Weekly Update: Good morning! There is now over 41 trillion of government debt with negative yields. Yes, it is hard to believe this. Why would anyone give a government money and receive less when it matures? There must be a belief that the other options are a lot worse. Fear can drive irrational actions, and it appears to be working. Margin contraction is our biggest concern as we look forward.
Introductions and the FOMC.
Weekly Update: Good morning! Before the weekly update, I would like to introduce our new team members in our Los Angeles, California office: Mr. Dan Frilot Dan is a Senior Consultant on the ALM Team at McQueen Financial Advisors in California. Dan has over 30 years of experience in the financial services industry, including 25 years working directly with financial institutions. Prior to joining McQueen Financial Advisors, Dan was Senior
Weekly Update: Good morning! I would like to introduce the MFA team members in our Albany, New York office: Mr. Matt Behar Matt is a Financial Consultant at McQueen Financial Advisors’ New York office. Matt has more than 25 years of experience in the financial industry. Prior to joining McQueen Financial, he was the Assistant Vice President of Asset/Liability Management (ALM) Consulting for Balance Sheet Solutions. Mr. James Mathews Jim is an
FOMC rate cut?
Weekly Update: Good morning! When I was a kid, I can remember my Father saying, “Just relax and hold on a second.” I now laugh as I hear myself say the same words to my daughter. It is the full circle. With the “just relax” statement in mind, I think of the FOMC, Federal Funds futures, and the media. We have gone from a “guaranteed three rate cuts in 2019”
Summer is in full swing.
Weekly Update: Good morning! Summer is in full swing. Wimbledon seemed to have two winners. Novac Djokovic came away with the trophy but Roger Federer, at 37, came away with an incredible feat, and a winner as well in his perseverance and play. Lasting 4 hours and 57 minutes, the match was record-breaking on all fronts and would have probably kept going if not for the new tie-breaker rule.
Weekly Update: Good morning! Happy July 8th: A few fun facts: We are in the longest expansion recorded; we are ten years and eight days into this economic expansion. Jobs – from a bad report to now a good report (I am not surprised). The economy looks good. Other thoughts of the day (new things to worry about or celebrate): Does anyone know all 19 Democrat presidential candidates’ names? I
Summer is here.
Weekly Update: Good morning! Happy July 1st: Summer has finally arrived in the northwest part of the country. The temperature has been in the mid-80’s and the ice cubes are in the drinks and not the lake. This will be a slow week due to the Holiday. The bond market (and our office) is closed on the fourth of July therefore, the fifth of July may be a little quiet.
Reflection on Reflection.
Weekly Update: Good morning! Today’s Title: Reflection on reflection. Last week, I wrote about reflecting on the past few weeks speculation of the FOMC and the perceived need to lower interest rates. I stated, “I think we all need to take a step back and think clearly about the question being debated – Will the FOMC lower the Federal Funds rate any time soon?”. I want to thank all of
Weekly Update: Good morning! Today’s Title: Reflection. As I sit along the water’s edge, I see the reflection of the sun setting and the moon rising. This serene moment encourages me to reflect on the past week. News anchors’ have been talking, economists have been prognosticating, and the world is speculating: “Will the FOMC lower the Federal Funds rate any time soon?”. I think we all need to take a
We are inverted.
Weekly Update: Good morning! To quote Charley this past Saturday, “The election process has started again? Seriously?” Elections: It has started again. Nineteen of the twenty (yes 20) Democratic presidential hopefuls visited Iowa this weekend to raise money. I will now be turning off the TV for the next year. US Treasury yields: US Treasury yields are very low, again. Mortgage rates are back under 4.00%. Yields: 3-Month Treasury =