The Election, Interest Rates, Nuclear Energy
Donald Trump is heading back to the White House in 2025. While the outcome was more widely anticipated than in 2016, it still sent waves through financial markets. Stocks hit new all-time highs as interest rates and the dollar rose. The jump in...
With the Federal Reserve (Fed) cutting rates, what is the outlook for future mortgage rates?
Why are mortgage rates still stubbornly high despite the Fed easing rates? Understand the potential trajectory of future mortgage rates and explore key factors like housing demand, mortgage rate spreads, and market trends impacting rate movements.
Today’s AI Investment Boom in the Context of History
How short-term bubbles can lead to revolutionary innovation and in turn, long-term economic growth. We anticipate the AI investment boom to follow the same patterns we’ve seen throughout history. Last Thursday, Nvidia...
The Draw of Higher Interest Rates, China’s Lockdowns and Effects on Supply Chain, Pandemic Era Fiscal Policy’s Impact on GDP
Investor sentiment is reaching dire levels. The U.S. 10-year Treasury Inflation-Protected Securities (TIPS) yield is in positive territory for the first time since 2019, as higher interest rates bolster the...
BCM 1Q22 Market Commentary: Investors Question the Role of Fixed Income but It Hasn’t Changed
As we reflect on another quarter, it’s astounding how rapidly the prevailing narrative changes. Last quarter we were cautiously optimistic that Omicron would push the world towards a “living with Covid” reality...
Yield Curve Inversion, Market’s Expectations of Federal Funds Rate, and Inflation’s Effect on Discretionary Spending
The long end of the yield curve just inverted for the first time since 2006. The flattening yield curve reflects the market’s expectations of future Federal Reserve tightening and its impact on the economy...