Mid Week With Day & Ennis, LLC

Investors who sell equities this May due to recession fears may regret it later. Liz Ann Sonders of Charles Schwab discusses global yield curves and what they tell us about the likelihood of a global recession. Thanks to the Federal Reserve’s efforts to normalize monetary policy, global markets can expect to see a rise in the U.S. dollar.  Bloomberg covers the market reaction to the Fed’s April meeting. In the coming months you may be hearing more about the new “fiduciary standard” set for financial advisors by the Department of Labor. Peter Disch of Great Point Wealth Advisors writes about how this higher standard may benefit you.

Corporate Caution…Global Recession?-  Uncertainty among investors and companies has resulted in equities failing to push to new highs…for now.  Liz Ann Sonders and her team at Schwab remain fairly confident that stocks will reach new records, but patience in the near term is required. And selling in May doesn’t appear to be a great strategy for long-term investors as global yield curves are indicating low odds of a global recession. Bouts of volatility are likely to persist in light of uncertainty over Fed policy, the upcoming election, and global growth concerns. Read more…

Fed Communication Shift ‘Is a Recipe for the Dollar to Go Up Against Everything’–  The market reaction to the minutes from the Federal Reserve’s April meeting shows monetary policymakers engineered an ideal environment for the U.S. dollar to thrive, according to Société Générale SA global strategist Kit Juckes.  “The big picture, as we see it, is that the dollar will be a lot stronger three years from now than it is currently,” says Goldman Sachs Group Inc.’s chief currency strategist, Robin Brooks. Read more…