CARES Act passed: Will it reduce the risk of a protracted credit crisis?

With an overwhelming majority, Congress passed the coronavirus relief package, the CARES Act. Previously, we outlined that fiscal policy stimulus needs to be big, bold, targeted, and efficient, in order to reduce the risk that this liquidity crisis turns into a credit crisis. In our opinion, the CARES Act is a significant and necessary step to help

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Mar 30, 2020

A window of opportunity in high yield

In the past, we have argued against market timing and have made the case for high yield as a strategic allocation...

Mar 19, 2020

Initial fiscal response not enough to weather the storm

In response to the negative economic impact of the precautionary measures enacted to combat the COVID-19 crisis...

Mar 17, 2020

February 2020: 29 turbulent days

The leap year is a fascinating quirk of the calendar...

Mar 17, 2020

Tackling volatility with a 50% currency hedge

The latest bout of volatility can clearly be seen with international currencies...

Mar 10, 2020

Oil prices caused rapid market decline, but why?

The drop in crude oil prices over the last few days has been prompted by...

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