In my books, the 4 most notable events since I last published ‘Market Thoughts’ on May 26th have been 1) the relentless and almost desperate messaging by various Fed officials that interest rates won’t go up for a very long time, 2) the possibility that the EU may agree to issue common area bonds, 3) unsettling signs that COVID-19 is not yet ready to fade away, and 4) the rise in the polls of the Democrats for this November’s U.S. election. In today’s ‘Thoughts’ I’ll review these four points, discuss graphs that highlight recent market performance, and table a couple of thoughts about what lies ahead including what investors predict forward returns will be for stocks.
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Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.