Recently I saw someone share a clip from their weather app. It said, “Rain expected at 3 pm,” right above a little graphic showing a 30% chance of rain at 3 pm. What’s wrong with that picture?
The U.S. dollar remains the world’s top reserve currency for now, though its share of global central banks’ official holdings has slipped in the past 20 years. By contrast, the yuan’s share of official holdings has more than doubled since 2016.
The GMO Focused Equity team has evaluated banks in the context of our Quality Strategy for 20 years, using both quantitative and fundamental analysis to invest in high-quality banks with healthy financials and in our opinion responsible management practices.
I’ll explore four tools and strategies you can leverage to improve how your site ranks in search engines to reach your clients and prospects more effectively.
Silicon Valley Bank was a “vital cog” in the private market ecosystem, which leads to many questions—and opportunities—across the alternative investments landscape.
I am drained having my colleagues and team members come to me with problems because of their frustration with my company.
Do advisors need to accept that technology will forever be a drag, or can the right approach lead to personal happiness and a more productive practice?
A question has arisen amid all the bank failures. How, with the bond market enduring its worst spasm of volatility in almost four decades, have benchmark-level stocks managed to glide along, oases of calm?
FINRA has released new data for margin debt, now available through February. The latest debt level is at 624.38 billion, down 2.6% month-over-month (MoM) and down 25.3% year-over-year (YoY). However after adjusting for inflation, debt level is down 3.2% MoM and down 29.5% YoY.
Steve Chiavarone doesn’t want to scare anyone, but what he remembers most from the last banking crisis was how sure most people were that it wouldn’t happen.
Robust risk management is essential for fixed income investors. In his latest commentary, Marcus Moore explains why our sustainable investing team considers ESG factors as material business risks, similar to the traditional risks they also analyze.
Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week.
Portfolio manager Peeyush Mittal and research analyst Swagato Ghosh say India has a fiscal playbook to chart a path of stability and growth.
In a dovish move, the central bank raises rates by half a point.
Although the dust has not yet settled, we think it’s a good time to pause and consider the implications of the recent Silicon Valley Bank (SVB) collapse.
The banking earthquake is sending shockwaves through the financial markets. The financial and economic aftershocks, soon to follow, are underappreciated and will prove worse than the earthquake.
The failure of Silicon Valley Bank raises questions for Fed policy and economic growth.
China can match the US in artificial intelligence thanks to the expertise of companies from Alibaba to Baidu, joining a global tech transformation that will dwarf the mobile revolution, according to industry pioneer Kai-Fu Lee.
Bridgewater Associates founder Ray Dalio warned Silicon Valley Bank’s failure shows cracks widening in global finance, joining other US billionaires raising the alarm on fallout from the lender’s collapse.
The extreme “tail” risk ahead may be disorienting.
Regulators' prompt response and the creation of a new lending facility should limit broader market fallout from recent bank failures, notes Chief Investment Officer Larry Adam.
The high-profile collapse of Silicon Valley Bank last week is a story about bad debt, just not in the way most people think.
If a picture is worth a thousand words, this will be the “longest” letter I’ve sent you in a while, as there are quite a few pictures. It may also be the most wide-ranging.
This morning's employment report for February showed a 311,000 increase in total nonfarm payrolls, which exceeded the Investing.com forecast of 205,000 jobs added. The unemployment rate rose to 3.6%.
Gen Zers, according to a recent Magnify Money survey, are overly optimistic about being wealthy.
Having raised rates by over 4% over a short period and in a very leveraged economy, the Fed no longer has the big stick it used to have. Therefore, speaking loudly with hawkish rhetoric and narrative must become a priority.
The question you are asking about AI (“Will AI replace me?”) is wrong. The right one is this…
I will explain what ChatGPT is beyond the headlines, and its capabilities and limitations. I will then share a use case in wealth management and explore whether it will replace human financial advisors.
There were many good things to think about from Warren Buffett’s letter to shareholders which came out recently. In this piece, we’d like to drill down on two subjects that Buffett highlighted.
