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Fixed Income
March 15 2023
Fixed Income .
Article This is not 2008

March 15 2023

But banking issues brought to the fore this week are discomforting.

March 10 2023
Markets/Economy .
Article No clarity
March 13 2023

Weekly Bond Commentary

March 3 2023
Markets/Economy .
Article Inflation, and rate expectations inching up
March 6 2023

Weekly Bond Commentary

February 24 2023
Markets/Economy .
Article The long view
February 27 2023

Weekly Bond Commentary

February 21 2023
Markets/Economy .
Article Slower descent
February 21 2023

Weekly Bond Commentary

February 17 2023
Equity .
Article They called 'peak inflation' 3 times in the '70s. Just saying.
February 17 2023

Inflation, consumer strength move bonds closer to the Fed. Stocks still keeping some distance.

February 13 2023
Markets/Economy .
Article Fed hawks still circling
February 13 2023

Weekly Bond Commentary

February 8 2023
Fixed Income .
Article It's an 'on the one hand, on the other' economy
February 8 2023

And that's creating challenges for fixed-income positioning.

February 3 2023
Markets/Economy .
Article Hot jobs report supports Powell's view
February 6 2023

Weekly Bond Commentary

January 30 2023
Markets/Economy .
Article Facing the facts
January 30 2023

It seems the Federal Reserve hikes in 2022 have not been fully priced into the economy.

January 27 2023
Fixed Income .
Article Be on the lookout
January 26 2023

An improved high-yield asset class might not flash the same signs for reentry as in past economic downturns.

January 23 2023
Markets/Economy .
Article Mixed signals
January 23 2023

The economy continues to flash contradictory signs about how it is responding to the Fed’s tightening campaign.

January 20 2023
2023 Outlook .
Podcast Themes, forecasts and pockets of value


January 20 2023

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.

February 2 2023
Politics .
Article Dysfunction that knows no limits
January 20 2023

Rancor aside, with ‘extraordinary measures’ the debate over the U.S. debt limit has time to be resolved.

January 17 2023
Markets/Economy .
Article Sunny side up?
January 17 2023

Weekly Bond Commentary

February 21 2023
2023 Outlook .
Article The waiting game
January 17 2023

2022 was all about rates; this year is more nuanced.

January 5 2023
Markets/Economy .
Article Economy taking its sweet time
January 9 2023

Weekly Bond Commentary

January 17 2023
2023 Outlook .
Article Potholes remain, but bonds headed in right direction
January 5 2023

Three things to watch in 2023.

December 29 2022
Markets/Economy .
Article Good riddance
January 3 2023

Weekly Bond Commentary

December 28 2022
2023 Outlook .
Article Bonds are back
December 28 2022

Three things to watch in 2023.

December 15 2022
Markets/Economy .
Article Markets have much to consider over holiday break
December 19 2022

Weekly Bond Commentary

December 15 2022
Monetary Policy .
Article Disconnect
December 14 2022

The Fed pushes back against market expectations.

December 9 2022
Markets/Economy .
Article Big week ahead
December 12 2022

Weekly Bond Commentary

December 7 2022
Markets/Economy .
Podcast Is recession around the corner?
December 7 2022

Silvia Dall’Angelo, Donald Ellenberger and Steve Chiavarone discuss global inflation and whether the markets have already priced in a recession. 

November 30 2022
Markets/Economy .
Article The case for munis
November 30 2022

Municipal securities have much to offer if the economy slows.

November 28 2022
Markets/Economy .
Article Glass (of eggnog) half full or half empty
November 28 2022

Weekly Bond Commentary

November 18 2022
Markets/Economy .
Article Opposing views
November 21 2022

Weekly Bond Commentary

November 29 2022
Markets/Economy .
Article Resist the temptation
November 17 2022

Wide corporate bond spreads are enticing, but the time to add to credit sectors hasn't come yet.

November 11 2022
Markets/Economy .
Article Less bad
November 14 2022

Weekly Bond Commentary

November 7 2022
Markets/Economy .
Article 180 degrees
November 7 2022

Weekly Bond Commentary

November 1 2022
Monetary Policy .
Article Not so fast
November 2 2022

Fed Chair Powell indicates the pace of hikes is not as crucial as arriving at the right place.

October 31 2022
Markets/Economy .
Article Consumers haven't soured
October 31 2022

Weekly Bond Commentary

October 21 2022
Markets/Economy .
Article Up and down
October 24 2022

Weekly Bond Commentary

October 18 2022
Fixed Income .
Article Too soon to add to high yield
October 18 2022

As they bide their time, investors should focus on strengthening portfolios.

October 18 2022
Markets/Economy .
Article Core CPI creeps up
October 17 2022

Weekly Bond Commentary

November 1 2022
Fixed Income .
Article Bond clouds starting to part
October 12 2022

With peak yields in sight, better times may be too.

