Market Commentary

2021 Market Recap

[video width="1280" height="720" mp4="https://traverseplanning.com/wp-content/uploads/2021-Market-Recap.mp4"][/video]   Clear Creek Financial Management, LLC dba Traverse Planning is a Registered Investment Adviser. This content is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Clear Creek Financial Management, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Clear Creek Financial Management, LLC unless a service agreement is in place....

COVID-19 Update #4

COVID-19 Update Since the beginning of the outbreak of COVID-19, Taiwan has been a leader in the response and handling of the virus. Through a rapid ramp-up of safety protocols and the expedited innovation of testing capabilities and procedures, Taiwan was able to keep its overall cases below 500 with only 6 deaths. They have once again shown how they are the leaders in the response through the development of a 1-hour test that has a 90% accuracy.  Another amazing aspect of this test is that it can detect the virus in the early stages of the incubation period.  They anticipate being...

Impromptu Market Update – February 2020

We are standing beside you today, and we’re looking ahead towards tomorrow’s challenges and opportunities. Our goal is to keep you well informed about what’s happening in the markets so you’re more in control of your financial future. Here is a brief recap of what has been going on over the last month or so and what we expect in the month ahead. As always, if you have questions or concerns, don’t hesitate to contact us.   What’s happening? Overview: The Coronavirus outbreak continues to hit the headlines, which has caused fears to grow over the weekend and in the early part of this...

In Focus – Fed Rate Cut

What’s happening?   What’s going on? On September 18th, the Federal Reserve voted to reduce short-term rates by 0.25% to cushion the U.S. economy against a global slowdown. The Fed’s decision to reduce rates follows their rate cut in July, in which Fed Chairman Powell stated that they would “act appropriately to sustain the expansion,” words that were repeated in the most recent statement from September’s meeting.   Why is it important? Interest rate cuts are typically viewed as defensive moves by the Federal Reserve to avoid an inevitable recession; however that is not their motivation in this instance. The Fed sees their decision as an...

In Focus – Yield Curve

The 2 to 10-year yield curve inversion: What’s happening? The yield on the benchmark 10-year Treasury note broke below the 2-year rate, a “canary in the coal mine” scenario that has historically preceded every recessionary environment since 1978. The 10-year Treasury note yield fell as low as 1.574%, briefly trading around 1 basis point below the yield on the 2-year note. Ultimately, the inversion was short-lived with the 10-year treasury yield closing higher than the 2-year.   This phenomenon occurs when two trends emerge: The bond markets believe interest rates will fall in the future as the Fed or economic forces attempt to create...