U.S. Stocks Gain After Fed Decision

The Wall Street Journal—Stocks rose after the Federal Reserve kept interest rates steady and indicated no intention of raising them soon, according to The Wall Street Journal. “It just gave more confidence to the market that the Fed is going to be on the sidelines in 2020,” said Hank Smith, Co-Chief Investment Officer. Click to [...]

2019-12-12T19:42:37+00:00December 12th, 2019|

The Fed Will Stay in Hibernation Until at Least Summer: CNBC Survey

CNBC—Federal Reserve policymakers will go into hibernation for as much as six months, holding interest rates unchanged until at least the summer, according to respondents of the December CNBC Fed Survey. “The Fed will be on hold for longer than the market is projecting,” wrote John Donaldson, Director of Fixed Income. “Even a one-third chance [...]

2019-12-11T21:41:07+00:00December 10th, 2019|

A $25 Trillion Stock Rally was Built on GDP Growth No Better Than This

Bloomberg—“If you’re driving at 50 miles-an-hour and you slow to 30, you’re still going forward,” Hank Smith, co-chief investment officer, told Bloomberg in an article discussing the economic outlook for 2020. “That doesn’t mean you have to extrapolate that slowdown into negative territory. That’s what too many analysts and pundits are doing.” Click to read [...]

2019-12-04T15:53:30+00:00December 3rd, 2019|

Fed to Cut Rates Again, But Other Economic Concerns are Emerging Ahead of Election: CNBC Survey

CNBC—“After the next cut, the fed funds rate would re-enter the zone where there is no evidence that further cuts help the economy,” wrote John Donaldson, director of fixed income in the recent CNBC Fed Survey. “If ultra-low rates and negative rates are such a panacea, why aren’t Japan and Germany growing at 6% rather [...]

2019-10-29T13:58:09+00:00October 29th, 2019|

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