Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
The Dow Jones Industrial Average plowed past 20,000 this week just as the national debt is expected to cross the $20 trillion mark by the end of 2017. Both of these numbers would have been hard to fathom eight short years ago.
The world was surprised as Mr. Trump’s victory became evident on the eve of November 8th. Global markets swooned only to recover at the prospect of Mr. Trump’s vow to spend heavily on infrastructure and reduce regulation. The most significant move was the increase in interest rates as the U.S. ten year note moved from
Oops, they did it again? The Federal Reserve Chairperson Janet Yellen deferred an interest rate increase . . . that was no big surprise. Obviously, pre-election moves by the Fed might very well be considered political. Notwithstanding the above, the economy is hardly robust and might be struggling for the foreseeable future. Are we living
“I’m mad as hell and I’m not going to take this anymore” is what many Brits voted to begin the “Brexit” scenario. Many of you might remember this famous scene from the movie “Network”. The UK exit from the EU is no small matter, and how it unfolds will affect Europe for many years
Shivers went through the stock market last week as the Federal Reserve meeting notes revealed a hawkish view leaving many observers to believe that an interest rate increase could come in June. We are concerned, and even perplexed, about the rationale for a potential Fed action at this time. In December, when the last interest