2 minute read
The Fed opts against raising rates, but doesn't rule out another hike this year.
Weekly Bond Commentary
1 minute read
They've stabilized somewhat but still face pressures.
3 minute read
Rhetorically speaking, China may have long Covid.
Senior Portfolio Manager R.J. Gallo can think of seven reasons.
With the impact of its tightening still not apparent, the Fed opted for another modest rate hike.
4 minute read
Consensus has taken a beating but is still standing.
MBS issued by U.S. housing agencies could have advantages for investors if the economy slows.
5 minute read
Defensive positioning didn’t hurt the first half. In the second half, it may help.
Weekly Bond Commentary.
6 minute read
Don’t fight the Fed. Don’t fight the tape either.
The Fed skipped a rate hike but suggested more could come.
Our southern neighbor is firing on all cylinders.
And the case for bond returns is getting stronger.
Opportunities as varied as countries that fall under the emerging markets umbrella.
43 minute listen
Stubborn inflation, strong consumption data and a robust labor market are clouding the economy’s path.
Volatile markets can offer opportunities.
Fed Chair Powell made the case for another quarter-point hike amid the banking turmoil.
But banking issues brought to the fore this week are discomforting.
7 minute read
Inflation, consumer strength move bonds closer to the Fed. Stocks still keeping some distance.
And that's creating challenges for fixed-income positioning.
It seems the Federal Reserve hikes in 2022 have not been fully priced into the economy.
An improved high-yield asset class might not flash the same signs for reentry as in past economic downturns.
The economy continues to flash contradictory signs about how it is responding to the Fed’s tightening campaign.
Persistent inflation and the Fed’s efforts to fight it will lead to a mild recession, but investors can find opportunities across equity, fixed income and cash.
Rancor aside, with ‘extraordinary measures’ the debate over the U.S. debt limit has time to be resolved.
2022 was all about rates; this year is more nuanced.
Three things to watch in 2023.
The Fed pushes back against market expectations.
45 minute listen
Silvia Dall’Angelo, Donald Ellenberger and Steve Chiavarone discuss global inflation and whether the markets have already priced in a recession.
Municipal securities have much to offer if the economy slows.
Wide corporate bond spreads are enticing, but the time to add to credit sectors hasn't come yet.
Fed Chair Powell indicates the pace of hikes is not as crucial as arriving at the right place.
As they bide their time, investors should focus on strengthening portfolios.
With peak yields in sight, better times may be too.