Welcome to the same
A new year begins and guess what? Everything basically stays the same. Sure, New York City got a new mayor and the Patriots are one weekend closer to a Super Bowl win, but besides that the markets and interest rates have stayed put, the economy continues to sputter along and we are all that much closer to spring. Sure, we did see a little pullback in equities over the last few days but nothing of substance. Rates in the new Yellin era are expected to go up but the market’s reaction to the news of her confirmation was muted, to say the least. I believe that we’re going to have […]
Another year older, a new one about to begin…
As 2013 draws to close, the print and broadcast media are filled with stories of what was this year and what will be in 2014. It is clear that 2013 was tough for the global economy, stock market performance notwithstanding, and the investment management industry. The news of the year was a big mix of good and bad stories from around the globe. And while we all continue to think how the tapering will affect the economy and the actions of a post-Bernanke Federal Reserve, there is quite a lot of work to be done to prepare for the New Year. Managers need to look back and dissect what worked […]