A Day at the Beach
Brian Andrew, CFA, President and Chief Investment Officer has an interesting analogy in this quarter’s Financial Insights, “A Day at the Beach”. His theme focuses around issues facing investors today that include: patience, productivity, negotiation and compromise and how they are important to understanding current events and their impact on asset prices.
His analysis takes a closer look at the Fed’s policies regarding interest rates and market implication. He evaluates the removal of their key phrase ‘patience’ and its effect on interest rates. Productivity is addressed looking at new business and job growth. Finally, he discusses the compromise of Europe’s new Quantitative Easing program and the importance of understanding global diverging central bank policies that highlight the trends for international equities.