Bond Market Review – 12/31/2021

Pivots and Divots 2021 will end having seen huge pivots in the markets, Fed policy, politics, and economic recovery. The Fed finally capitulated that inflation is more permanent and finally retired the use of ‘transitory.’ They are as hawkish as they’ve been since the...

Bond Market Review – 12/14/2021

Omicronal Rodeo The markets reacted with renewed panic on the news of yet another Covid variant entering the fray. The first few reports we heard said the Omicron variant was very contagious but not very dangerous. Those continue as even follow–up reports said Omicron...

Bond Market Review – 11/19/2021

Show Stoppers, Eve Poppers, and Job Hoppers The FOMC did not disappoint with their November statement. They held on to their favorite ‘T’ word. However, this time they modified the usage a bit in saying that inflation was elevated but “largely reflecting factors that...

Bond Market Review – 11/02/2021

The Tantalus Armada Comic Steven Wright once said: “I have the world’s largest collection of sea shells. I keep it scattered on beaches all over the world. Maybe you’ve seen some of it.” America’s businesses and manufacturers have large inventories as well, but it’s...

Bond Market Review – 10/12/2021

The Blank Check The debt ceiling was raised enough today to enable the U.S. government to pay its debts through early December. While most of us grow weary of lawmakers refusing to deal with such matters until fear mongering and last–minute theatrics have run their...