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...

We are in a recession but does Wall Street care?

So is it a recession or not? Gross domestic product fell at a 0.9% annualized rate in the second quarter after a 1.6% decline in the first three months of the year. This means that the US economy shrank for a second straight quarter, which technically means a...
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