Convertibles: Sharp Handling of the Trump, Dow 20,000 Turns

We recently caught up with Portfolio Manager, Edward Silverstein, of the MacKay Shields’ Convertible Bond Team, who advises a 2016 Lipper Fund Award winner, MainStay Convertible Fund. Following the November 8 election and a few hours of market upheaval, the stock market soared higher, with the Dow Jones Industrial Average finishing

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Feb 16, 2017

Fiscal Stimulus Adds Inflationary Pressures?

The fourth-quarter earnings season shows S&P 500 firms are producing solid mid-single digit earnings-per-share (EPS) growth versus a year ago.

Feb 9, 2017

Global Currencies Diverge

Global currencies diverged this week, due to contrasting economic data points and varying political concerns. In reaction to European political risks, the U.S. dollar rebounded...

Feb 8, 2017

Energy: Selectively Favoring Producers and Movers

A year ago, rock-bottom energy prices favored the users of cheap and abundant U.S. energy. Today, with energy prices having rebounded, the pendulum has swung to...

Feb 7, 2017

Bull Markets: They Don’t Die of Old Age

The economy added 227,000 jobs in January, with gains in construction, retail, finance, and professional services. Wage growth was muted in the latest report, but still stands...

Feb 3, 2017

Moving On: Your Financial Life after Divorce

The breakdown of a marriage can be stressful, and it can challenge you on a very personal level.

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