by Ross Bowler | May 22, 2024 | Market Commentary
Patient Money Strong economic news from March dashed hopes of a June rate cut and in response, the MSCI REIT Index declined more than 7% in April. Moderating CPI and jobs data earlier this month caused REIT prices to rebound significantly in May, but we want to...
by Ross Bowler | Apr 25, 2024 | Market Commentary
Two Sides to the Same Story An inordinate amount of focus has been placed on which way the wind blows in relation to when the Fed will begin cutting interest rates. By December 2023, reports of moderating inflation drove yields on 10Y Treasuries down toward 3.50% and...
by Ross Bowler | Mar 21, 2024 | Market Commentary
Rotation A Bloomberg report out earlier this week describing that interest rates have recently risen to their highest level this year reminds us of two things. First, no one has been consistently successful in forecasting the pace and direction of interest rates...
by Ross Bowler | Feb 27, 2024 | Market Commentary
What was Old is New Again No one would describe me as a rabid football fan and I’ve never gambled in a casino, but I somehow could not avoid getting swept up in all the hoopla leading up to Super Bowl LVIII in Las Vegas earlier this month. It brought to mind our only...
by Ross Bowler | Jan 24, 2024 | Market Commentary
Present and Ready Last Thursday and Friday CPI and PPI reports were encouraging in demonstrating that inflation is moderating, but the battle against inflation continues. Inflation is our perpetual enemy because it erodes consumer purchasing power. Week to week we...
