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Market Responses to Fed (in)Action | Weekly Market Commentary | June 20, 2023

James Hendries

Despite raising rates by 5% over the past 15 months, the majority of the Committee, not just the median policymaker, sees at least two more 0.25% rate hikes this year, which would take the fed funds rate to 5.625%—the highest level since 2001. Asset allocation does not ensure a profit or protect against a loss.

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Permanent Portfolio Review

Dear Mr. Market

The Permanent Portfolio is a seemingly basic portfolio allocation strategy created by investment advisor Harry Browne in the 1980’s and outlined in his book Fail-Safe Investing back in 2001. If you didn’t hit the embedded article links above, the Permanent Portfolio is pretty simple at face value.