Legislative hurdles make state bankruptcy a remote possibility.

Senator Joe Biden is the current front-runner in a two-person race for the Democratic nomination, but upcoming state contests are crucial.

The Fed could give the economy a powerful boost by maintaining the mix of assets on its balance sheet.

We think investors should not extrapolate too much from who wins the early contests, including Iowa.

How can leaders in finance embrace the Davos 2020 theme of “Stakeholders for a Cohesive and Sustainable World”? Here are our key observations.

The U.S.-China trade deal is one of three diminishing policy risks, but investors shouldn’t assume that all policy uncertainty has been eliminated.

While many risk assets have rallied in 2019, the lower-rated tranches of collateralized loan obligations (CLOs) have weakened. Is this a sign that the credit cycle is turning?

We think there are policy tools in the Fed arsenal that wouldn’t materially alter the soundness of the banking system but could allow cash to move more freely.

The Fed has another lever to pull to ease monetary policy, one that could increase savings rates and create more disposable income.

In the past few weeks, U.S. equity momentum and value factors have had their sharpest moves in more than 15 years based on our calculations.

Businesses and investors are moving ahead with progressive actions despite policy vacuums.

Short-term bonds could rise in price and potentially maintain a high degree of liquidity in response to Federal Reserve rate cuts.

Markets can prove interesting when the price of liquidity abruptly increases and high yield is no longer the highest-yielding investment.