When Push Comes To Shove, The Fed’s Got Nothing
Article By:
Jeffrey P. Snider
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Wednesday, September 18, 2019 11:11 PM EDT
According to DTCC’s repo #s, there’s a good chance fed funds was outside the range today, too.
EC Back-To-Back: Fed Cuts Rates Again Amid Murky Outlook
Article By:
Russell Investments
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Wednesday, September 18, 2019 8:31 PM EDT
The U.S. Federal Reserve followed through on its July rate cut with another 25 bp reduction in its policy rate today, a move widely anticipated across the gamut of economists and investors but recently in doubt.
US: Fed Underwhelms With Another Cut
Article By:
ING Economics
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Wednesday, September 18, 2019 4:00 PM EDT
The Federal Reserve has delivered another 25bp rate cut but has provided a confusing message of upwardly revising its GDP forecast despite being concerned about growth while ignoring the recent pick-up in inflation completely.
In this article: IEF
Fed Issues Second Rate Cut Of 2019
Very Divided FOMC Cuts Rates As Expected, Fails To Address Liquidity Crisis, Sees No More 2019 Cuts
Article By:
Tyler Durden
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Wednesday, September 18, 2019 2:36 PM EDT
Fed cuts both the fed funds (by 25bps to 1.75%-2.00%) and IOER (by 30bps to 1.8%) rates as expected, but does not expect any more rate cuts in 2019; the terminal rate was kept unchanged at 2.5%.
Stocks, Oil, And Bond Yields At Critical Bullish Breakout Tests
Article By:
Chris Kimble
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Wednesday, September 18, 2019 12:24 PM EDT
It’s not often that three asset classes reach similar important trading points all at once. But that’s exactly what’s happening right now with stocks, crude oil, and treasury bond yields.
Inflation Breakevens: A Core Holding
Article By:
Kevin Muir
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Wednesday, September 18, 2019 10:18 AM EDT
Although many investors understand that TIPS are designed to offer an investor a way to insulate their bond against inflation, less recognize these securities offer a way to bet on inflation.
The Weird Obsessions Of Central Bankers, Part 2
Article By:
Acting Man
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Wednesday, September 18, 2019 9:39 AM EDT
Interest rate manipulation and money printing distort relative prices in the economy, which throws economic calculation into disarray.
Caution: Mean Reversion Ahead
Article By:
Michael Lebowitz
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Wednesday, September 18, 2019 8:45 AM EDT
In the 20 months from May 2016 to January 2018, the S&P 500 delivered annualized total returns of 21.9%. In the 20 months since January 2018, it has delivered annualized total returns of 5.5% with significantly higher volatility.
In this article: SPX
The Weird Obsessions Of Central Bankers
Article By:
Acting Man
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Wednesday, September 18, 2019 8:02 AM EDT
None of the “non-standard” monetary policies implemented by the ECB and other central banks have even met their stated goal of boosting price inflation, not to mention economic growth.
E Market Briefing For Wednesday, Sept. 18
Article By:
Gene Inger
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Wednesday, September 18, 2019 3:30 AM EDT
As most call for rate cuts, note that inflation is creeping higher. Hence the Fed should not cut. There is actually no legit reason to cut rates further.
Manic Market Moves
Article By:
Bespoke Investment Group
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Tuesday, September 17, 2019 11:17 PM EDT
From the massive rotation into value stocks from momentum last week to the moves in oil yesterday and today, it’s really hard to tell how the underlying trend in markets is going to play out.
In this article: IEF
Review Of Model Portfolios
Article By:
Richard Shaw
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Tuesday, September 17, 2019 8:59 PM EDT
Remember that asset allocation is a far more important determination of your investment returns and portfolio volatility and periods of maximum drawdown than the specific securities you chose to represent asset categories.
U.S. Muni Market: Munis Caught In Crossfire Of Interest Rate Volatility
Article By:
Interactive Brokers
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Tuesday, September 17, 2019 7:31 PM EDT
Issuers of U.S. municipal bonds continue to benefit from ultra-low interest rates, while bondholders recover from recent losses.