By SNW Asset Management via Iris.xyz
A flurry of political drama and controversy roiled the markets last week.
On Wednesday, in reaction to this drama, 10-year treasuries fell 10 bps, the S&P was off by 1.8%, gold was up 1.9% and even the corporate market widened a bit.
However, in the long-term we believe that markets focus on the facts, much like Sergeant Joe Friday from the series Dragnet, who is best remembered for his famous line: “Just the Facts Ma’am, Just the Facts.” Jack Webb was the original Joe Friday, but the character may be most often associated with Dan Aykroyd, who took on the part in the 1987 film.
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