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Cross-Currents and Complacency

Global cross-currents are getting more interesting by the day. Yet, risk assets continue to remain firm with rates edging lower, albeit slowly. The markets and Fed paint a picture of complacency this week despite the increased complexity around the Phase 1 trade deal. Let’s take a look:  HONG KONG, CHINA AND THE MARKETS The House … Continued

The Funds Rate is Heading Lower

The most recent communication from the Federal Reserve has been clear. The mid-cycle adjustment is complete and the economy and Fed policy is in a good place. The decision for the Fed to pause was a prudent one. And as we head into 2020, the Fed will be easing again. Larry Kudlow indicates a Phase … Continued

Treasury Yields Inch Higher Ahead of Trump Speech

U.S. Treasury yields edged higher on Tuesday as investors looked forward to parsing a speech by President Donald Trump in the hopes of gleaning clues on the state of U.S.-China trade discussions. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -1.30% was up 0.9 basis point to 1.942%, around a three-month high. The … Continued

Fox Sports & NFL Salute to Service with The Mission Continues

On November 10th, we had the privilege of attending the Fox Sports and National Football League (NFL) Salute to Veterans at United States Military Academy at West Point thanks to our partners at The Mission Continues!! Fitting that we spent the Marine Corps’ birthday with Bon Jovi, whose parents are both Marines! Happy Veterans Day … Continued

What a Difference a Year Makes

From the Fall of 2018 through today, this has been one of the largest transformations in market and Fed pricing in the history of financial markets. And similar to the Fall of last year, the latest Fed chatter is speaking with equal conviction now than it did then. Markets Global bond markets are showing signs … Continued