The third quarter is officially in the books, and it was another bumpy ride for investors. After getting off to a strong start, U.S. equities faltered. A hotter-than-expected August Consumer Price Index (CPI) reading dashed hopes for a slowdown or pause from the Federal Reserve on their quantitative tightening program. As you will recall from our previous Riggs’ Reports, we outlined the extraordinary efforts by the Federal Reserve to provide support and liquidity to …
The third quarter is officially in the books, and it was another bumpy ride for investors. After getting off to a strong start, U.S. equities faltered. A hotter-than-expected August Consumer Price Index (CPI) reading dashed hopes for a slowdown or pause from the Federal Reserve on their quantitative tightening program. As you will recall from our previous Riggs’ Reports, we …
We have often commented in our Riggs’ Reports and investment market updates that the markets do not like surprises. Yesterday, the markets expected the Consumer Price Index report to show a decrease in prices, indicating inflation was peaking. This would give the Federal Reserve some latitude to slow its hiking of interest rates. The market was wrong, resulting in a strong sell-off in equities, bonds, and cryptocurrencies. The strong days leading up to the Consumer …
We have often commented in our Riggs’ Reports and investment market updates that the markets do not like surprises. Yesterday, the markets expected the Consumer Price Index report to show a decrease in prices, indicating inflation was peaking. This would give the Federal Reserve some latitude to slow its hiking of interest rates. The market was wrong, resulting in a strong sell-off in equities, bonds, and cryptocurrencies. The strong days leading up …
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 …
| 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 …
