In January, all major asset classes were up except commodities. In February, the opposite occurred – except commodities were still down. The bond market
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The January effect was in full swing, along with the bond market pushing against the Fed.
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There was a major reversal in US equities from November to December, falling like the temperatures in the Midwest.
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Was there anything down in November? Yes – rates and the US Dollar… and flying turkeys (WKRP anyone?)
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Last week FTX – a cryptocurrency exchange and custodian – filed for bankruptcy. FTX customer funds were commingled (fraud), credit was extended to a related
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Nothing seemed scary this month, though plenty of goblins – active Fed, stubborn inflation, slowing global GDP, revenue forecasts – are lurking in the dark.
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That was nasty. The only market positives for September seemed to be more clarity from the Federal Reserve on rate hikes and resulting yield of 3-month
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Markets flipped back to negative monthly returns in August. Only two major asset classes – emerging markets and commodities – were slightly positive. The Fed
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Here is a brief pre-vacation summary of the markets. I will let the pictures do most of the talking.
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We are half-way through the year. I hope your personal life was more solid than the markets which were anything but – except for commodities (energy in
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If you only looked at month-end market levels, you would have thought May was a fairly quiet month. Looking under the hood however shows intra-month swings of
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You will likely hear “… a half a point” on May 4th. Who is the Fed, what does this mean, and how many rate hikes are expected this year are important questions
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