Well, I was expecting a little more guidance than Fed Chair Powell gave today at the J-Hole conference. In fact, failing to give a hard date on paring back the balance sheet and raising rates is downright dovish. A regrettable incident.
As a result of Powell’s dovish talk, GOLD, BITCOIN and the S&P500 index rose.
The S&P 500 index rose almost 1% today while the 10Y Treasury yield dropped 4 bps.
2 thoughts on “DOVE Alert! S&P 500, Gold, Bitcoin Rise After Powell Goes Full DOVE, UST 10Y Yield Falls”
Good Morning Prof Sanders.
I have clients that are selling their
parents home. Parents seemed to
have taken out a Reverse Mortgage
about 8 years ago for about the
same value it is worth today.
I remember, I believe in your class
(Finance 772; Spring 1997) learning
that it was not a good investment;
however, I cannot find that part
in your book (the cover is
Is that true?? Any thoughts.
Told my clients that I would
get back with them.
Sent from my iPhone
Brent, are you asking whether reverse mortgages are a good investment? Or good idea? I generally advise against reverse mortgages (although they are better now than in the 1990s) since his parents may not be able to afford house up-keep combined with growing medical bills. Are his parents still alive? Moved into a healthcare facility? Dead?
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