October 10 2022
Markets/Economy .
Article Job gains likely force Fed's hands
October 10 2022

Weekly Bond Commentary

October 3 2022
Markets/Economy .
Article Still hot labor market fuels spending
October 3 2022

Weekly Bond Commentary

September 23 2022
Markets/Economy .
Article Not taking the news well
September 26 2022

Weekly Bond Commentary

September 16 2022
Markets/Economy .
Article Waiting for the other shoe to drop
September 19 2022

Weekly Bond Commentary

September 9 2022
Markets/Economy .
Article Adding color
September 12 2022

Weekly Bond Commentary

September 2 2022
Markets/Economy .
Article The labor market is not complying
September 6 2022

Weekly Bond Commentary

August 26 2022
Markets/Economy .
Article Fed renews its vows in Jackson Hole
August 29 2022

Weekly Bond Commentary

August 22 2022
Markets/Economy .
Article Wrestling with inflation
August 22 2022

Weekly Bond Commentary

August 12 2022
Markets/Economy .
Article Waiting to exhale
August 15 2022

Weekly Bond Commentary

August 8 2022
Markets/Economy .
Article Conundrum
August 8 2022

Weekly Bond Commentary

August 4 2022
Equity .
Podcast Revenge of the boring


August 4 2022

Seeking opportunities amid volatility.

July 29 2022
Markets/Economy .
Article The Fed's plate is full
August 1 2022

Weekly Bond Commentary

July 27 2022
Monetary Policy .
Article Another big swing
July 27 2022

The Fed raises interest rates by 0.75% for the second month in a row.

July 25 2022
Markets/Economy .
Article Hawks taking flight
July 25 2022

Weekly Bond Commentary

July 15 2022
Markets/Economy .
Article Alarming rise
July 18 2022

Weekly Bond Commentary

August 22 2022
Fixed Income .
Article Stay tuned, stay nimble
July 14 2022

After years of playing defense, it's time to think offense.

July 11 2022
Markets/Economy .
Article Sweating the numbers
July 11 2022

Weekly Bond Commentary

July 5 2022
Markets/Economy .
Article Recession worries increase
July 5 2022

Weekly Bond Commentary

June 24 2022
Markets/Economy .
Article Tempest in a teapot, or a true shift?
June 27 2022

Weekly Bond Commentary

June 17 2022
Markets/Economy .
Article Economy slows as Fed quickens
June 21 2022

Weekly Bond Commentary

June 15 2022
Monetary Policy .
Article Since you offered
June 15 2022

The market’s late shift in expectations gave the Fed the opportunity for a 0.75% hike.

June 13 2022
Markets/Economy .
Article CPI, claims and confidence
June 13 2022

Weekly Bond Commentary

June 6 2022
Markets/Economy .
Article Hot potatoes
June 6 2022

Weekly Bond Commentary

June 1 2022
Fixed Income .
Article Where do yields go from here?
June 1 2022

Up, but until there is more clarity, maybe not much.

May 27 2022
Markets/Economy .
Article The roller coaster ride continues
May 31 2022

Weekly Bond Commentary

May 23 2022
Markets/Economy .
Article Consumers, Fed undeterred
May 23 2022

Weekly Bond Commentary

May 16 2022
Markets/Economy .
Article The inflation blues
May 16 2022

Weekly Bond Commentary

May 6 2022
Markets/Economy .
Article Driven by data
May 9 2022

Weekly Bond Commentary

May 2 2022
Markets/Economy .
Article Contraction
May 2 2022

Weekly Bond Commentary

April 28 2022
Monetary Policy .
Article Investors should stay defensive if the Fed follows its rhetoric
April 28 2022

More rate hikes would favor cash, floating-rate securities and value stocks.

May 13 2022
Interest Rates .
Article Federal Open Mouth Committee
April 26 2022

The Fed's abundant messaging has the market doing its work for it.

April 22 2022
Markets/Economy .
Article High expectations
April 25 2022

Weekly Bond Commentary

April 19 2022
Markets/Economy .
Article Consumers frustrated but resilient
April 18 2022

Weekly Bond Commentary

December 7 2022
Fixed Income .
Article Mosaic of uncertainties merits caution
April 11 2022

Bonds wrestle with pricing Fed, war and inflation outcomes.  

April 11 2022
Markets/Economy .
Article Labor market too hot for the Fed
April 11 2022

Weekly Bond Commentary

April 4 2022
Markets/Economy .
Article View the big picture
April 4 2022

Weekly Bond Commentary

March 28 2022
Markets/Economy .
Article Inflation cutting into consumer behavior
March 28 2022

Weekly Bond Commentary

March 18 2022
Markets/Economy .
Article No easy task
March 21 2022

Weekly Bond Commentary