Phil Grossfield's Blog

Cure for Cystic Fibrosis.  Our family is walking again this year to find a cure for CF, a life-limiting illness. We walk for our friends pictured, Ashton (age 11) and Lola (age 7). The average life expectancy of someone with CF is 37. Let’s change that!  JOIN ME – WALK WITH ME ON MAY 19 – help us to raise money for a cure.  JOIN ME – WALK WITH MY FAMILY ON MAY 19, or, to donate:donate here.  THANKS!

Room Addition.  How much would it cost to wall-off a room in my house? We are thinking of turning a downstairs room in our house into an office and need to put up a wall or a wall with doors.  If you have a contractor you trust and who would not cause me to have a heart-attack because of the price, please let me know, thanks.

Pop Clock.  Here’s an interesting website: U.S. and World Population Clock.

My Market Watch:  Pricing is about the same as Friday but we might see a bump in a good way if the stock market continues to flail…gold prices are hurting stocks along with negative economic news out of China. As of now the 30-year Fannie bond is up +9bps on the day. As a general rule, if bonds are selling our pricing improves which usually happens when stocks are not doing well.  That is, there is typically an inverse-relationship between stocks and bonds as traders use the same source of funds to buy and sell both.  So, when they sell stocks they use that money to buy bonds…this holds true most of the time.  But when bonds are being bought, our pricing always improves.

My Schedule:  I have a meeting at 11:15a and otherwise available.  If you recall, I rarely answer my phone before 10:30a as I use this time to catch up on the previous day’s business and prepare the remainder of the day….