Another day and another day of interest rates moving in a narrow range–while it is boring as hell I kind of like watching dividends and interest hit the accounts without my capital moving much at all.
We keep getting economic news that leaves us with no answers as to where the economy is heading next. Will it continue to slow gradually or will we just plod along? Retail numbers released this morning showed a softening in consumer spending–but at the same time we have had recent consumer sentiment numbers showing great improvement.
Today of course we have the FOMC meeting starting with results being announced mid day tomorrow—will it move markets? I think things will move, but maybe I will get surprised and equities and interest rates will just sit where they are at.
The list I maintain of issues that could show some super capital gains if interest rates move lower, remains in place and while I am itching to buy some of them I’m going to resist. I’m waiting on congress–the fiscal conservatives are hanging tough in the senate, but who is going to cave? Like most here, I am sure, I am skeptical of a solution being found, but I can always hope.
No reason? HA I’m always buying and selling. Yesterday I was reaching for split rated 7’s and an 8.25. Most have collapsed to near par. Are you going to take advantage of price action, or wait months and wish you had struck while you had the price. Review 4/7-4/8 prices.
The 90-day “pause” on Trump’s tariffs expires on July 9th.
I want to wait and see what happens there before taking any big swings.
Rate cuts/raises don’t happen out of the blue except in emergencies. Powell likes to give markets plenty of advanced warning. Spite? Gimme a break.
I’m just waiting to hear Trumps new insult if JPOW doesn’t lower interest
Rates. You know he won’t be silent. Will JPOW keep rates unchanged out of spite? Maybe.
Hi Timothy
Do you also have a list if interest rate move higher?
One never knows for sure of course, but looks very possible…
TD—no I don’t, but it is just as likely as lower. Anything perpetual or any baby bond which matures more than 10 years out will get spanked if that happens.