It’s Black Friday and let the holiday shopping games begin! American shoppers are expected to spend an average of $1,048 during the 2019 holiday shopping season. And how will they pay for it?
When investors first familiarize themselves with corporate and municipal bonds, they quickly learn that credit ratings from S&P, Fitch, and Moody’s are of paramount importance when it comes to pricing bonds and assessing risk.
In 2012, Andrew Haldane – currently Chief Economist and the Executive Director of Monetary Analysis and Statistics at the Bank of England – delivered a speech to the Federal Reserve Bank of Kansas City’s annual Jackson Hole, Wyoming meeting titled, “The Dog and the Frisbee.”
The beginning of the 21st century in investing has witnessed two significant market crashes, including the tech bubble crash and the Great Financial Crisis in 2008. It should surprise no one that up until March 2009, managed futures trounced the returns of both stocks and bonds.
Historically, scheduled releases of market-impacting news, such as Federal Reserve meetings, quarterly earnings announcements, and other “known-unknowns” presented pre-determined times where stock market volatility might increase.
Investors have faced a near constant barrage of headlines about the U.S. Treasury curve. The spread between 2-year and 10-year Treasury notes has been negative, and at the time of writing this, it’s only barely positive. This undoubtedly leaves us with questions like: Does this mean a recession is imminent?
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.
We’ve lived this movie before. Last August, AAII bullish sentiment struck a 52-week high right before the Fed launched its September rate cutting cycle.
Catalyst Funds
Rational Funds
Strategy Shares