Weekly Market Commentary

November 18, 2014

Election Day certainly produced a number of surprise endings, and we tip our hats to all who were gracious in accepting their wins and losses.  Some won on the issues or lost because a majority casting their votes wanted change.


November 11, 2014

The first week of November ushered in changes that could be seen in everything from the weather to the composition of the U.S. Senate.  Fall was the theme, and it encompassed the surprise snow in South Carolina as well as the change of control of 11 state legislatures and the upper house of the United States Congress.


November 04, 2014

Voters went to the polls on Tuesday and produced today’s headlines replete with upsets and margins, turnouts and recounts. We now have a few lame ducks and muddled mandates, starry-eyed freshmen, and staggering new campaign spending records.


October 28, 2014

None of the officials in the Federal Reserve System are on the ballot in November, but they are charged with promoting the popular but elusive goals of maximum employment, stable prices, and moderate long-term interest rates.


October 21, 2014

With its new motto “California Rocks!”, the California Earthquake Authority is in the market this week with a $350 million taxable financing rated A3/NR/A.


July 08, 2014

Historically, the days leading up to the July 4th holiday are slow and uneventful as trading desks are lightly staffed and attentions drift toward barbecue and beach plans. Not so last week. In response to Puerto Rico’s new debt restructuring law, large mutual and hedge funds began a sell-off which caused the prices of Commonwealth and public corporation bonds to plummet.

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