September 2019 Commentary: Expectations and OpportunitiesSubmitted by MidWestOne Investment Services on September 17th, 2019
I hope everyone survived the Iowa-Iowa State football game. The game is always challenging enough for me, but this year you had College Game Day in Ames and then the weather delays, producing a crazy, drawn out experience. I will get the opportunity to be up close and personal to the rivalry, as the volleyball teams meet in Iowa City on Saturday. If you turn your radio dial over to KXIC or listen on the internet, you might hear a familiar voice calling the action!
Back to business. All signs point to another Fed rate cut this week. At least markets are expecting the cut to come. Assuming the cut happens, the market reaction will largely be based on the accompanying language. Are we in a continued series of cuts or will they continue to be data driven? The President has been outspoken in his call for drastic rate relief and the markets have taken the bait. The first cut came on the heels of sharp criticism from the President. How accommodating will the Fed be going forward?
LPL Research had some interesting commentary this week regarding negative yields. See their thoughts and their expectations for the Fed by clicking on the link.
There is always something scary looming on the horizon. With markets hanging around all-time highs, this remains a great time to review your portfolio and your appetite for risk. We are happy to help you review your goals and how your investments are driving toward those goals.
Thank you very much for letting us be a part of your financial lives!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.