Archive: October, 2013

Quarter 3 Market News & Analysis

Posted by David Fevergeon - October 3, 2013 - Market Analysis
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In the most recent turn of events, the Federal Open Market Committee decided last week to continue its $85 billion monthly bond buying program.  Prior to the September meeting, the Fed was expected to begin tapering these purchases.  Fed Chairman Bernanke attributed the delayed tapering to lack of progress in the labor market.  Policy makers’ surprising extension of the program sent stocks to record highs and prompted the biggest rally in Treasuries since 2011 as investors repositioned for a more accommodative central bank.  Many economists now expect the Federal Reserve to begin tapering asset purchases in December of this year.  Over the last few years, we restructured portfolios to address the potential impact of rising interest rates.  If you have questions about your portfolio and how current Fed decisions might affect your long term goals, please give us a call anytime.  We look forward to speaking with you!