Expect the unexpected

Calendar 2019 was an interesting and unexpected year in the fixed income market. After four interest rate increases in 2018, it was widely expected that the Federal Reserve would continue to tighten the money supply in order to regain a “normal” interest rate yield curve. Entering the year with the…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital Group:  The first article, “Nintendo reportedly moved switch production out of China over Trump’s tariff threats”, comes from Zerohedge. Nintendo has moved production of its popular Switch hand-held gaming console from China to Southeast Asia in an…

Headwinds

The second quarter of 2018 revealed little news in the bond market, as the generally range-bound trading that marked previous quarters remained in place. On May 11th, the yield on the 10-year U.S. Treasury bond reached 3.11 percent, and it appeared that interest rates were headed higher on the back…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first article, “Whirlpool Wanted Washer Tariffs. It Wasn’t Ready for a Trade Showdown” in the Wall Street Journal, discusses the implications of the tariffs on the washing machine industry. Washer and dryer prices have climbed 20…