The Markets

    Mar 21, 2018

Headwinds from the Fed Offset by Fiscal Tailwinds


Today, the Federal Reserve announced a 25 basis point (bps) increase in interest rates. This marks the sixth increase in...

    Mar 16, 2018

The Late Innings of the Business Cycle?


As is typically the case in the late innings of a business cycle, leverage is elevated and rising. The Federal Reserve (Fed) has moved into action...

    Mar 15, 2018

MLP Market Update


Today, the Federal Energy and Regulatory Commission (FERC) announced that it will disallow income tax allowance cost recovery in MLP pipeline rates. FERC is requiring every...

    Mar 14, 2018

Tariffs and Trade Trigger Volatility

by: ; Robert Serenbetz

The announcement of a 25% tariff on imported steel, and 10% on aluminum, caused fears of a trade war, triggering volatility. Tariffs will benefit domestic producers of...

    Mar 9, 2018

Booming Job Growth in February, But Surprisingly Slow Wage Growth


The U.S. economy added 313,000 jobs in February, well above economist...

    Mar 5, 2018

Populists Gain Ground in Italy


No single party or coalition could garner an outright majority in the 2018 Italian general election on Sunday, March 4. However, the populist and Eurosceptic parties...

    Mar 1, 2018

Emerging Market Equities Still Leader of the Pack


The global equity market generated outstanding results in 2017. Among the leaders of the pack were emerging market equities...

    Mar 1, 2018

Multiple Headwinds Pushing Bond Yields Higher

by: ; Amit Soni, CFA

Since last quarter, we have seen a sharp pickup in U.S. Treasury yields. 10-year yields are up more than 80 basis points...