‘Fed Speak’ Confirms Rotation

‘Fed Speak’ Confirms Rotation

Weekly Summary: September 20 – 24, 2021 Key Observations: The Fed previously had focused on looking through coronavirus cases so that it could label inflation as “transitory.” This is the first time it is looking through the negative effects resulting from the Delta...
Momma Said There Would be Days Like This

Momma Said There Would be Days Like This

Market Observation – September 20, 2021 Today’s “risk off” day – lower yields and lower equity prices – was prompted by reports that China’s second largest developer, Evergrande, will be unable to meet its upcoming interest payments. According to a BBC...
Downturn is Transitory

Downturn is Transitory

Weekly Summary: September 13 – 17, 2021   Key Observations: The 10-year Treasury yield traded in a relatively narrow range — between 1.28%-1.35% — from September 1, 2021, through the 16th of the month, with only two of those days below 1.30%. Thus, we believe...