly on track for a December hike after leaving the federal funds rate unchanged today at ¼ to ½ percent.
Today’s Federal Reserve’s Open Market […]
BREXIT – The U.K. votes on whether to leave the European Union
The Brexit vote (U.K. citizens voting on whether to leave the European Union) is this Thursday, June 23, 2016.
- I believe the U.K. will vote to remain
- We should know results by Friday morning
REMAIN
If the stay vote wins, British and European stock markets should rally in […]
Question the usefulness of some historical stock market statistics
Summary: No central bank has ever unwound a $4 trillion stimulus program and experience with raising rates from zero percent is limited; therefore, historical statistics on how stock sectors react to a rate rise are of limited use.
Fed rate hike moves […]