Weekly Market Commentary, March 31, 2015

March 31, 2015  | By Robare & Jones

The Markets So, when is the Federal Reserve going to increase the rate for overnight borrowing? It’s a question that has plagued bond investors throughout the first quarter of 2015. In January, 10-year Treasury yields fell as low as 1.6 percent. Early in March, they rose to about 2.2 percent before falling back below 2.0 percent. The Financial Times reported: “Higher volatility is typical when markets are on the cusp of a major turning point, and that has been the … Read More

Weekly Market Commentary, March 24, 2015

March 24, 2015  | By Robare & Jones

The Markets Financial markets gave the Federal Reserve a standing ovation last week. At least, that was Barron’s interpretation. What did the Fed do to deserve it? “…the Fed did what everyone expected, signaling that it could raise interest rates at any meeting starting in June. Yet, Yellen and team still found a way to assure the market that it wouldn’t do anything rash, insisting that the labor market would need to strengthen further, and that inflation would have to … Read More

Weekly Market Commentary, March 17, 2015

March 17, 2015  | By Robare & Jones

The Markets Franklin D. Roosevelt’s first inaugural address was delivered in 1933 in the midst of the Great Depression. He said, “This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself – nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.” Last week, some were speculating fear and uncertainty were behind … Read More

Weekly Market Commentary, March 10, 2015

March 10, 2015  | By Robare & Jones

The Markets If you looked at last week from the perspective of the children’s book, If You Give a Mouse a Cookie, it might have gone like this: If you give the United States a positive employment report, Investors are going to ask whether interest rates will move higher. When they conclude the Federal Reserve may increase rates sooner rather than later, American stock markets may dip lower… Yes, last week was one of those weeks: When good news triggered … Read More

Weekly Market Commentary, March 3, 2015

March 3, 2015  | By Robare & Jones

The Markets “Well, I never heard it before,” said the Mock Turtle; “but it sounds uncommon nonsense.” It was an Alice in Wonderland week. European countries, companies, and entrepreneurs were getting paid to borrow money, and ordinary Joes with money in some European banks got letters saying the banks would be charging to hold their money. The New York Times reported: “The most profound changes are taking place in Europe’s bond market which has been turned into something of a … Read More