Don't look now but the 10yr yield is almost trading with a 1 handle. With the 10yr down 37bps on the year and now trading at 2.06%, 1.99% is just in sight. This is a psychological barrier that could spark a game changing attitude about growth and the long term prospects for rates.
Anyone who read an economics textbook from 1970 to 2000 most likely came across a chapter on inflation. Are we really in an environment where we need to fear inflation?
For rates to drop a few things would need to happen, but the big two are inflation and jobs. See what's in store!
It is without a doubt that if you were an investor in March of 2009, you should have bought stocks when uncertainty around the economic future thanks to the Financial Crisis was at its peak. Today marks the 8yr anniversary of the” bottom”.
The case for rates staying relatively low is somewhat backwards facing but here are the main points to consider.
The first 100 days of the new administration begins as President Trump and his team race to action during this most influential time of his presidency.
Total US retirement assets are valued somewhere around $25 trillion and have likely increased with the latest stock market rally since Election Day.
Today the FOMC raised the benchmark interest rate by 25bps to the range of 0.50 to 0.75%. This was widely anticipated and the decision by the committee was unanimous.
Jason had the unique fortune to be in London shortly after the Brexit vote just a few weeks ago and talked to a few Brits about their opinions on Brexit itself.
It doesn't take a rocket scientist to realize that 2016 is starting almost identically to 2015.