economy

  • Market Outlook

    Against the backdrop of a continuing trade dispute with China and a slowing economy, the Fed lowered its federal funds rate target by another quarter point at its October 30 meeting. The target rate now stands at 1.50 – 1.75 percent. After raising rates nine times since 2015, the Fed reversed course this year and…

  • Inversion Confusion

    On August 14, the classic inverted yield curve (10-year treasury yields lower than 2-year treasury yields) reared its ugly head for the first time in over a decade. Since then it has flashed warning signs several times. So far the inversions have only occurred temporarily on an intraday basis with the inversion ending before the…

  • 2nd Quarter Market Commentary

    2nd Quarter Market Commentary

    While the economy was generally positive in the second quarter, the markets were quite volatile with several ups and downs. The quarter began with U.S. stocks reaching new highs, until tariff concerns caused a significant short term correction. However, indications from the Federal Reserve that a rate cut may be in order sent the markets…

  • Portfolio Manager Commentary

    Portfolio Manager Commentary

    Our outlook at the moment is “cautious”. Many factors are leading us to take this approach with our investment portfolios: • The Trump administration ratcheted up tensions with Iran by threatening retaliation against the alleged Iranian shootdown of a U.S. drone over international waters. • U.S. Treasury yields are down in anticipation of a rate…

  • Taxes: Bad for the Economy, Good for the Soul?

    Just about every human on earth is affected by taxes in some way. In the U.S., taxes have long been at the core of political disagreement and are very much a point of contention today. But what are their true implications on markets and the economy? One thing to keep in mind, taxes impact society…