Tag Archives: U.S. Federal Reserve
2019: A Market Review
With 2019 coming to a close, market participants may use the time to evaluate portfolio performance and to assess what changes (if any) they would like to make based on return expectations and the market outlook. While the future is uncertain – hindsight really will be 2020 when it comes to evaluating next year’s returns…
- Categories S&P 500 & DJIA
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Leveraged Loans in a Rising Rate Environment – Carry Factor Dominates
Since the end of 2015, the U.S. Federal Reserve has raised the policy rate eight times to currently 2.0%-2.25%. The minutes of the recent September FOMC meeting reiterated the committee’s positive growth outlook and confidence on 2% inflation. Market players continued to catch up on pricing future Fed hikes. Currently the market is implying approximately…
- Categories Fixed Income
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- Categories
- Fixed Income
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Musings of a Market Commentator
The S&P DJI index strategy team has for several years produced a variety of monthly and quarterly index dashboards. Earlier this year, we began to provide a daily summary of what S&P DJI indices and research are telling us about the markets on a day-to-day basis. (The summary is e-mailed daily to subscribers; see the…
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Rising Rates Arrive
Which of the figures below belong together? It’s obvious, even if analogies aren’t your strong suit, that A is like C and B is like D. A and C are not like B and D. The economic relevance of this simple visual exercise is this: At its March 2017 meeting, the Federal Open Market…
- Categories Equities, Factors, Fixed Income, Strategy, Uncategorized
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defensive strategies, Equities, Equity, Fed Funds Rate, Fed Policy, Fed Rate Policy, Federal Funds Target Rate, Federal Reserve, high beta, Higher Interest rates, institutional investor, interest rates, low volatility, Raising Fed Funds, rising rates, risk, S&P 500, S&P 500 (TR), S&P 500 High Beta Index, S&P 500 Low Volatility, S&P 500 Low Volatility High Dividend Index, stock
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- Equities, Factors, Fixed Income, Strategy, Uncategorized
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- defensive strategies, Equities, Equity, Fed Funds Rate, Fed Policy, Fed Rate Policy, Federal Funds Target Rate, Federal Reserve, high beta, Higher Interest rates, institutional investor, interest rates, low volatility, Raising Fed Funds, rising rates, risk, S&P 500, S&P 500 (TR), S&P 500 High Beta Index, S&P 500 Low Volatility, S&P 500 Low Volatility High Dividend Index, stock
Gold & Silver: Fed Rate Hike Vs Mine Supply
Two factors tend to consistently influence gold and silver — interest rate expectations and mining supply. Changes in interest rate expectations typically exert a short-term, day-to-day influence that is exogenous to the metals market while mining supply has a long-term, year-to-year influence that is endogenous. Precious metals prices seem to exert little to no influence…
- Categories Uncategorized
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- Uncategorized
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Rising Interest Rates May Not Have an Immediate Impact on Senior Loan Rates
Following months of uncertainty, the U.S. Federal Reserve has indicated that there could soon be a hike in the Federal Funds Target Rate. Interest rates have been kept in a range between zero and one-quarter of a percent since December 2008 and have not risen since June 2006. As interest rates have been at historically…
- Categories Fixed Income
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- Categories
- Fixed Income
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