Our hats off to Alan Greenspan who passed away this weekend at the age of Our hats off to Alan Greenspan, who passed away this weekend at the age of 100.

Greenspan was the second-longest-serving Federal Reserve Chair in history and guided the Fed through some of the most turbulent financial and geopolitical events of the modern era, including the Thai Baht crisis, the 1998 hedge fund bailout, the Dot-Com boom and bust, 9/11, the wars in the Middle East, and the aftermath of Black Monday.

Whether you agreed with his policies or not, his influence on financial markets, monetary policy, and the global economy was profound.

Current Fed Chair Kevin Warsh recently said that Greenspan helped him understand what it takes to lead the Federal Reserve. Warsh has big shoes to fill, but so far he appears up to the task.

The market seemed a bit hesitant last week as investors adjusted to new leadership, but confidence appears to be settling in. As always, the bond market will ultimately tell the story.

Rest in peace, Alan Greenspan. Your impact on the financial world will be felt for generations.

The week ahead: ADP Weekly Employment Data, Mortgage Apps, New Home Sales, PCE and more.

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