The Critical Importance of Discovering Your “Money Mind” (Part 2 of 2) ~ by Jacob Timm
Weekly Commentary, March 10th, 2017
- Equity markets were mixed with U.S. stocks (S&P 500) down -0.31% and international stocks (EAFE) up 0.20%.
- Fixed income markets were down this week with investment grade bonds (AGG) down -0.57% and high yield bonds (JNK) down -2.05%.
- Fed Rate Hike? – After encouraging comments last Friday from Federal Reserve Chair Janet Yellen at the FOMC meeting combined with very strong employment data this week the market appears to be pricing in an almost 100% chance that the Fed will raise rates at their upcoming meeting next week.
- ECB Unchanged – As expected the European Central Bank left monetary policy unchanged this week, stating that rates will remain low through the end of its bond buying program in December. At its current pace the ECB is set to own 2.25 trillion euros worth of bonds, or roughly 25% of the Eurozone economy.
- Commentary: Last week we learned that we all have a primary driver when it comes to making important financial decisions. This week we will cover how our primary driver forms a unique Money Mind for each of us, what those types are, and how our Money Mind in turn affects our decision-making process.
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