Same as it ever was…

Reflationary forces dominated the fixed income market as the second quarter ended. A June rate increase (to a range of 1.00% to 1.25% on Fed Funds) by the Federal Reserve, and a rise to the 2.84% level on the 30-year U.S. Treasury led some market participants to believe the long…

Zero no more!

After many months of anticipation, the Federal Open Market Committee (FOMC) recently raised the Fed Funds rate by one quarter of a percent, from a range of 0–.25 percent to .25–.50 percent. Fed Chair Janet Yellen said the increase was justified by both substantial gains in the domestic labor market…

2014 mid-year market review

As June marks the mid-point of the year, we thought that it would be the perfect time to take a look back at market movements since January, and review where we expect equities and other asset classes to head in the coming months. While we are optimistic for the second…