Given absolute and relative valuations, credit offers a compelling balance between risk and reward potential.
In recent months, many politicians and policymakers have grown more aggressively vocal in their call to break up large and systemically important U.S. banks as a further measure toward preventing another global financial crisis. We suggest they reconsider for several reasons.
While one month does not make a trend, we’ve had a string of strong U.S. inflation data this month.
To meet the growing need for income and diversification, especially for retirement portfolios, there is an alternative to bank hybrids and equities that seems to be overlooked
U.S. elderly, especially the highest earners, are working and saving later in life. And these high earners matter a lot because they drive the lion’s share of global saving.
This is a Fed that still holds to a baseline view that more hikes will be appropriate later in 2016.
The British referendum on whether to remain a member of the European Union is likely to weigh on UK markets for months to come.
Financial markets, and perhaps the global economy, seem to be reaching a crossroads where it appears that central banks have exhausted their abilities to support real growth with the toolkit currently being used.
In our December cyclical outlook, we offered a baseline view that the next phase of the business cycle in the U.S. would see a delicate handoff from job growth to wage growth.
Avoiding mismatches has become more challenging as the global investment landscape has undergone dramatic secular change