The Inversion Aversion

Most of 2018 played out according to plan in the bond market. Early in the year market strategist expected faster U.S. economic growth, higher inflation and a Federal Reserve that might be “behind the curve” in its efforts to head off inflation via higher interest rates. Tax cuts, healthy job…

Train Spotting

My first boss told me something years ago about the bond market that I’ll never forget. He said, “never stand in front of a moving train.” I think about it every time I trade. He meant that if interest rates (the train) start to move quickly in one direction and…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first piece, “Inside Facebook’s Election ‘War Room’” in The New York Times, discusses Facebook’s attempt to protect elections from hackers and “fake news”. A newly-built dashboard is set to spot and track unusual activity on the…

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…

Charlie’s month-end reading list

Kick off the summer season with another batch of timely articles circulating at Fort Pitt: The first piece, "Napolitano: The GOP didn't touch the core of Obamacare," is a Mises Institute piece by reporter Ryan McMaken that summarizes Judge Napolitano’s impression of the GOP’s repeal of Obamacare. Napolitano believes that…