FOMC

A Tale of Two Bonds

December 6th, 2017|by Michael Ashley Schulman, Perspectives, The Here and Now|

Graph 3: From 12/6/16 to 12/6/17, theIt 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

September 21st, 2016|by Michael Ashley Schulman, Perspectives, The Here and Now|

Photograph by Michael Ashley

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 […]

Question the usefulness of some historical stock market statistics

May 24th, 2016|by Michael Ashley Schulman, Perspectives, The Here and Now|

orange candle rack 2

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 […]

My opinion: Draghi may have disappointed markets, but he pleased Yellen and the Fed

December 3rd, 2015|by Michael Ashley Schulman, Perspectives, The Here and Now|

ECB faces2Mario Draghi’s European Central Bank (ECB) announcements on the morning of December 3, 2015, while stimulative, nonetheless underwhelmed the market; but that does not mean that they were not well thought out.  The market’s disappointment, along with its consequential same-day rally of the […]