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Weekly Investment Update - March 22, 2019

Christopher LaPorta

March 25, 2019

Volatility is here to stay. That’s the message that the markets relayed to investors last week as the CBOE Volatility Index, or the VIX, rose sharply to end the week. U.S. stocks suffered sharp losses as the U.S. Treasury yield curve battled with inversion. The closely watched recession indicator of the difference between the ten-year U.S. Treasury yield and three-month U.S. Treasury yield went negative during intraday trading for the first time since 2007, but finished flat. 
The ten-year U.S. Treasury yield fell nine basis points to 2.53% after Federal Reserve Chairman Powell’s comments last Wednesday, and continued to fall the remainder of the week to 2.44% as a surge of buying pushed long rates materially lower

Read our Weekly Financial Market Update to learn more about indications of a future recession and Federal Reserve Chairman Powell's comments during the Federal Open Market Committee regarding the tapering its balance sheet.