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The Fault is ours, Ray

According to Forbes Magazine, Ray Dalio, founder of Bridgewater Associates, is America’s second richest money manager. He trails only George Soros in the pantheon of hedge fund “masters of the universe”. Dalio appeared last month on CBS “60 Minutes” to lament the demise of the American dream. He called inequality…

The Fed’s in waiting mode

With a third of the year over already, much of the market volatility encountered in late 2018 is fading in the rear-view mirror. While the China trade dispute has reemerged recently as a top risk for investors, markets are still generally positive for 2019. Brexit and uncertainty about future Fed…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital Group: The first article, “Farmageddon looms: Only 30% of U.S. corn fields have been planted, 5 year average is 66%”, is from ZeroHedge. Many farmers in America’s heartland have not been able to get their crops in…

The interest rate pendulum

When interest rates get whipsawed the way they have in the last couple of weeks, we believe some explanation is necessary. First and foremost, we don’t believe it is one particular issue but instead, a lot of balls in the air at the same time that are creating uncertainty. China,…