Marketing Commentary- Q3 2004
What’s Been Happening? Bonds were surprisingly strong in the past three months. As the Fed raised short-term interest rates, the market bid up longer-term bonds and mortgage rates fell. Lower long-term interest rates would be expected to presage a slower growth economy. Then again, this could just be a show of respect for oil prices that have swiftly marched above $50 per barrel. Trends to be Aware of Stocks have moved mostly sideways in the US in 2004, but have fared much better in non US Developed Markets and Emerging Markets. It is counterintuitive that stocks would rise in the...
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