Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
Whether it’s Jerome Powell or KRAFT-HEINZ, there is an abundance of backtracking taking place in recent current events. Even President Trump had a good day in some press outlets when Mr. Mueller announced, “No Collusion” – or as Muhammad Ali might have said, “A Collusion Illusion.”
After a remarkable sell off in December, the U.S. stock and credit markets rebounded sharply in January. One thing that has become dramatically clear after the volatility of December, is the power of computerized trading in the stock market. There is no doubt that if Wall Street can find an advantage they will take it!
Who would have thought these two little words could move the U.S. Stock Market up 600 points? As of January, the one-month treasury was 1.29%, and by November 2018, it was 2.31%.
Debt, debt and more debt. Wherever one looks, government debt, student debt, auto loans, consumer credit and leveraged buyouts are growing.
There is no dis-Putin that the recent Trump-Putin Summit in Helsinki gave the news networks plenty of fodder for discourse.
