Heightened Volatility! Blame the Fed

Volatility returned to financial markets with a vengeance in October. In the 12 market sessions between October 4th and October 19th, eight were negative (a total of -2,324 Dow Points) while four were positive (+940). In those 12 sessions, seven were triple digit; unfortunately, five of those triples were negative. Why the sudden turn and […]

Spiking Rates: The Fed Doesn’t See Economy’s Deceleration

After trading in a narrow range (2.80%-3.10%) for much of Q2 and Q3, interest rates broke wildly to the upside as Q4 began. The real wonder was not the rise in rates, but why they stayed so benign for so long, especially in the face of record low unemployment and what seems to be a […]