Hand Writing Commentary

November 17, 2016

We finally have the volatility and higher rates that this market has been craving for some time. Yes, those higher rates are going to translate into lower portfolio valuations, but it also translates into much better opportunities when deploying capital. Also, while I would expect the volatility of the last week to continue going forward, Read More …

September 2, 2016

Both stock and bond markets have been in a period of extremely low volatility for nearly two months now. The 10-year treasury rate has been trading in a narrow range of 1.48%-1.62%, and the S&P 500 hasn’t moved outside of its 2150-2190 range in that same period of time. Markets remain quiet, waiting on a Read More …

July 12, 2016

Since, the June 23rd Brexit vote, we have been in a new, even lower interest rate environment. Following the vote, the 10-year immediately dropped to 1.45%, eventually reaching a low of 1.35%, and is now back to 1.45% this morning. Yesterday it was announced that Theresa May would become the new Prime Minister of Great Read More …

June 24, 2016

‘Brexit’ Has Happened! Yesterday the United Kingdom voted, roughly 52% to 48%, in favor of leaving the European Union. Even as the votes were still being counted yesterday, markets were already in motion and reacting to the news. Equity futures were down over 5% at one point (now only 2.5%), and the 10-year treasury yield Read More …