Anyone that buys a bond must understand market risk and credit risk. They must be willing AND able to hold on, maybe to maturity, if interest rates go against them. Or, able to handle realized losses if forced to sell early for any reason. This is the big bold print that people see when looking …

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Fed Minutes

“Participants generally observed that a restrictive policy stance would need to be maintained until the incoming data provided confidence that inflation was on a sustained downward path to 2 percent, which was likely to take some time,” the meeting summary stated. “In view of the persistent and unacceptably high level of inflation, several participants commented …

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The Fed

“It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down,” Powell said in a speech at the Brookings Institution in Washington, DC. “The time for moderating the pace of rate increases may come as soon as the December meeting.”

Health care

“The sector should also benefit from the aging population, given that individuals consume more healthcare as they age, he said. That should also strengthen the demand outlook.” — CNBC

Crystal ball

Just a few short weeks ago, the “experts” declared the bottom is in. Now they are warning the sky is falling … again.

Investment scam warning

“5 Investment Scam Red Flags • “Guaranteed” high investment returns, supposedly with little or no risk, and sounding too good to be true.• Unlicensed or unregistered sellers. Use to check out the background of anyone offering you an investment in securities.• Skyrocketing account values. Investments that appear to rapidly increase in value are often …

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A number of media outlets are reporting that Google shares will be “less expensive” after the split. That’s not accurate.

New bond price targets

“BofA is also slashing its 10y Treasury end ’22 forecast from 3.50% to 2.75% and end ’23 forecast from 3.25% to 2.50%. The cuts come as BofA’s economics team yesterday also slashed its forecast to reflect a US recession in 2022 and materially lowered the Fed funds rate path with the terminal Fed funds rate lowered from …

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New price targets

“Bank of America strategist Savita Subramanian slashed the price on the S&P 500 to 3600 – a new Street low – from the prior 4500. The strategist’s “floor” for the S&P 500 is 3000-3200 before year-end.”