Archive for February, 2014
January 2014 – Monthly Commentary
January 2014 The capital markets have vacillated wildly during the first six weeks of 2014. Investors dumped equities in January in what appeared to be a calendar-related attempt to lock in the outsized gains of 2013. As the selling swelled, so did the price of U.S. Treasury bonds. For the month, the yield-to-maturity of the 10-year Treasury note fell to 2.64% from the 3.02% year-end closing yield, reversing a portion of the sharp selloff experienced is ...
Financial Times – 1/30/14
“Stocks have been under pressure this month and there is a feeling that as goes January, so goes the year,” says Michael Kastner, managing principal at Halyard Asset Management. “I think both stocks and bonds are getting it wrong here, yields should be higher and I suspect investors like last year will be rewarded for buying stocks as they pull back.” Investors encounter Fed stuck on Autopilot
