February 14, 2019 No more ‘Wild East’: China’s Stock Market Is Growing Up Fast by John Lin, Stuart Rae The Chinese stock market is changing at breathtaking speed and is on track to reach maturity faster than any other in history. Global investors have been reluctant to dive in, but there are good reasons to get acquainted with the companies serving the world’s second-largest economy. Wealth Planning Likes 0 SHARE Bookmarks
February 13, 2019 The Long View: The Problem with Populism by Douglas J. Peebles, Eric Winograd Populist, anti-establishment policies will be with us for a while because the conditions that inspire them, such as rising inequality and stagnant incomes, will, too. That has long-term implications for inflation and global growth that investors cannot ignore. Economics, Fixed Income Likes 0 SHARE Bookmarks
February 12, 2019 High Yield: The Comeback Kid How swift will the high-yield recovery be? How likely is it to be sustained? History sheds some light. Fixed Income, Volatility Likes 0 SHARE Bookmarks
February 06, 2019 The Long View: Debt and Demographics by Douglas J. Peebles, Eric Winograd Countries and companies have been on a borrowing binge even as the growth of the working-age population in many parts of the world slows. Is a prolonged period of low growth and low inflation in our future? Economics, Fixed Income Likes 0 SHARE Bookmarks
February 05, 2019 Can a High-Yield Allocation Still Offset Equity Volatility? by Gershon Distenfeld Should you be concerned that high-yield bonds didn’t predict last year’s equity market selloff? We don’t think so. In fact, we think investors should consider adding high-yield exposure to reduce overall risk. Fixed Income, Volatility Likes 0 SHARE Bookmarks
February 04, 2019 How Well Do You Know High Yield? Do these statistics surprise you? While it may initially seem counterintuitive, the high-yield market’s quick rebound rate after downturns actually makes sense. Its consistent, high income makes it among the most resilient asset classes. Fixed Income Likes 0 SHARE Bookmarks
February 04, 2019 What the Size of Your Coffee Cup Can Teach Us About Investment Returns by Frank Caruso, Chris Kotowicz Many US companies have enjoyed an earnings boost from premium products in recent years. But a strong sales mix may leave a company’s profitability vulnerable in the late stages of an economic cycle, when spending trends begin to weaken. Equities Likes 0 SHARE Bookmarks
February 01, 2019 Latest Jobs Data Show a Robust US Labor Market by Eric Winograd The government shutdown and temporary displacement of some workers didn’t cause the strong US labor market to miss a beat. Today’s jobs report reinforces that gains have been accelerating. That’s good news for the economy and markets. Economics, Equities, Fixed Income Likes 0 SHARE Bookmarks
January 31, 2019 Is It Time for the Fed to Ditch the Dot Plot? by Eric Winograd The magnitude of recent market reactions to the Fed’s comments makes it clear that communication between the Fed and markets isn’t working: the market is too focused on the Fed—and not enough on the economy. One solution? The Fed should stop giving forward guidance about rates—and eliminate the “dot plot.” Economics Likes 0 SHARE Bookmarks
January 30, 2019 Building a Macro-Resistant Equity Portfolio by Kent Hargis, Sammy Suzuki, Chris Marx After a volatile year in global markets, equity investors are on high alert. With so much uncertainty about the macroeconomic growth outlook, we think it's important to make sure that an equity allocation is positioned to do well no matter what happens to the economy. Equities, Rising Rates, Volatility Likes 0 SHARE Bookmarks
January 29, 2019 Municipal Bonds: Three Strategies for 2019 by Daryl Clements Municipal bond investors like their muni portfolios to play the role of Old Faithful in their overall asset allocation, providing safety and income. But that doesn’t mean that the investment environment is reliably the same. How can muni investors stay on track in 2019? They can adhere to these three strategies. Active & Passive , Fixed Income, Municipals, Rising Rates Likes 0 SHARE Bookmarks
January 23, 2019 Nigeria and South Africa: Will Elections Bring Change for Investors? by Adriaan du Toit Africa’s two largest economies will hold elections this year, and there’s a good chance the outcomes will lead to slightly faster growth and higher asset prices. But rising populism and nationalism remain a longer-term risk. Economics, Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks
January 22, 2019 Are Global Stocks Divorced from Reality? by Mark Phelps, Dev Chakrabarti Equities declined around the world in 2018, and valuations fell sharply. The risks are clearly significant—but have stocks fallen too far? With earnings still expected to advance this year, we think selective investors can find attractive entry points. Equities, Rising Rates, Volatility Likes 0 SHARE Bookmarks
January 17, 2019 US Government Shutdown—Dimensioning the Economic Effects by Eric Winograd The US government shutdown is almost four weeks old, and there’s no sign that the standoff will be resolved anytime soon. How much has the shutdown impacted—and how much will it impact—economic growth? That depends on how long it lasts. Economics, Policy & Regulation Likes 0 SHARE Bookmarks
January 17, 2019 Populism Is Alive and Well: What’s the Big-Picture Impact? by Guy Bruten It’s been two years since our initial research on populism, and populist-inspired policies continue to advance today on multiple fronts. As we see it, investors should expect more of the same ahead—influencing everything from global economic growth and inflation to policies directed specifically at the corporate sector. Economics, Policy & Regulation Likes 0 SHARE Bookmarks
January 16, 2019 Brexit and Beyond: Investing in Europe amid Political Risk by Tawhid Ali, Andrew Birse With Brexit headlines dominating the European news, equity investors face an ongoing challenge. Building resilient portfolios requires a clear view of the long-term outlook for European companies that also reflects major short-term political uncertainties. Brexit, Equities Likes 0 SHARE Bookmarks