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Market Expectations for Interest Rate Increases

  • October 13th, 2014

Q: Should you stay invested in the short term while waiting for interest rates to rise? A: First, other than very short-term interest rates that are heavily influenced by the Federal Reserve, it’s difficult to predict changes in interest rates. Second, to determine whether a short-term fixed income approach will be superior to an intermediate-term…

The Volatility Of Premiums

  • October 13th, 2014

The stock premium, the annual average return of stocks minus the annual average return of one-month Treasury bills, has historically been high. This fact has, understandably, attracted investors to the stock market. For the period 1927-2013, the stock premium averaged 8.18 percent. There has also been a size premium (the return of small stocks minus…

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