The crypto world’s eyes will once again turn to Washington on Tuesday as oral arguments begin in Grayscale Investments’s lawsuit against the US Securities and Exchange Commission. The case is being argued in the D.C. Court of Appeals.
Forget ChatGPT, going independent or podcasts. The hottest trend growth-oriented advisors must know is the rise of the fractional marketer.
It’s a time-honored tale. A new force enters the market — quantitative easing, leveraged ETFs, high-frequency trading — and a cottage industry on Wall Street is born devoted to exposing the risks it supposedly poses for investors.
Economic growth and inflation have surprised to the upside so far in 2023, not only thanks to the reopening of the Chinese economy, but also due to the resilience of the labour markets.
A recent Wall Street Journal article discussed how retail traders that made millions during the pandemic trading the market are now mostly wiped out.
Medical Properties Trust’s dividend at the 2022 rate of $1.16 is safe even if Prospect, its third-largest operator, does not pay a single cent in 2023.
Maybe UFOs are carrying wealthy aliens wanting to buy a lot of stuff and boost our economy. More likely, those forecasting a no landing have a false sense of optimism that the economy will continue to be resilient.
"Travel on all roads and streets changed by -1.8% (-4.6 billion vehicle miles) for December 2022 as compared with December 2021. Travel for the month is estimated to be 256.4 billion vehicle miles." The 12-month moving average was down month-over-month by 2.87% and was up 0.9% year-over-year. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) dropped 2.9% month-over-month and was down 0.1% year-over-year.
Whether you’re a lover or loather of Jim Cramer — and on both Wall Street and Main Street, there are plenty of each — you’re now able to express that view via the magic of ETFs.
As a young stockbroker in the 1980s, I was very enamored with T. Boone Pickens.
Consumers want meaningful connections, authenticity, and value from credible sources, whether or not they have “celebrity” status.
Over the past few decades, investors have become conditioned to expect that rising interest rates will trigger broader US financial market crises.
Wall Street’s vaunted leveraged finance desks are reeling. Billions of dollars in losses on mistimed loans have forced them to dramatically scale back lending, leaving the private equity firms that rely on them to help fund acquisitions in a bind.
The accompanying chart is a way to visualize real GDP change since 2007 and uses stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of the four, which is real GDP itself. Here is the latest overview from the Bureau of Labor Statistics.
One year after the invasion, Senior Sovereign Analyst Hassan Malik looks at the state of affairs in the Russia-Ukraine war and what has (and hasn't) changed.
Professional speculators aren’t convinced that the worst is over for one risky corner of the stock market despite a rousing new-year rally.
Last week, we discussed why the more bullish technical formations were at odds with the many recession forecasts.
Leveraged properly, AI technology can serve as a partner instead of an adversary.
A week after JPMorgan Chase & Co.’s Marko Kolanovic issued a “Volmageddon 2.0” warning on the explosive rise in short-dated options, Bank of America Corp. strategists are pushing back.
On February 5, 2023, Charlie Munger sat down as the Chairman Emeritus of the Daily Journal Corporation (DJCO) to answer questions from shareholders and the public.
A malinvestment bubble has persisted for years, sucking in a considerable amount of capital from many sources.
The market correction has started.
If your clients are seduced by television advertisements offering untold wealth accumulation through options trading, new research shows just how destructive that type of speculation has been.
Gold is nearing its strongest buy signal in four months as the U.S. dollar eases off a rally that’s carried the greenback to its highest point since early January.
Review the latest portfolio strategy commentary from Mike Gibbs, managing director of Equity Portfolio and Technical Strategy.
Dislocations breed opportunity. As active fixed income managers, we look past the noise and focus on fundamentals and valuations.
History tells us it's a matter of when and not if tighter monetary will send the economy into a recession.
Contrarian investing requires extra due diligence to identify traits that give investors confidence and conviction to invest in a company when everything and everyone is against it.
After withstanding a multitude of global challenges last year, emerging markets look poised for improvement as inflation recedes and the path of monetary policy comes into view.
