Negative interest rates are likely to persist as two central banks reiterated
their commitment and a third, the Bank of Japan (BOJ), could do the
same this week.
As the third of eight Federal Open Market Committee (FOMC) meetings of 2016
approaches later this week, the market and the Federal Reserve (Fed) again
remain deeply divided over the timing and pace of Fed rate hikes.
Value stocks have staged a comeback versus growth after a long losing streak.
Low yields coupled with fair valuations send a mixed message from the
municipal bond market.
Stocks have had quite a nice run. Since the February 11, 2016 lows the S&P 500
has gained 14%. The rally...