Sage Advice Quarterly Market Review 3Q1999

The bond market traveled a bumpy road in the second quarter, and it will be navigating even deeper potholes over the second half of the year. For one, the economy continues to throw off conflicting signals that keep portfolio managers from establishing a clear sense of direction. The confusion stems not only from the ambivalent data on the U.S. economy, but from the cloudy overseas environment as well. Adding to the problem is that some key data themselves appear to be throwing off misleading signals, as the headline numbers believe the reality contained in the details.

  • DATE: September 30, 1999

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