News & Insights

Policy Pivots & the Federal Reserve Reaction Function

Since the onset of the Great Financial Crisis (GFC) in 2008 – and maybe back to the Dot Com bust in 2000 – market participants have become accustomed to easy financial policy and a supportive Federal Reserve (Fed). As discussed in Inflation – Why So Much Focus?, “[s]uccessive Federal Reserve Chairs have now followed Mr. Greenspan, […]

News & Insights

The Acorn Optimist

Financial markets are always changing. This is not a new idea, but rather an accepted truth about their very nature. Being the sum-total of human consensus, markets capture and distill a great deal of information about a given entity into a single number: the price. As time has progressed and technologies and economies have grown, […]