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The current week's commentary is posted below. I invite you to visit the site for my past writings and contact me with any questions.
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Year of Decision: 2019
Remember the old saying “it’s knot cutting time?” That, my friends, is what will be taking place in the year 2019. All the various policy moves which have taken place since 2009 are fading away. The economy is destined to be on its own for the first time in some time.
What is the Fed going to do this week? They have indicated in the past that they would raise rates this December. If they do, it will be a major mistake. Please note the following chart taken from the Bank of America. One of the closest things to being a sure thing happens to be an inverted yield curve, predicting a recession. Will it happen again? Maybe.
Enjoy the holidays and have a great New Year. Hope for the best, but look out for the worst.
Information contained in these commentaries is based upon information obtained from sources both external and internal which we consider to be reliable, but the accuracy of the information and the recommendations contained herein cannot be guaranteed, nor do they constitute a solicitation for the purchase or sale of any securities mentioned herein. Information contained in this commentary may not be reproduced in any form without written permission from Donald S. Peters.