Archive for December, 2013

Financial Times – 12/19/13

December 20, 2013  |   Financial Times,In the News   |     |   0 Comment

“For the time being the Fed is doing a good job with its forward guidance but if the economy cranks up, they will look foolish saying rates will stay low for longer,” says Michael Kastner, managing principal at Halyard Asset Management. “No matter what the Fed may say, the market will price in a closer start date for rate hikes if the data warrants that reaction.” Fed ...

November 2013 – Monthly Commentary

December 12, 2013  |   Monthly Commentary   |     |   0 Comment

November 2013 The barrage of better than expected economic data witnessed in October continued through November and into the early days of December. With the improvement in growth, investor confidence has risen markedly from the doom and gloom days of the government shutdown.  Reflecting the improved confidence, bond prices fell off and equity markets rallied.  . As we anticipated at summers end, investors have reversed their aversion to credit and have been buying the various sectors despite ...

Financial Times – 12/10/13

December 11, 2013  |   Financial Times,In the News   |     |   0 Comment

Michael Kastner, managing principal at Halyard Asset Management, plays down the likelihood of a taper decision next week but adds: “The Fed has been so wishy-washy about the taper this year, you can’t rule out a December taper.” Investors take Fed taper fever in their stride