| Today the Federal Reserve raised the Fed Funds Rate by 75 basis points, 25 basis points higher than they originally announced at the May meeting. With stubbornly high inflation, the Federal Reserve was clearly behind the curve, and today, they made a significant step forward. The Federal Reserve is taking the most aggressive policy stance in decades, and the U.S. Stock Market rallied on the news. While we are happy |
Coolness under pressure is what makes a combat veteran so very good at managing money through challenging market cycles. It is a philosophy that Riggs’ founder, Bob Graham, has embedded in the investment team. We sat down with Bob recently and asked him a few questions about the current market correction and where he sees opportunities in the future. We thought you might enjoy his perspective.
You have been …
Coolness under pressure is what makes a combat veteran so very good at managing money through challenging market cycles. It is a philosophy that Riggs’ founder, Bob Graham, has embedded in the investment team. We sat down with Bob recently and asked him a few questions about the current market correction and where he sees opportunities in the future. We thought you might enjoy his perspective.
You have been investing since 1956 …
The first four months of 2022 were a rollercoaster in the investment markets. We believe the first half of 2022 will be challenging for investors, but the year-end will deliver good investment opportunities. For those who have been clients of Riggs for a long time, you know during periods like this is when we put the defensive team on the field with positions in gold, dividend-paying stocks, and/or higher cash allocations. We would expand our allocation to fixed …
The War in Ukraine is now entering its third week. The impact of this war is exacerbating the global inflation challenge. As the Federal Reserve Open Market Committee meets tomorrow, March 16, it will be faced with treading a very narrow line of removing excess liquidity from the U.S. economic system while not chilling economic growth. The geopolitical challenges from Russia’s invasion of Ukraine make the Federal Reserve’s job that much trickier.
In response …
The invasion of Ukraine has captured the headlines of the last few days. We are empathetic to the Ukrainians and their fight for their country and their freedoms. We believe this bold move by Russia has far-reaching implications on both the geopolitical and investment fronts.
Since 2014 Russia has been re-drawing its borders and/or regional control through a series of coup d’état and direct invasions as we have seen in Georgia, …
2022 has started a bit rocky in the U.S. equity markets, but we see opportunities ahead as the year progresses. We also want to share some happy news from Riggs Team members. So let’s dive in.
Six weeks into the year and the markets have been driven by:
As tax season nears, so does the uptick in fraudulent spam calls from the “IRS” requesting to speak to you on an urgent matter or risk going to jail. While many are savvy enough to know those calls are fraudulent, many do not. It wasn’t that long ago when our money and assets were safe, or at least there was a high degree …
As we approach the end of year, we have seen economic growth slow down and inflation speed up. Both of these moves are driven by a combination of pandemic-related supply chain issues and a surge in demand for energy (primarily oil and natural gas).
This has created an unusual environment where both interest rates and equity markets are rising simultaneously. Below we discuss some of the drivers of this environment, but more …
While the quote “May You Live in Interesting Times” is …
