Bonds, Forgotten Asset, Incredible Value
The past eighteen months have been a bit of a roller coaster ride for investors, with both stocks and bonds declining sharply in 2022 and rebounding in 2023.
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The past eighteen months have been a bit of a roller coaster ride for investors, with both stocks and bonds declining sharply in 2022 and rebounding in 2023.
Investors and media outlets have been focused on the concept of a soft landing and a pivot back to a world of rock bottom interest rates.
Every year seems to have a phrase or theme that gets discussed repeatedly and becomes the dominant headline for the year.
After a decade of robust market gains, 2022 has begun much differently, with inflationary fears and conflict in Ukraine sapping the strength from animal spirits and sending US markets to their first negative quarter since COVID began in early 2020.
By Michael Paciotti, CFA “Speak softly and carry a big stick; you will go far.” – Theodore Roosevelt Executive Summary • With inflation continuing to press above 7% at the consumer level, markets are now pricing in an 83% probability of 6 or more 25bps rate hikes by the Fed in 2022, simultaneously imparting aRead More