After the Fed held rates steady, Northeast Investors Trust Chairman Bruce Monrad explains what key events he’s watching for on the horizon, including the G20 summit and July’s Fed meeting.
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Index funds are all the craze, but there are 3 big problems with taking a passive approach to high yield bonds. Northeast Investors Trust Chairman Bruce Monrad explains in the following article (Click on Link below).
Interest rates will remain steady according to the Fed. Reuters asked Chairman Bruce Monrad for his immediate response.
“The old adage was the markets shouldn’t fight the Fed, but the new motto should be the Fed isn’t fighting the markets” -Chairman Bruce Monrad
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The Fed remains patient but will “closely monitor” the economic outlook, which could be a “Goldilocks” scenario for High Yield.
Click Here to read Chairman Bruce Monrad’s perspective in Marketwatch.