What can we expect from the markets and the economy?

When President Trump took office, investors expected to see tax cuts, economic deregulation, infrastructure spending and Obamacare repealed. Of these four agenda items, only one (deregulation) gained any traction. Given these political “failures,” one would’ve expected markets to be disappointed, yet the S&P 500 index is up 14 percent for the[...] Continue reading
12 October, 2017

Swings in the fixed income market

Recently, fixed income swings have been dramatic and yields have fallen in conjunction with that activity. Both internal and external factors have given rise to the perfect storm of events that all point to lower yields. Given the lack of inflation in the economy, the lack of ability for Congress to pass an economic bill, geo-political events with North Korea, Hurricane[...] Continue reading
7 September, 2017

Not so sunny in Puerto Rico

Debt has been a hot topic worldwide the last couple of years as we see European nations as well as American cities struggle to get their hands around their funding needs. For the most part, those cities and states have been in the restructuring phase and we will continue to see these issues worked out over the coming years. Our Philosophy for Muni’s is similar to credit[...] Continue reading
22 June, 2017

Fed announces interest rate hike

The Federal Reserve raised rates for the second time this year and we believe they’re still on target to raise rates once more toward the end of 2017. The current overnight rate is set between 1 and 1.25 percent. However, the language in the Fed statement is more dovish than in previous meetings as they mentioned they are monitoring the lack of inflation data. They also[...] Continue reading
14 June, 2017

Trump’s first 100 days

On January 20, Donald J. Trump will become the 45th president of the United States, and we’re all wondering what “The World According to Trump” will look like. Given his penchant for late-night Twitter eruptions and policy head fakes, no one knows if the President-elect is serious about bringing fundamental change to the U.S. economy. The markets obviously think so,[...] Continue reading
12 January, 2017

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