The All-Powerful Powell

The second quarter of 2020 was all about optimism. After initial fears about the consequences of COVID-19, we began to find our footing in the new world. We learned to do most activities (with air travel and mass public events the obvious exceptions) differently, which gave us the optimism to…

The “Move On” Phase

Market Update The equity market recovery that began in late March picked up steam throughout the second quarter. The S&P 500 Index jumped 20.5%, its biggest quarterly gain since the fourth quarter of 1998. Given extremely depressed investor sentiment, as well as anticipation of massive declines in economic activity, it…

Is the Fed going to cut rates?

With 2019 more than halfway over, there are a few things that investors should continue to keep an eye on until year-end that could lead to market movements. One of the biggest drivers continues to be Fed decisions – while they did not do anything in June, they did give…

Brexit and the bond market

Throughout the second quarter of 2016, the specter of a “Brexit” vote hung over fixed income markets. Federal Reserve policymakers said as much in mid-June, when Chair Janet Yellen admitted that concerns about Britain leaving the European Union (EU) were a factor in the U.S. central bank's decision not to…