by John Hallacy | Jun 1, 2022 | Articles
Modicum of Relief The tone this week has changed radically from the negativity that prevailed last week. A couple of notables have been weighing in that the economy is not broken and in fact it is continuing to perform well. Wages are up and many jobs continue to go...
by John Hallacy | May 22, 2022 | Articles
The confidence in financial markets has long ago evaporated at this point. Collectively we are attempting to find our way, but there are many obstacles. The major market indices continue to find fresh lows. M&A deals that were easy to accomplish in the...
by John Hallacy | May 22, 2022 | Articles
We continue to receive weighty news in the negative direction. Not much relief is in sight on the horizon. On the inflation front, we continue to run hot at the 8.3% mark. Breaking down the components also does not glean much positive news. It is hard to say exactly...
by John Hallacy | May 2, 2022 | Articles
As Humphrey Bogart once said: “Well everybody in Casablanca has problems. Yours may work out.” The current market has us all feeling this way. We must find the way to the light. Among the myriad factors affecting markets are the Fed, the war in Ukraine, ultra-high...
by John Hallacy | Mar 21, 2022 | Articles
Sharp Turns Ongoing in Municipals We have a lot of uncertainties in the market that we are dealing with at present. The war in Ukraine, equity volatility, federal funding anticipated declines, the Fed and many more. Concerning the Fed we do have more clarity as of...
by John Hallacy | Feb 24, 2022 | Articles
Municipal Adaptations The municipal market is no stranger to absorbing and reacting to negative news and other related developments. We have had a sharp change in tone in the market. Flows to the mutual funds have now been negative for several reports. Rates have...
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