The Fed’s Early Holiday Gift for Markets: Two Turtle Doves?

Rhea Thomas |
Wilmington Wire

Fed Chair Powell’s speech at the Economic Club of New York on November 28 brings to mind “The Twelve Days of Christmas,” the age-old English Christmas carol that seems to be ubiquitous on the radio and in stores around this time of year. After Powell’s notably hawkish Oct 3 comments about rates being “a long way from neutral”—precipitating a sharp market selloff from which the market has not yet fully recovered—his latest comments took a more dovish tone.


Capital Perspectives October 2018

Tony Roth |
Investment Management

In the October issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth discusses how, despite the economic and other potentially significant risks that are present, the economic outlook bodes well for the aging-but-still-raging stock market.In Focus examines the wisdom of investing new cash in a stock market that is trading at or near all-time highs, years into a bull market—and what’s happened to “buy low, sell high.