Cash is king from a risk vs. reward perspective.
The only effective way to deal with a bear market is to prepare for it ahead of time.
James Bullard, president of the Federal Reserve Bank of St. Louis, was the only member of the Federal Reserve's monetary-policy committee to vote this week for a cut in the official U.S. interest rate. The panel majority, led by Chair Jerome Powell, voted to keep the rate at 2.25% to 2.5% but warned of risks to the U.S. economy.
The Fed's monetary-policy committee voted to keep the benchmark U.S. interest rate at 2.25% to 2.5%, but warned of risks to the U.S. economy and dropped a pledge to remain 'patient' on future rate cuts.
The Federal Reserve's monetary-policy committee, after a two-day meeting that culminates on Wednesday, is likely to scrap a pledge for 'patience' on setting interest rates, paving a way for a rate reduction in July, according to economists at Deutsche Bank.
Builders started 1.269 million new home-construction projects during May, the Census Bureau says, down from the prior month's 1.29 million. But the figure for housing starts still exceeded Wall Street expectations for 1.245 million new projects in May.
There's a lot going on right now and the markets (and media) have difficulty latching on to more than three or four stories at a time.
My thesis all along has been that an attempt to normalize the yield curve must be made, therefore I would choose to be proactive.