NOTES

August 6, 2019

Good Afternoon:

It has happened.  Rates have crashed (bond prices up) since our note from last Wednesday.  

The stock market woke up; bonds are sexy, and risk is real.  Risk sure happens fast.  

At this point, Gold and Long-term...

August 1, 2019

Good Afternoon:

Today, the Federal Reserve cut the Fed Funds rate.  During this interest rate cycle the maximum short term rate reached roughly 2.5% - for a brief time.

We have belabored this topic for several months, but the intellectual acceptance ne...

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