Join us for the next edition of our monthly series where each of our team members at TFP share something their reading that we think you might enjoy too.
Bob Heykoop’s Choice: First Trust – Housey’s Income Insights
Hopefully we can all say “Happy New Year” as we look forward to 2024 in the fixed income markets. William Housey, CFA shares some great data with us in his 2024 Q1 Income Insights. “After all, the bond market is now pricing in approximately 150 bps of rate cuts in 2024”
Evan Barnes’ Choice: LPL Financial – Weekly Market Commentary
Will the Fed be able to accomplish a soft landing? This is the question that the market has been focusing on since the Federal Reserve started increasing interest rates to combat surging inflation. LPL Research discusses the strength of the US economy, the labor market, consumer spending, and more, in their weekly market commentary from February 12th, 2024.
Drew Barnes’ Choice: LPL Financial – Weekly Market Commentary
We all know that past performance is not indicative of future results. However, history is our best guide into future. The stock market (as measured by the S&P 500) was positive in the month of January. Read this piece by LPL Research to learn what that has historically meant for the stock market for the full year.
Andrew Rhoads’ Choice: Kiplinger – Two Keys to a Happy Retirement: Health and Wealth Plans
In this article you will see why your health and wealth should work in harmony. Start planning today to make sure you will be both physically and financially healthy and are on track to enjoy a long retirement!
Pete Koury’s Choice: LPL Financial – Client Letter
Here is the Monthly Client letter LPL Research from just last week. In it, Dr. Jeffrey Buchbinder, CFA and Chief Equity Strategist see’s “ a resilient US Economy, easing inflation and growing earnings” but is cautious about “ High valuations and geopolitical risks”. Please take the time to read the full Client letter.
Bryan Boll’s Choice: JP Morgan – Eyes on the Market
The Consequences of Armageddonism
From 2011 to 2016, these pundits each proclaimed at some point that the sky was falling. We computed the returns investors would have missed out on by switching from stocks into bonds when their predictions occurred; the resulting underperformance ranged from 30% to 60% by the end of 2019… To be clear, investor sentiment is currently very bullish, leverage is elevated and markets are pricing in a lot of good news. I would not be surprised to see some kind of correction later this year. If history is any guide, the Armageddonists will pick that point in time to tell you that it’s going to get a whole lot worse.
*Certain information contained herein has been obtained from third party sources and such information has not been independently verified by TFP. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by TFP or any other person. While such sources are believed to be reliable, TFP does not assume any responsibility for the accuracy or completeness of such information. TFP does not undertake any obligation to update the information contained herein as of any future date.
