December 11, 2018 Ready and Able to Exploit Equity Volatility by Frank Caruso Recent volatility in equity markets has certainly increased anxieties for many investors. But we believe in being prepared and ready to exploit volatility—to position a portfolio for what will drive excess performance over the next three to five years. Equities, Volatility Likes 0 SHARE Bookmarks
December 05, 2018 The US Yield Curve Inverted. Time to Worry? by Erin Bigley, Scott Krauthamer What drove down US stocks this week? The answer may be the US bond market and what the shape of the yield curve is—or isn’t—telling us about the state of the economy. Equities, Fixed Income, Rising Rates, Volatility Likes 0 SHARE Bookmarks
November 13, 2018 Market Sell-Off Shows Risk Is a Moving Target by Kent Hargis, Sammy Suzuki, Chris Marx Recent volatility reminds us that new risks are testing standard defensive equity strategies. Portfolios that offer downside protection need to go beyond standard risk models and position themselves for changing challenges ranging from trade wars to European political instability. Equities, Trade Wars, Volatility Likes 0 SHARE Bookmarks
October 25, 2018 Looking Beyond the Equity Market Sell-Off by Eric Sprow, Scott Krauthamer The intensifying global equity sell-off this week has rattled many investors. More turbulence can be expected in the short term, but the recent volatility isn’t particularly extreme in historical perspective, and long-term market fundamentals still look solid. Equities, Volatility Likes 1 SHARE Bookmarks
September 26, 2018 What the US Midterm Elections Mean for Policy and the Markets by Scott Krauthamer Will Democrats retake the House of Representatives in the US midterm elections this fall? Will it matter for your investment portfolio if they do? Probably not so much, although a Democratic sweep of both houses could be more disruptive. Equities, Fixed Income, Policy & Regulation, Volatility Likes 0 SHARE Bookmarks
August 30, 2018 How Contagious Is Turkey? by Morgan Harting, Christian DiClementi The Turkish lira has dropped 38% as of August 28, putting pressure on inflation as well as the country’s debt-heavy corporations and banks. Investor jitters have spread over the past week to some other emerging markets and European banks with Turkish exposure, but we don’t expect contagion to expand much further from here. Currency, Emerging Markets, Fixed Income, Multi-Asset, Volatility Likes 0 SHARE Bookmarks
August 27, 2018 Imbalance of Trade: What Trade Wars Mean for Market Stability by Douglas J. Peebles Reduced global trade may have the unintended consequence of strengthening the US dollar, raising interest rates and pushing down stock prices. Together with tighter Federal Reserve policy, these developments may increase market turbulence. Currency, Fixed Income, Trade Wars, Volatility Likes 0 SHARE Bookmarks
August 21, 2018 Reading the Signs: Investment-Grade Bonds Present Warning and Opportunity by Gershon Distenfeld US investment-grade corporate bonds look cheaper today than their lower-quality counterparts in the high-yield market. Is this the buying opportunity of a lifetime? Not exactly. A closer look reveals there’s actually method to the madness. Fixed Income, Rising Rates, Volatility Likes 0 SHARE Bookmarks
June 15, 2018 Emerging Markets: Diminishing Risks vs. Headline Fears by Laurent Saltiel, Sergey Davalchenko, Naveen Jayasundaram Fears of new threats to emerging markets have cooled stock returns after two years of hot performance. But the concerns may be overstated. The long-term risk profile of emerging markets is continuing to improve. Emerging Markets, Equities, Rising Rates, Volatility Likes 1 SHARE Bookmarks
May 29, 2018 Will China Export Volatility as Equity Markets Open? by John Lin China’s markets are opening to the world—but be aware of the potential for unintended consequences. As more money flows into domestic Chinese stocks from abroad, more money is also flowing out of China, which may trigger volatility in regional markets. Emerging Markets, Equities, Volatility Likes 0 SHARE Bookmarks
May 23, 2018 Beyond the FAANGs: Technology Stocks and Downside Protection by Kent Hargis, Chris Marx, Sammy Suzuki Technology stocks are widely seen as powerful return drivers—with a lot of volatility attached. But surprisingly, shares of many companies that enable the technology revolution can provide solid returns and even downside protection. Equities, Volatility Likes 0 SHARE Bookmarks
April 20, 2018 Volatility Is Back—And That’s a Good Thing for Active Management by Richard Brink, Walt Czaicki, Scott Krauthamer It’s been a rocky start to 2018 for equity markets globally—volatility has returned with a bang and February saw the first 10% market correction in a while. So, why are active managers smiling? Active & Passive , Equities, Volatility Likes 0 SHARE Bookmarks
April 17, 2018 Who’s Afraid of Rising Rates? by Douglas J. Peebles Investing 101 tells us that rising interest rates are bad for a bond portfolio. But if you’ve got a long investment horizon, that isn’t necessarily so. We think investors should be more concerned about the end of the credit cycle than rising rates. Fixed Income, Rising Rates, Volatility Likes 0 SHARE Bookmarks