Despite enduring a brutal start to the year for their portfolios thanks to a surprise market rally, two top-ranked fund managers are sticking to the bearish views that made them winners in the 2022 stock crash.
Despite mounting evidence supporting recession forecasts, the stock market remains at odds with that outlook.
The aftermarket auto parts industry has been dominated by fast-growing growth stocks O’Reilly automotive and AutoZone.
Money managers have cut $300 billion of bearish bets and are now positioned more in line with historic norms — robbing the market of pent-up demand just as the Federal Reserve warns its inflation-fighting battle is far from over.
Read Michael Contopoulos' latest report highlighting opportunities outside of Investment Grade corporate bonds and why one does not need to own credit to generate income at the moment.
How do you visualize the organizational structure that best leverages the strengths of your staff and puts you on a path for fast, profitable growth?
Can you see why your prospect’s hiring decision is not a rational assessment of what you actually do?
These weekly letters, of which I’ve now written well over 1,000 (plus 7 books and multiple papers and articles), are generally about two broad topics: the economy and the financial markets. While related, these aren’t the same. Good news for one can be (and often is) bad news for the other.
Just months after FTX’s collapse drew some of the largest distressed investors to crypto, the spiraling industry has thrown up a new high-profile target: Genesis.
The US housing slump stretched into a fifth month, sending a measure of prices down 2.5% from a peak in June.
A plunge in pricing power was one of the most notable developments we found in our latest quarterly survey of our credit analysts, who follow more than two dozen industries.
With wage growth still strong and unemployment low, the labour market is still historically tight. For now.
Slowly but surely, investment bankers from New York to London are chipping away at the tens of billions of dollars in leveraged buyout debt that remains famously stuck on their balance sheets.
In 2023, trust is only half of the equation, The other half is authority.
US dollar cycles are long.
The “pain trade” is likely higher over the next few weeks.
The Northern Trust Economics team shares its outlook for key markets in the month ahead.
The first and easiest leg of the bursting of the bubble we called for a year ago is complete.
The Loomis Sayles Investment Grade Sector Team shares their expectations for the IG corporate bond market in 2023.
So far, my 2023 investing looks just like 2022: lots of waiting.
When should your firm begin to leverage a new offering, if at all? Let’s talk about ESG investing and share three strategies to help your firm discuss and market a new product or service in an authentic, practical, and distinctive way.
Investors may be able to lock in higher yield levels notes Doug Drabik, Managing Director, Fixed Income Research and Nick Goetze, Managing Director, Fixed Income Solutions.
2022 was a difficult year for bond investors, but the combination of high inflation and tighter Fed policy should keep yields elevated, creating materially stronger fixed income returns in the new year.
A chart breakdown in the S&P 500. Signs of complacency in a closely watched options gauge.
The Loomis Sayles Emerging Markets Debt Sector Team shares their views on growth, corporate defaults and inflation.
BlackRock Inc., the world’s largest asset manager, suggests investors should abandon portfolios made up of 60% stocks and 40% bonds, a mix that has been a standard for six decades.
Oil prices continue to struggle as recession fears have curtailed the market is recent months.
Wall Street bond dealers are moving rapidly to the sidelines of US Treasury auctions — the very activity that defines their status at the heart of the world’s biggest bond market.
Many older workers who left the workforce during the pandemic may not return to the labor market.
The team at Infrastructure Capital Advisors provides key insights and advice on current market conditions and economic outlook for this month and the coming months.
Leveraged and Inverse Funds
Recession Odds Rising
Recently I saw someone share a clip from their weather app. It said, “Rain expected at 3 pm,” right above a little graphic showing a 30% chance of rain at 3 pm. What’s wrong with that picture?
Is This The End Of The Petrodollar?
The U.S. dollar remains the world’s top reserve currency for now, though its share of global central banks’ official holdings has slipped in the past 20 years. By contrast, the yuan’s share of official holdings has more than doubled since 2016.
