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Getting Ready for the Jackson Black Hole

  • Scott Carmack
  • Apr 24, 2016
  • 1 min read

Updated: Mar 27, 2024




A black hole is a region of space having a gravitational field so intense that no matter or radiation can escape. Even light is held captive to the overpowering forces of its gravitational field. It is an enigma of science, where the rules of space and time are altered, and our grasp on physics is confounded. As the markets prepare for Janet Yellen’s speech at Jackson Hole, Fed policy is at risk of a radical paradigm shift that could alter its mandates for the foreseeable future. Such a shift is unmerited in my opinion, but there have been external ruminations and Federal Reserve comments indicating that the very tenets of monetary policy are being questioned.

 
 

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The Fund invests in fixed income securities or derivatives, the value of your investment in the Fund will fluctuate with changes in interest rates. These risks could affect the value of a particular investment by the Fund. Investment in or exposure to high yield (lower rated) debt instruments (also known as “junk bonds”) may involve greater levels of interest rate, credit, liquidity and valuation risk than for higher rated instruments. When the Fund invests in other investment companies, including ETFs, it will bear additional expenses.

 

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