Gold soars, capital flows to Europe
market snapshot
ECB cuts rates amid trade war fears
market snapshot
The curious case of rising US Treasury yields
US Treasury yields increased sharply after falling leading up to and immediately after the 2 April tariffs announcement. The tariff reprieve on 9 April initially quelled the surge, but rates remain elevated. The surprise is that typically when global risks increase, the flight to quality trade ensues – US Treasury yields go down, prices go […]
Market mayhem bolsters appeal of liquidity products
Money market funds sometimes get a bad rap – they can be viewed as boring. Across the whole investment universe, investors have a vast array of choices: any number of asset classes that seek to balance risk with reward and offer the potential for higher returns. All money markets aim to do is provide a […]
Relief rally?
market snapshot
The contours of a new trade landscape
Near-term equity and currency moves represent a short-term shock to the markets as the investment community digests the tariff news and reassesses relative economic growth, earnings estimates, and access to markets. While the tariff overhang has not disappeared, we are now much closer to the beginning of the end. Total market uncertainty has now been […]
Avoiding the thorns
US President Trump announced his reciprocal tariffs Wednesday in the Rose Garden, but they are unlikely to come up roses for the US and global economies. At a base of 10%, with much higher rates on many other countries, the tariffs are far more sweeping than expected. While most of the world is scrambling to […]
Two ways of being wrong
There are at least two ways of being wrong in investing, and each has its own means of mitigation. One is to be flat-out wrong. Perhaps the most spectacular example of this (among many contenders) may be found in the hapless words of Professor Irving Fisher, a distinguished economist at Yale, who announced in mid-October […]
Worst case
[Editor’s note: Federated Hermes investment professionals are reviewing the Trump administration’s tariff announcement and will be providing further commentary in the coming days.] Every email in my inbox this morning starts with some form of, “this is worse than the worst-case scenario.” And, well, it’s hard to disagree. Going into the press conference, the consensus […]
Trade. Reimagined.
market snapshot