Echoes Of '08? Don't Bank On It
The GMO Focused Equity team has evaluated banks in the context of our Quality Strategy for 20 years, using both quantitative and fundamental analysis to invest in high-quality banks with healthy financials and in our opinion responsible management practices.
Four Tools to Improve Your Site's Search Visibility
I’ll explore four tools and strategies you can leverage to improve how your site ranks in search engines to reach your clients and prospects more effectively.
Alternative Investments Outlook Post-SVB
Silicon Valley Bank was a “vital cog” in the private market ecosystem, which leads to many questions—and opportunities—across the alternative investments landscape.
Is My Company Really That Bad?
I am drained having my colleagues and team members come to me with problems because of their frustration with my company.
Can Technology Make You Happy?
Do advisors need to accept that technology will forever be a drag, or can the right approach lead to personal happiness and a more productive practice?
Stocks Are Shrugging Off Bank Woes With Help From Hedge Funds
A question has arisen amid all the bank failures. How, with the bond market enduring its worst spasm of volatility in almost four decades, have benchmark-level stocks managed to glide along, oases of calm?
Margin Debt Down 2.6% in February
FINRA has released new data for margin debt, now available through February. The latest debt level is at 624.38 billion, down 2.6% month-over-month (MoM) and down 25.3% year-over-year (YoY). However after adjusting for inflation, debt level is down 3.2% MoM and down 29.5% YoY.
Bank Crisis Survivors Remember How Fast the Dominoes Can Fall
Steve Chiavarone doesn’t want to scare anyone, but what he remembers most from the last banking crisis was how sure most people were that it wouldn’t happen.
Sustainable Investing: Opportunistically Managing Risk
Robust risk management is essential for fixed income investors. In his latest commentary, Marcus Moore explains why our sustainable investing team considers ESG factors as material business risks, similar to the traditional risks they also analyze.
Could Bank Runs Lead to a Run on Gold & Silver?
Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week.
India’s Balancing Act
Portfolio manager Peeyush Mittal and research analyst Swagato Ghosh say India has a fiscal playbook to chart a path of stability and growth.
The ECB Hikes Rates Amid Financial Market Volatility
In a dovish move, the central bank raises rates by half a point.
SVB Failure: The Impact on Private Credit
Although the dust has not yet settled, we think it’s a good time to pause and consider the implications of the recent Silicon Valley Bank (SVB) collapse.
The Aftershock That Will Follow Silicon Valley Bank
The banking earthquake is sending shockwaves through the financial markets. The financial and economic aftershocks, soon to follow, are underappreciated and will prove worse than the earthquake.
Bank Failures and the Fed
The failure of Silicon Valley Bank raises questions for Fed policy and economic growth.
China Can Quickly Catch Up to US AI, Says Venture Veteran
China can match the US in artificial intelligence thanks to the expertise of companies from Alibaba to Baidu, joining a global tech transformation that will dwarf the mobile revolution, according to industry pioneer Kai-Fu Lee.
Ray Dalio Warns SVB’s Collapse Shows Cracks Widening in Global Finance
Bridgewater Associates founder Ray Dalio warned Silicon Valley Bank’s failure shows cracks widening in global finance, joining other US billionaires raising the alarm on fallout from the lender’s collapse.
Headed For The Tail
The extreme “tail” risk ahead may be disorienting.
Recent Bank Failures a Potential Game-Changer for The Fed
Regulators' prompt response and the creation of a new lending facility should limit broader market fallout from recent bank failures, notes Chief Investment Officer Larry Adam.
Treasuries: "Risk Free" or "Risk Unlimited"?
The high-profile collapse of Silicon Valley Bank last week is a story about bad debt, just not in the way most people think.
Thousand-Word Equivalents
If a picture is worth a thousand words, this will be the “longest” letter I’ve sent you in a while, as there are quite a few pictures. It may also be the most wide-ranging.
February Employment: 311K Jobs Added, Higher Than Forecast
This morning's employment report for February showed a 311,000 increase in total nonfarm payrolls, which exceeded the Investing.com forecast of 205,000 jobs added. The unemployment rate rose to 3.6%.
