Kelleher Financial Advisors 2nd Quarter 2020 Newsletter
By Tom Burnett CFA On August 7, the Bureau of Labor Statistics announced the national employment situation for July. Total employment rose by 1.8 million and the unemployment rate fell from 11.1% to 10.2%. Total employment now stands at 143.5 million, down 12.9 million from February. One year ago, the…
By Tom Burnett CFA On July 29, 2020, the Federal Reserve announced that its Governors had voted unanimously to leave the interest rates on short-term, fed funds unchanged at the range of 0-.25%. In its announcement, the Fed emphasized that the weak economic conditions are expected to continue well into…
By Tom Burnett CFA The accommodative policies of the Federal Reserve appear to be having their intended impact on market interest rates. We follow closely the levels and trends of the Treasury securities since they form the most liquid segment of the fixed-income market. The FED has made it clear that…
By Tom Burnett CFA The first half of the stock market’s 2020 year is now complete and we will continue our ongoing review of the performance record of the primary equity market investment strategies. Morningstar is the source of the annual rate of return performance data and we use ETF vehicles as…