Longer-term rates will not rise dramatically as long as the Fed keeps the short-term policy rate at 1 percent. However, the pressure for upward movement in bond rates is already there and will persist.
More Quotes from David Kotok:
DRPA bridge users are paying the price for the current standoff. At least those who are playing the bond positions correctly can get some of their toll dollars or tax dollars back. For the rest of the folks, let me just add that it is costing you thousands of dollars a day.David Kotok
You would worry, because an IED would be in a pile of trash, it would be in a pothole. It could be almost anywhere. I was in a Hummer when an explosion went off and hit the second hummer after us.
David Kotok
Gold is hoarded by institutions and banks even while they say it has no monetary value, which means they are talking out of both sides of their mouths.
David Kotok
Over the last few years, we've had a number of clients liquidate a portion of their stock portfolios and move it to real estate. Real estate has become an asset class with its own momentum, and it is natural for strategists to write about it.
David Kotok
The question is how informed are you If you don't know what's in the index, you are making a mistake no matter what the index is. If you don't know what's in an index, you shouldn't be buying it.
David Kotok
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