Forgiving the Fed

Stocks rose on Friday, with the S&P 500 and Nasdaq Composite closing at fresh record highs, as tech stocks rallied. Declining Treasury yields also provided a boost, as disappointing factory data and a decline in consumer sentiment solidified expectations for...

The folly of investing target date funds

There is nearly $3 trillion invested in target date mutual funds mostly from 401ks, IRAs and other retirement oiptions. Whether retirement savers in target date funds know it or not, and we presume most don’t, they are mindlessly investing their wealth. The...

Why the G20 summit matters to Wall Street this time

U.S. stocks recovered slightly on Friday but ended up down for the week as anxiety over the G20 summit and the  Federal Reserve turning more hawkish impacted investor sentiment. A lot is riding on the G20 summit this week, especially with notable absences that include...

The Fed tightens the noose

The Federal Reserve pushed interest rates to a 22-year high on Wednesday, with another 25 bps move. It’s not enough for the central bank to declare victory on historic inflation just yet, but it sure looks like markets are charting their next steps, with the CPI...

The Demise of 60/40 Stocks/Bonds Allocation

Following a year in which most time tested investment strategies failed miserably, Blackrock finally accepted that the 60/40 model which has been a bedrock of most asset management firms, financial advisors and 401K plans, has suffered the worst year since the...

The Fed jolts the stock market once again

The Federal Reserve delivered a widely expected 50-basis-point rate hike this week, but surprised the markets by signaling rates would stay high through next year. At the meeting, the Fed revised their median prediction for core inflation in 2023 upwards by...