Good Thursday AM from your Hometown Lender,
It is a sad and surreal day today.
Last night’s crash has blanketed everything, and all I want to do is hug and hold on to my family. I cannot imagine the pain and anguish of the family and friends of those who perished last night. My thoughts are consumed with them and we are all praying for those impacted.
On a much less important topic and with extreme brevity today to not take any focus from the accident is today’s bond market update. The Fed kept rates steady yesterday as expected and leaned more dovish than I expected in their commentary and questions. GDP for Q4 came in lower than expected today. The ECB cut rates by .25%. The bond market is improving but minimally as traders await tomorrow’s PCE data. That will give us a better look at the short-term future of rates.


Please stay safe and please keep those impacted by last night’s crash in your thoughts.