Tom Graff is a fixed income strategist for Brown Advisory, an independent investment advisory firm in Baltimore, Md. Graff is also the manager of the Brown Advisory Tactical Bond Fund (BATBX), a long/short fixed income fund.Expand

Prior to joining Brown, Graff was a managing director and taxable fixed-income trader for Cavanaugh Capital Management in Baltimore. Graff earned a CFA charter in 2002.

The opinions expressed here are Graff's own and in no way the statements of Brown Advisory, and may or may not reflect the strategies being pursued for clients of Brown Advisory.

Graff welcomes your questions and can be reached at tomgraff@brownadvisory.com.Collapse

If the Fed keeps hiking, it will damage valuations, economic growth or both.

Interest Rates May Have Peaked Real Money Pro($)

If the Fed keeps hiking, it will damage valuations, economic growth or both.
Apparently, the central bank wants to hike rates and needs to be convinced otherwise.
Historically, slowing job gains have been a sign that the economy is hitting a stall speed.
If the pace of job gains slows materially, it is not a benign development.

How to Look at the Jobs Report Real Money Pro($)

If the pace of job gains slows materially, it is not a benign development.

Auto ABS Shows Market Weakness Real Money Pro($)

But even if auto lending losses rise, it won't affect the new iShares consumer loan ETF.
There are many factors in play and many questions that can't be answered.
There are many factors in play and many questions that can't be answered.
If you had any doubt the Federal Reserve would be hiking in June, doubt no more.

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