Les Kern

Blog

The Stock Market June 2019

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August 2018

Fed Walks a Tightrope in Efforts to Normalize Without Pain   As the stock market has continued rising and falling like a stormy ocean over the last several months, the bond market settled into a period of relative calm. After spiking to 3.11 percent in mid-May, the yield on the 10-Year Treasury dropped below 3 percent by the end of the month and hovered just below 2.90 percent from late June all the way through late July. It finally crept a bit higher again at the end of Ju
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April 2018 Newletter the market

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Outlook 2018

The Market 2018   Occasional Strong Headwinds for Fixed Income are Nothing New   As you know, the stock market rose by over 20 percent in 2017, then increased by about another 6 percent in January before taking a dramatic tumble at the beginning of February. At the same time, the bond market enjoyed a tailwind for the first half of 2017, but that wind began to shift in the second half of the year. Then, the 10-Year Treasury rate jumped from 2.4 to 2.7 percent in January, creating somew
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