Gen Zers Are Overly Optimistic About Being Wealthy
Gen Zers, according to a recent Magnify Money survey, are overly optimistic about being wealthy.
The Fed Must Speak Loudly Because It Carries a Small Stick
Having raised rates by over 4% over a short period and in a very leveraged economy, the Fed no longer has the big stick it used to have. Therefore, speaking loudly with hawkish rhetoric and narrative must become a priority.
You Are Asking the Wrong Question About ChatGPT
The question you are asking about AI (“Will AI replace me?”) is wrong. The right one is this…
Embracing ChatGPT in Wealth Management
I will explain what ChatGPT is beyond the headlines, and its capabilities and limitations. I will then share a use case in wealth management and explore whether it will replace human financial advisors.
Musings from Buffett’s Letter
There were many good things to think about from Warren Buffett’s letter to shareholders which came out recently. In this piece, we’d like to drill down on two subjects that Buffett highlighted.
What to Watch as Grayscale and SEC Face Off Over ETF Conversion
The crypto world’s eyes will once again turn to Washington on Tuesday as oral arguments begin in Grayscale Investments’s lawsuit against the US Securities and Exchange Commission. The case is being argued in the D.C. Court of Appeals.
What is a Fractional Marketer? Should You Hire One?
Forget ChatGPT, going independent or podcasts. The hottest trend growth-oriented advisors must know is the rise of the fractional marketer.
Clueless Wall Street Is Racing to Size Up Zero-Day Options Boom
It’s a time-honored tale. A new force enters the market — quantitative easing, leveraged ETFs, high-frequency trading — and a cottage industry on Wall Street is born devoted to exposing the risks it supposedly poses for investors.
Navigating A Turbulent Environment: EM IG To The Rescue
Economic growth and inflation have surprised to the upside so far in 2023, not only thanks to the reopening of the Chinese economy, but also due to the resilience of the labour markets.
Retail Traders Go Bust As Speculation Inevitably Goes Wrong
A recent Wall Street Journal article discussed how retail traders that made millions during the pandemic trading the market are now mostly wiped out.
Medical Properties Trust: 11.26% Yield – The Risk is Priced In
Medical Properties Trust’s dividend at the 2022 rate of $1.16 is safe even if Prospect, its third-largest operator, does not pay a single cent in 2023.
The "No Landing" Scenario is as Likely as UFOs
Maybe UFOs are carrying wealthy aliens wanting to buy a lot of stuff and boost our economy. More likely, those forecasting a no landing have a false sense of optimism that the economy will continue to be resilient.
America's Driving Habits as of December 2022
"Travel on all roads and streets changed by -1.8% (-4.6 billion vehicle miles) for December 2022 as compared with December 2021. Travel for the month is estimated to be 256.4 billion vehicle miles." The 12-month moving average was down month-over-month by 2.87% and was up 0.9% year-over-year. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) dropped 2.9% month-over-month and was down 0.1% year-over-year.
Jim Cramer ETFs Arrive to Bet On, Against Mad Money Host’s Picks
Whether you’re a lover or loather of Jim Cramer — and on both Wall Street and Main Street, there are plenty of each — you’re now able to express that view via the magic of ETFs.
Drilling for Oil on the NYSE
As a young stockbroker in the 1980s, I was very enamored with T. Boone Pickens.
How to Reimagine Influencer Marketing for Your Firm
Consumers want meaningful connections, authenticity, and value from credible sources, whether or not they have “celebrity” status.
Why Rising US Rates Don’t Have to "Break" the System
Over the past few decades, investors have become conditioned to expect that rising interest rates will trigger broader US financial market crises.
As Wall Street Chokes on Bad Buyout Loans, Rivals Seize Opening
Wall Street’s vaunted leveraged finance desks are reeling. Billions of dollars in losses on mistimed loans have forced them to dramatically scale back lending, leaving the private equity firms that rely on them to help fund acquisitions in a bind.
An Inside Look at the GDP Q4 Second Estimate
The accompanying chart is a way to visualize real GDP change since 2007 and uses stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of the four, which is real GDP itself. Here is the latest overview from the Bureau of Labor Statistics.
