Weekly Market Commentary

August 19, 2014

The Cowboy State is being taken over by a herd of central bankers from around the world this week.  Jackson Hole, WY becomes the host of the monetary policy rodeo this time every year at the annual economic conference hosted by the Federal Reserve Bank of Kansas City.


August 12, 2014

Dark days envelop denizens of the Middle East, Ukraine, and West Africa, and the repercussions of unremitting conflicts, U.S. airstrikes, economic sanctions, and Ebola outbreaks are reflected in the daily movement of the financial markets.


August 05, 2014

This year, municipal bonds seem to be favored by investors. We saw this last week when the stock market fell and Treasuries, oil and gold were all clipped by a series of domestic economic indicators and global unrest.


July 29, 2014

The Federal Open Market Committee is meeting, and anything other than a ho-hum reduction in bond-buying to $25 billion could spoil a lot of summer vacations.


July 22, 2014

After a dismal start to the month, municipal bonds have been sailing on U.S. Treasury bond coattails as investors look for safe harbors from world conflicts.  Widespread concerns with Puerto Rico credits weakened the market as a whole in July.


July 15, 2014

Investor concerns over the plunging value of Puerto Rico paper led to the first withdrawals from high yield municipal bond mutual funds in 24 weeks.  A total of $718 million, roughly the equivalent of the last 5 weeks of net inflows, was redeemed in the week ended July 9, and this was mainly attributed to the latest round of credit downgrades.

Follow HJ Sims
Facebook Twitter LinkedIn