Managing Equity and Markets

Last Friday’s unemployment report came in much stronger than expected (although I think part-time jobs had a big effect). It more than doubled expectations! Those wishing for lower rates were stung by this data as it provides gunpowder for the Fed to increase them. It will also help support the a...

Sorry for being a day late this week, I was celebrating my anniversary this weekend, so no work at all. We have a little bit of a longer newsletter this week since we are coming off the back of the most important week of the year. The first part of last week played out exactly as it did in the pa...

It’s time for another Weekly Rate Watch where my goal is to help provide value to you and your clients when it comes time to talk rates. Should you ever have any questions at all, please do not hesitate in reaching out. I’m always here to help. Let’s begin! We have the biggest week YTD coming up,...

After some drastic increases, rates have leveled off and even seen some improvements.Home prices have stopped going up at a 20% clip but are still appreciating here in CA. If I am right now is a great time to buy a house with a plan to refinance in 30 months when rates come down again.HAVE A GREA...

So I wrote the rate watch for this week, but somehow it did not get posted. SO now we can look back and see if it met expectations. OoopsThe “official” reports showed inflation popping up to 9.1% and the market reacted in a very volatile way. The Fed is meeting next week to discuss monetary polic...

We saw rates pop last Friday. This was due to a strong jobs report. If there is strong economic data, the Fed will translate that data to mean the economy is doing well (and no need to fear a recession) and therefore more aggressive rate hikes to battle inflation are warranted. The markets will c...

Playing golf today so I’m going to keep this one short and sweet. We hear from some Fed presidents this week and receive some labor statistics. In The News Wednesday  Job Openings and Quits FOMC Minutes  Thursday  Initial and Continuing Jobless Claims St. Louis Fed President James Bullard Speaks ...

  The Fed has become more hawkish in its public stances. I said in an earlier newsletter that “soft landing” is for 2022 as “transitory” was for 2021. All made up for our entertainment. The expectation for July used to be a 50bp hike. After the latest inflation report and hearing from the Fed mem...

Happy Belated Father's Day! As I expected, the Fed took the opportunity that the inflation numbers presented and raised rates by 75bps. During Fed Chairman Powell’s speech, he mentioned how he wanted to “moderate demand” because it was too high. This is something I have been talking a lot about: ...

In The News The story that is controlling the media right now is inflation. Friday’s numbers showed inflation came in higher than expected and at a new 40-year high. The markets reacted accordingly: a stock market sell-off and mortgage rate increases. The problem now is that this opens the door f...