When consumers were locked in their homes and shopping online, savings rates and goods spending went parabolic. When things go parabolic, they should be expected to mean revert to the long-term trend over time. That’s exactly what has happened with Retail Sales and the components within this $7 trillion per year component of GDP.
When we think about the stock market, we often assume that it moves in a linear fashion. Up or down. However, there are times of uncertainty that the market reacts like a jackrabbit – bouncing up and down, all around.
When we think about the stock market, we often assume that it moves in a linear fashion. Up or down. However, there are times of uncertainty that the market reacts like a jackrabbit – bouncing up and down, all around.
Following the Federal Open Market Committee’s decision to raise interest rates 25 bps this afternoon, Leland Abrams, portfolio manager of a fixed income fund, provided his initial market insights.
Following the Federal Open Market Committee’s decision to raise interest rates 25 bps this afternoon, Leland Abrams, portfolio manager of a fixed income fund, provided his initial market insights.
For months, investors have been scaling what feels like an endless wall of worry. Each concern that gets resolved seems to spawn new uncertainties, yet the market has continued its relentless climb higher.