TBT - Throw Caution To The Wind? Not So Fast
By Kathy A Jones
We ended 2018 with a cautious outlook. Our concerns centered on the effect of the Federal Reserve's policy tightening on the economy and the market's appetite for risk, at a time when valuations for bonds were high. We suggested a cautious approach to riskier areas of the fixed income markets and moving up in credit quality, a strategy that worked well late last year as low-credit-quality bonds declined sharply in the fourth quarter on concerns about slowing economic growth and trade disputes.
However, markets have rebounded in early 2019 in response