Today’s Tax Exempt Market: Value in Both Absolute and Relative Terms

It’s summer.  Financial markets are supposed to be in sleep mode till Labor Day.  BUT, that has hardly been the case as volatility and uncertainty remains elevated in all asset classes as we approach a possible inflection point in the Federal Reserve’s Quantitative Easing Program (QE).

S&P’s Downgrade of U.S. Credit: Effects on the Muni Market

EJ Reinoso provides commentary to Bloomberg News following S&P’s downgrade of U.S. credit, in this morning’s article “Muni Market Prepares for Loss of AAA Ratings as S&P Downgrades U.S. Credit.”