The Market Fears Recession
Yesterday the Dow was down 800 points. The primary reason given was that the inversion of the 2 yr – 10 yr Treasury yield curve spooked investors. That is, short-term interest rates are now slightly higher than longer-term rates. This is a very unusual situation...Fed Signals 2019 Interest Rate Cut
Going into yesterday’s Federal Reserve Board meeting, the futures market was pricing in an 85% chance that the Fed will cut rates by the end of July. This came without supportive or consistent commentary from Fed officials suggesting that rate cuts are imminent –...Why Balanced Portfolios Make Sense for Most Investors – Update
Lately, stock markets are rising or falling in substantial part on the prospects of a trade deal with China. Language has turned acrimonious with China saying they would never surrender to foreign pressure. So far, U.S. consumers haven’t felt the full effects of...Here Come The IPOs
Is this another IPO boom signaling a market top? Lyft recently came public but had a disappointing IPO. Shares were priced at $72, traded as high as $88.60 on the first day of trading, and currently trade at $57. More IPOs are on the way. Coming soon are Uber,...