One Year Into the Russia-Ukraine War, and No End in Sight
One year after the invasion, Senior Sovereign Analyst Hassan Malik looks at the state of affairs in the Russia-Ukraine war and what has (and hasn't) changed.
Hedge Funds Again Shorting Risky Tech After Rally Forced Unwind
Professional speculators aren’t convinced that the worst is over for one risky corner of the stock market despite a rousing new-year rally.
The Technicals Vs The Fundamentals. Which Is Right?
Last week, we discussed why the more bullish technical formations were at odds with the many recession forecasts.
Are You Ready to Embrace the Robot Overlords?
Leveraged properly, AI technology can serve as a partner instead of an adversary.
Bank of America Says Options-Driven 'Volmageddon 2.0' Warning Is Overblown
A week after JPMorgan Chase & Co.’s Marko Kolanovic issued a “Volmageddon 2.0” warning on the explosive rise in short-dated options, Bank of America Corp. strategists are pushing back.
Ramblings From My Idol, Charlie Munger
On February 5, 2023, Charlie Munger sat down as the Chairman Emeritus of the Daily Journal Corporation (DJCO) to answer questions from shareholders and the public.
A Sustained Reopening: 1Q 2022 Outlook
A malinvestment bubble has persisted for years, sucking in a considerable amount of capital from many sources.
The Correction May Have Started, Will Bulls Remain In Control?
The market correction has started.
The Wealth-Destroying Behavior of Retail Option Trading
If your clients are seduced by television advertisements offering untold wealth accumulation through options trading, new research shows just how destructive that type of speculation has been.
Gold Nearing Strongest Buy Signal In Four Months
Gold is nearing its strongest buy signal in four months as the U.S. dollar eases off a rally that’s carried the greenback to its highest point since early January.
The Technicals Vs The Fundamentals. Which Is Right?
Last week, we discussed why the more bullish technical formations were at odds with the many recession forecasts.
Weekly Market Guide
Review the latest portfolio strategy commentary from Mike Gibbs, managing director of Equity Portfolio and Technical Strategy.
Global Bonds—Volatility & Uncertainty Here to Stay
Dislocations breed opportunity. As active fixed income managers, we look past the noise and focus on fundamentals and valuations.
The Leading Indicators are Signaling Recession
History tells us it's a matter of when and not if tighter monetary will send the economy into a recession.
FedEx: A Case Study In Contrarian Investing
Contrarian investing requires extra due diligence to identify traits that give investors confidence and conviction to invest in a company when everything and everyone is against it.
The Worst is Likely Behind for Emerging Markets
After withstanding a multitude of global challenges last year, emerging markets look poised for improvement as inflation recedes and the path of monetary policy comes into view.
Stock Rally Is a Bear-Market Trap, Top-Ranked Fund Managers Say
Despite enduring a brutal start to the year for their portfolios thanks to a surprise market rally, two top-ranked fund managers are sticking to the bearish views that made them winners in the 2022 stock crash.
Weekly Market Guide
Review the latest portfolio strategy commentary from Mike Gibbs, managing director of Equity Portfolio and Technical Strategy.
Recession Forecasts At Odds With Bullish Formations
Despite mounting evidence supporting recession forecasts, the stock market remains at odds with that outlook.
Buy This Stock For Its 4% Dividend, Safety And Profit Potential
The aftermarket auto parts industry has been dominated by fast-growing growth stocks O’Reilly automotive and AutoZone.
Big Short in Stocks Is Almost Over After $300 Billion Unwind
Money managers have cut $300 billion of bearish bets and are now positioned more in line with historic norms — robbing the market of pent-up demand just as the Federal Reserve warns its inflation-fighting battle is far from over.
The Credit Hype Machine is Going to Break
Read Michael Contopoulos' latest report highlighting opportunities outside of Investment Grade corporate bonds and why one does not need to own credit to generate income at the moment.
