The S&P 500 is up 17% from Monday’s low. Now what?
This week’s astonishing rally in stocks is a reaction function from the Federal Reserve’s enormous balance sheet expansion. The Fed has increased their balance sheet by $586 billion in five business days! (see chart below). Source: Bloomberg The Fed did a tremendous job to provide stability to many parts of the fixed income market. The Fed’s decisive steps over 2 weeks took them approximately 8 months during the 2008 financial crisis. Very impressive! The Fed has helped to st
Think Long Term and Think Strategically
We recently put together a note arguing why we investors should not try to time the stock market. Never in the history of the stock market have we experienced the magnitude of the day to day fluctuations or the speed of the current decline. Astoria Portfolio Advisors thinks it's crucial to think strategically and long term especially in an environment where emotions are running high (click here). Earlier this week, the Federal Reserve announced further actions to help stem t
