With its high dividend yield, Manulife investors are paid well to be patient.
Whoever said that the market was logical?
Mario Draghi indicated the European Central Bank is prepared to boost the European economy with more stimulus, and that's driving equity markets higher here on Tuesday.
Mortgage rates have been declining of late, which should help produce a better story for the housing market in the second part of 2019.
There's a lot going on right now and the markets (and media) have difficulty latching on to more than three or four stories at a time.
My thesis all along has been that an attempt to normalize the yield curve must be made, therefore I would choose to be proactive.
The Fed needs the justification from the data to be able to cut -- it does not have that green light yet.
The FOMC simply must act in order to make some kind of sentient attempt to repair the yield curve.
The more I look at this market worldwide, the more I think bonds are going to rally.
A pause in interest-rate hikes (or even an interest rate cut) would be a growth tailwind for this name moving forward.