Some of us are old enough to remember last October, when Federal Reserve Chairman Jerome Powell steadfastly commanded that “The really extremely accommodative low interest rates that we needed when the economy was quite weak, we don’t need those anymore… Interest rates are still accommodative, but we are gradually moving to a place where they … Continue reading
While the ongoing trade dispute with China undoubtedly affected the markets in early December, the big story to borrow a line from the 1992 Presidential Election certainly was “Its the Fed Stupid”. The SPDR S&P500 ETF (SPY) finished the month down -8.8% while the NASDQ 100 (QQQ) ETF was off by -8.7%. Yields on the … Continue reading