Is it Worth Paying Attention to The Fed?

David B. Armstrong, CFA Weekly Market Commentary

The Fed’s 9-1 decision the other day to leave the policy rate unchanged was not a shock or surprise to anyone.  But, the Fed did telegraph a polarity shift to the markets and equities gained slightly on future rate cut optimism (the S&P 500 was up about 0.3%) while the 10-year yield declined to around 2.03%.  I’m guessing there is a 95% certainty the …

Being Boring

David B. Armstrong, CFA Weekly Market Commentary

Global markets surged higher this week, boosted by falling (read: diving) interest rates as bad economic data led most pundits to predict multiple Fed cuts this year. Everyone has heard the saying, “Bad news is good news,” but that’s usually not the case if the news is actually really bad. So is it? Well, it’s true that the global economy …