Designing an Organizational Structure to be a Future-Ready Business
How do you visualize the organizational structure that best leverages the strengths of your staff and puts you on a path for fast, profitable growth?
Why Prospects Irrationally Choose Advisors
Can you see why your prospect’s hiring decision is not a rational assessment of what you actually do?
A Muddle-Through Market, for Now
These weekly letters, of which I’ve now written well over 1,000 (plus 7 books and multiple papers and articles), are generally about two broad topics: the economy and the financial markets. While related, these aren’t the same. Good news for one can be (and often is) bad news for the other.
Distressed Crypto Deals Heat Up as Jefferies Buys Genesis Claim
Just months after FTX’s collapse drew some of the largest distressed investors to crypto, the spiraling industry has thrown up a new high-profile target: Genesis.
US Housing Market Cools With Prices Down 2.5% From June Peak
The US housing slump stretched into a fifth month, sending a measure of prices down 2.5% from a peak in June.
Corporate Health Weakens as Pricing Power Falls Sharply
A plunge in pricing power was one of the most notable developments we found in our latest quarterly survey of our credit analysts, who follow more than two dozen industries.
The Labor Market Is Still Historically Tight
With wage growth still strong and unemployment low, the labour market is still historically tight. For now.
Wall Street Rides Loan-Market Rally to Sell Risky Buyout Debt
Slowly but surely, investment bankers from New York to London are chipping away at the tens of billions of dollars in leveraged buyout debt that remains famously stuck on their balance sheets.
The Secret to Making the Sale in 2023
In 2023, trust is only half of the equation, The other half is authority.
The Buck Stops Here
US dollar cycles are long.
The “Pain Trade” Is Higher For Now
The “pain trade” is likely higher over the next few weeks.
Global Economic Outlook: Run-of-the-Mill
The Northern Trust Economics team shares its outlook for key markets in the month ahead.
After a Timeout, Back to the Meat Grinder!
The first and easiest leg of the bursting of the bubble we called for a year ago is complete.
IG Outlook: Positive Technicals, Deteriorating Fundamentals
The Loomis Sayles Investment Grade Sector Team shares their expectations for the IG corporate bond market in 2023.
Why I’m Waiting for the Fed to Pivot
So far, my 2023 investing looks just like 2022: lots of waiting.
Three Strategies to Expand Your ESG Offerings
When should your firm begin to leverage a new offering, if at all? Let’s talk about ESG investing and share three strategies to help your firm discuss and market a new product or service in an authentic, practical, and distinctive way.
New Year Opens Window of Opportunity for Bond Investors
Investors may be able to lock in higher yield levels notes Doug Drabik, Managing Director, Fixed Income Research and Nick Goetze, Managing Director, Fixed Income Solutions.
Strategic Income Outlook: Was This a Crazy Year or What?
2022 was a difficult year for bond investors, but the combination of high inflation and tighter Fed policy should keep yields elevated, creating materially stronger fixed income returns in the new year.
Bruised Stock Bears Bust Out the Charts in Arguing the Top Is In
A chart breakdown in the S&P 500. Signs of complacency in a closely watched options gauge.
EM Debt Outlook: China Takes Center Stage
The Loomis Sayles Emerging Markets Debt Sector Team shares their views on growth, corporate defaults and inflation.
Investors Risk Making a Classic Portfolio Mistake
BlackRock Inc., the world’s largest asset manager, suggests investors should abandon portfolios made up of 60% stocks and 40% bonds, a mix that has been a standard for six decades.
Time to Buy the Dip In Energy?
Oil prices continue to struggle as recession fears have curtailed the market is recent months.
Wall Street Dealers Become Bit Players in US Bond Sales
Wall Street bond dealers are moving rapidly to the sidelines of US Treasury auctions — the very activity that defines their status at the heart of the world’s biggest bond market.
Content in Retirement
Many older workers who left the workforce during the pandemic may not return to the labor market.
October 2022 Market & Economic Outlook Report
The team at Infrastructure Capital Advisors provides key insights and advice on current market conditions and economic outlook for this month and the coming months.