When Bad News Is Good News

When Bad News Is Good News

Released by the US Bureau of Labor Statistics (BLS), September’s nonfarm payroll report came in lighter than expected, and the unemployment rate unexpectedly inched higher. How did investors react? Favorably. The disappointing report reduced the odds of a late-October...
Rising Bond Yields and the Stock Market

Rising Bond Yields and the Stock Market

“Bond Selloff Deepens After 30-Year Yield Hits Highest Level Since 2004,” declared Bloomberg News last week. CNBC echoed the sentiment with “10-Year Treasury Yield Rockets to 19-Year High.” What’s driving the recent rise in Treasury yields (bond prices and yields move...
Rising Bond Yields and the Stock Market

The Fed Hikes Rates: What Investors Should Know

First, let’s clarify that any attempt to predict the Federal Reserve’s actions this week is, at best, an educated guess. Fed Chair Kevin Warsh has struck a hawkish tone, and the odds of a quarter-point increase in the fed funds rate are 87%, according to the CME...
A Hotter August CPI Builds Rate Hike Momentum

A Hotter August CPI Builds Rate Hike Momentum

First, let’s clarify that any attempt to predict the Federal Reserve’s actions this week is, at best, an educated guess. Fed Chair Kevin Warsh has struck a hawkish tone, and the odds of a quarter-point increase in the fed funds rate are 87%, according to the CME...