Tag Archives: inflation

Congress and the Economy Advance, Market Takes a Breather

Both the House and Senate passed budget resolutions but they still have to reconcile them. This is huge progress relative to the gridlock that prevailed in prior years. Additionally, the House passed “doc fix” legislation, which will end the annual … Continue reading

Posted in Economy, Equity, Markets | Tagged , , , , , | Leave a comment

Dovish Fed Resets Outlook For Risk Assets

The market’s initial reaction to Wednesday’s FOMC meeting was consistent with a dovish interpretation. U.S. Treasury yields declined and the dollar underperformed. However, as market participants digest the information, much of the initial moves have been retraced. Following the meeting … Continue reading

Posted in Economy, Industry Insights, Markets, Multi Asset | Tagged , , , , , , , | Leave a comment

Strong Jobs Report: Good for the Economy, Bad for Investors

Last week the Labor Department released another very strong jobs report.  That was good news for the economy, but bad news for investors.  Payroll employment rose 295k, with revisions of -18k and the trailing 6-month average of 293k is at a … Continue reading

Posted in Economy, Industry Insights, Markets | Tagged , , , , , , , , , , , ,

Friendly Central Banks, Friendly Markets?

The Central Bank bonanza has continued to lift financial markets, especially risky assets, towards new highs. This has happened in a weak economic framework, for most of the areas, further exacerbating the divergence between financial markets and economic fundamentals. The … Continue reading

Posted in Economy, Industry Insights, Markets | Tagged , , , , , ,


Mamma Mia!! Yesterday morning (Thursday February 12th 2015) the Swedish central bank (the Riksbank) decided to take a chance on Quantitative Easing (“QE”), cutting the repurchase rate to -0.10% and announcing a bond-buying programme of SEK 10bn (approx. €1bn). The … Continue reading

Posted in Fixed Income, Markets, Uncategorized | Tagged , , , , , , , , , , , , | Leave a comment