Market Musings

| May 22, 2018
Share |

The Fed Is On The Wall

I don’t know if you’ve seen this but Atlanta Fed President Raphael Bostic has just walked back some of the hawkish rhetoric from the Fed. Bloomberg quoted him last week as saying, “I have had extended conversations with my colleagues about a flattening yield curve. Regarding the curve going from flat to inversion. We are aware of it. So, it is my job to make sure that doesn’t happen.” Translation: Chill out. We aren’t fools. We aren’t going to tighten so much and so quickly that the US has a recession because of it. | ~Edward Harrison

Can ETF’s Cause A Bubble

After my post yesterday on how to properly use index funds and ETF’s, the topic of can an index be in or cause a bubble was brought forth. Based on the appended data most likely not:

  • ETF Ownership of US stocks = 7%
  • ETF Ownership of US Bonds = 2%
  • ETF Ownership of Gold < 1%

Here’s the rub, this may not be the case for certain sub-sector, such as high-yield bonds.

How Bad Was 2008?

All told, 585 unique funds made money vs. 6,013 that suffered a negative return. The vast majority of those 585 were bond funds, mainly int/short-term taxables and munis. fwiw. | Jeff Ptak of Morningstar

Chart of the Day

Say What?

Roughly 14,000 tons of sunscreen flow into coral reefs every year.


Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O


Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Meyer Capital Group), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Meyer Capital Group. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Meyer Capital Group is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Meyer Capital Group’s current written disclosure statement discussing our advisory services and fees is available for review upon request.

Share |