Excelsior Financial Editorial – May 2022

The Fed conundrum Last week, US GDP fell at an annual rate of 1.4% which was worse than forecast. At the same time, the US just like the rest of the world is facing very high inflation and with no meaningful drop in sight, at least in the short term.  As a result, the...

EXCELSIOR Financial Editorial – April 2022

Recession looming? You may have heard lately that the two and ten-year yield curves have inverted and that it’s an indication a recession is coming. What it means in short is that the bond market isn’t buying the idea that the Fed is going to be able to engineer a...

EXCELSIOR Financial Editorial – February 2022

Making sense of the recent market downturn: US stock markets have had a tough month of January. In fact, the worst start to the year since the financial crisis.  The main drivers of this negative sentiment are rising inflation and the rising interest rate regime...