You, Your Retirement, and the SECURE Act
You may have missed the news – buried in a much bigger spending bill, and passed in the thick of the holiday season. But after months of nearly bringing it to the finish line, it’s [...]
What does asset allocation mean?
Asset allocation. It’s so ingrained in how we manage our clients’ investment portfolios, we talk about it all the time. But what is it? What are assets, and what happens when you allocate them? Asset [...]
The Yield Curve
The yield curve is flattening (or growing steeper)! … Yield curve spreads are widening (or narrowing)! … The yield curve has inverted (or normalized)! Headline-grabbing yield curve commentary somehow sounds important, doesn’t it? But what [...]
Tax cuts and GDP growth
Do lower taxes cause faster GDP growth? Your answer will hinge on what economic theory you subscribe to. The fundamental idea of supply-side economics is that tax cuts cause economic growth. This theory is grounded [...]
Cost of US short-term borrowing on the rise
The US government is spending, and fixed income investors are demanding higher interest rates in return to lend to Uncle Sam. The recent tax reform coupled with congress raising the debt ceiling requires the US [...]
Inflation is back, maybe
The recent stock market selloff in early February was attributed to the CPI data released on February 2nd. The Federal Reserve Act establishes the statutory objectives for the Federal Reserve - maximum employment, stable prices, [...]