Investor Insights

In the most recent minutes from the Fed, there was "shock" that we may indeed face another 25 basis point rate hike in June. Here is the difference this time though: less than 48 hours later, the market was higher than where it was before the minutes were released. This is a character shift that we suspect will be very important a couple years down the road - and in a good way for investors focused on the long-term horizon.