Navigate these turbulent times with insights from our investment teams.
Navigate these turbulent times with insights from our investment teams.
Well-defined research and talking points guide better conversations and informed decisions.
The road to investment success is rarely as smooth as we would like.
In our view, higher frequency data such as elevated jobless claims and small business employment highlight the risk that the recovery could stall absent additional fiscal stimulus.
From toilet paper shortages to extreme job losses and GDP figures that are literally off the charts, to oil futures trading briefly with negative dollar prices, 2020 has thwarted many embedded assumptions about the world.
In our view, U.S. corporates appear attractive even noting the recompression of spreads since the first quarter.
In our view, monetary and fiscal policy have done a tremendous job in papering over fundamental uncertainty.
In our view, the magnitude and speed of the market recovery in the second quarter are noteworthy and potentially cautionary.
In our view, the markets feel much healthier at the end of April than a month ago, but underappreciated in the improved sentiment is not only the scale of March policy action, but its continuation into April.
Credit markets have seen extreme repricing over the past month as a result of the market stress caused by coronavirus and its impact to the economy.
In our view, the unprecedented response in both scale and speed from the Fed and the U.S. government were necessary.
This week we saw the largest fiscal stimulus in U.S. history, significant monetary policy announcements from the Fed and T-bills go into negative yielding territory…and it felt like a quiet week!
The Fed actions reflect the gravity of the current situation. However, the Fed is facing new challenges not seen in prior instances of QE.
If the economy has been expanding for a decade, why isn’t inflation higher?
