The Markets

    Mar 23, 2017

Policy: Here, There, Everywhere

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The Fed raised rates as expected last week, and their latest dot-plot suggests two more tightening moves this year, and gradual tightening in 2018-2019. This seems reasonable...

    Mar 22, 2017

Energy Renaissance: Three Signposts to Watch

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Supply concerns took U.S. West Texas Intermediate (WTI) oil prices below $50 a barrel recently, amid nine straight weeks of rising crude stockpiles, before inventories finally...

    Mar 20, 2017

Hesitancy Looms over Financial Markets

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U.S. government bonds have been on a bit of a ride. Late in February, they rallied, and U.S. ten-year treasury yield fell to 2.313%, its lowest close since...

    Mar 16, 2017

High-Yield Bonds React to Sub $50 Oil

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Energy is one of the largest sectors in the high-yield bond market, so it didn’t go unnoticed when oil prices recently reached three-month lows amid supply concerns.

    Mar 16, 2017

Upside Breakout in Treasury Yields

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We’ve had an upside breakout in Treasury yields, and we expect it to continue with a growing economy and Fed rate hikes ahead. Rising interest rates is one of our themes for...

    Mar 16, 2017

Specter of Inflation Should Trigger Look at Commodity Exposure

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Institutional investors have long incorporated commodities in their portfolios as a way to seek...

    Mar 9, 2017

Small-Cap Outperformance since the Election and Shareholder Yield

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Small- and mid-cap stocks have outperformed their large-cap...

    Mar 1, 2017

Floating Rate Loans: The Floor Is In

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Inflation is inching up, the Fed appears poised to gradually raise interest rates, and three-month LIBOR now exceeds 1%. Put it all together and it looks like “the floor is in.”