June 28, 2021

Stocks Begin Week Mixed With Key Data on the Horizon….. U.S. equities began a busy week of data mixed, as stocks appeared to pause to take inventory of a market that just last week rallied back to record highs. The pause seemed to be in response to a glut of key...

June 15, 2020

The Fed is Committed to Low Rates The one key takeaway from last week’s Fed meeting is that monetary policymakers are set to keep short-term interest rates near zero for as far as the eye can see.  Not forever, but at least until 2023.  Keep this in mind in the week...

December 18, 2019

U.S. equities were flat on the day and U.S. Treasuries sold off in a bear steepener, in which long-term rates move up more than short-term rates. The higher yields strengthened the dollar versus most of its major peers. In a quiet day from the economic calendar,...

January 23, 2015

Today was like the hangover after a big party. The major indices traded mostly in a narrow range…unusual for 2015 because the volatility has shown an intraday move of at least 1% all year. This is in contrast to the .53% average movement last year; the quietest...