Market Updates



  • Where Does the Fed Go from Here?
    by (Brad McMillan) on September 20, 2017 at 5:20 pm

    Today, the Federal Reserve’s two-day meeting on monetary policy will come to an end. With a news conference already scheduled, markets will be turning toward Washington to see what the Fed is doing today—and where it is likely to go from here. […]

  • What Are Investors Worried About?
    by (Brad McMillan) on September 19, 2017 at 7:20 pm

    Yesterday, I spent the day in New York talking with a number of people, including many in the media. I always find this incredibly interesting. Media folks are invariably intelligent and very well informed about what a wide variety of players, including investors, are worried about—and what they are actually doing about it. […]

  • Appearance on CNBC's Squawk Box, September...
    by (Brad McMillan) on September 18, 2017 at 8:01 pm

    In the past few weeks, we've seen North Korea launching missiles over Japan and the two worst storms in U.S. history. So, why are the markets still at all-time highs? […]

  • Monday Update: Hurricane Harvey Leads to...
    by (Brad McMillan) on September 18, 2017 at 5:47 pm

    Last week presented a wide range of data—from the consumer, to manufacturing, to the economy as a whole. Although the results were generally disappointing, much of that weakness appears to come from the effects of Hurricane Harvey. Historically, major storms have resulted in weak data for a month or two. So, while it is worth watching, we will likely see a bounce back in the coming months. […]

  • Is the Bitcoin Ride Over?
    by (Brad McMillan) on September 15, 2017 at 9:00 pm

    Recently, I announced that bitcoin was the winner of the “Bubby,” an award I made up for the bubble of the year. I kind of like the idea—and will do it again—but it was certainly done at least a bit tongue in cheek to highlight the appreciation over the recent past. Sometimes, however, you get it right almost by accident. Events since then have made that post seem somewhat prescient. […]

  • A Broader View on Inflation: Looking at the...
    by (Brad McMillan) on September 14, 2017 at 5:14 pm

    Among economists and investors, one of the biggest problems out there is inflation. It should be rising, but it isn’t. Related to this and contributing to the problem is that wages—according to theory and past history—should also be rising. Together, these would push all prices higher but are not. What's going on? […]