The Elephant in the room is the Fed (FOMC- Led by Jerome Powell, Federal Open Market Committee) Pivot – More in just a second…
Party on Garth ?
Being glass half full folks, it is once again hard to temper enthusiasm without seeming negative, but we must call it as we see it … There is a lot of work to be done before we are calling “All CLEAR!”
We are not going to toss out the hurdles, but they do exist for sure and they are numerous!
Back to the Pivot – Stealing this term from a research podcast review while driving to our destination (yaa, yaa, nerds) “The Fed went from looking back to looking forward and as such mentioned the lowering of rates in 2024!”
Pivot meaning, no more rate increases and eventual lowering! Party On Garth… Check out our good friend the 2 and 10 year Treasury Yield! Lower rates are better for values, but chill monthly income eventually!
Here is an exaggerated proxy, the 20 Year Bond to show just how big this move was… Whoa!
While this is the season of Do No Harm, but let the hurdle jumping season begin soon!
Have an awesome “Hold On Garth Party” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
