Jeffrey has over 23 years of experience investing in the credit markets, with an emphasis in high yield, distressed debt and special situations. Prior to joining Shelton Capital, he worked at Cedar Ridge Partners, LLC, Cooperstown Capital Management, Durham Asset Management, Ernst & Young LLP and The Delaware Bay Company. He earned an MBA from the Stern School of Business at New York University and received a B.A. from Duke University.
Comparing the financial metrics of portfolio management to America’s pastime.
The Federal Reserve released the minutes of its July 26-27 Federal Open Market Committee (FOMC) meeting on Aug. 17, noting that "in discussing potential policy actions at upcoming meetings,...
"This is the Fed’s worst-case scenario."
“With the Fed’s language about a slowing pace being appropriate at some point and concern about over-tightening, investors looking for a dovish pivot might be encouraged. On the other hand, strong words about the risks of the market not believing their forward guidance and resolve to conquer inflation, deeming ongoing hikes as appropriate, and downplaying the impact of cooling commodity prices all serve as reminders that the fight continues and financial conditions need to remain tight.”
"the CPI report is a disappointing backslide from recent improving trends. Components such as rent and food continue to remain red-hot and are not likely to recede imminently. While investors should understand that Fed policy operates with a lag, especially for certain sectors such as housing — the waiting is the hardest part. The political implications of today’s data are also not to be ignored, as they represent the last CPI data before the November mid-term elections.”