“Here's when US equity and bond markets will change direction,” Cali Money Man grumbled a few days ago. He is a wealth manager and has been on the job at brokerage firms and large banks through three phenomenal crashes. Unlike others, he hasn't forgotten the craziness that led up to them.
“When investors come to fear the next Fed-talk, that's when markets will change direction,” he said. “Now they bid up risk in advance on confidence – and afterwards on reassurance – that ZIRP will continue. But eventually they'll focus on the start and pace of tightening. Fed-speak will assume an [...]
The primary election campaign season unofficially concluded Tuesday (Aug. 19) with the outcome of the Alaska Senate primary, which was the last key nomination contest prior to the general election. While there were a few high profile surprises during the primary season, this year's primary elections do not appear to have affected the general election outlook to the same degree that primary outcomes have over the last couple of elections.
The focus is now on the general election on November 4, where Senate Republicans hold 45 seats and need a net gain of six seats to win [...]