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Fixed Income
September 20 2023
Monetary Policy .
Article

2 minute read

Proceeding carefully
September 20 2023

The Fed opts against raising rates, but doesn't rule out another hike this year.

August 24 2023
Fixed Income .
Article

2 minute read

Banks aren't totally out of the woods yet
August 24 2023

They've stabilized somewhat but still face pressures.

August 8 2023
International/Global .
Article

3 minute read

The case against China
August 8 2023

Rhetorically speaking, China may have long Covid.

August 3 2023
Fixed Income .
Article

3 minute read

Why the climb in long yields isn't likely to last
August 3 2023

Senior Portfolio Manager R.J. Gallo can think of seven reasons.

July 26 2023
Monetary Policy .
Article

2 minute read

Middle ground
July 26 2023

With the impact of its tightening still not apparent, the Fed opted for another modest rate hike. 

July 14 2023
International/Global .
Article

4 minute read

If everyone is surprised is it really a surprise?
July 17 2023

Consensus has taken a beating but is still standing.

July 21 2023
Markets/Economy .
Article

3 minute read

Don't forget Mac and Mae
July 17 2023

MBS issued by U.S. housing agencies could have advantages for investors if the economy slows.

July 13 2023
Fixed Income .
Article

5 minute read

Time, we believe, is on our side
July 11 2023

Defensive positioning didn’t hurt the first half. In the second half, it may help.

June 30 2023
Fixed Income .
Article

6 minute read

'You don't have to tell me 15 times'
June 30 2023

Don’t fight the Fed. Don’t fight the tape either.

June 14 2023
Markets/Economy .
Article

2 minute read

Preparing for the next step
June 14 2023

The Fed skipped a rate hike but suggested more could come. 

June 7 2023
International/Global .
Article

3 minute read

Oh, Mexico!
June 7 2023

Our southern neighbor is firing on all cylinders.

June 13 2023
Fixed Income .
Article

2 minute read

Bonds are (still) back
May 18 2023

And the case for bond returns is getting stronger.

May 30 2023
Fixed Income .
Article

3 minute read

EM isn't a blanket growth story
May 4 2023

Opportunities as varied as countries that fall under the emerging markets umbrella.

April 28 2023
Markets/Economy .
Podcast

43 minute listen

Putting the inflation genie into its lamp


April 26 2023

Stubborn inflation, strong consumption data and a robust labor market are clouding the economy’s path.

May 30 2023
Fixed Income .
Article

5 minute read

Picking our spots
April 14 2023

Volatile markets can offer opportunities.

April 28 2023
Monetary Policy .
Article

3 minute read

Balancing act
March 22 2023

Fed Chair Powell made the case for another quarter-point hike amid the banking turmoil.

April 28 2023
Fixed Income .
Article

3 minute read

This is not 2008!

March 15 2023

But banking issues brought to the fore this week are discomforting.

April 28 2023
Equity .
Article

7 minute read

They called 'peak inflation' 3 times in the '70s. Just saying.
February 17 2023

Inflation, consumer strength move bonds closer to the Fed. Stocks still keeping some distance.

April 28 2023
Fixed Income .
Article

3 minute read

It's an 'on the one hand, on the other' economy
February 8 2023

And that's creating challenges for fixed-income positioning.

April 28 2023
Fixed Income .
Article

3 minute read

Be on the lookout
January 26 2023

An improved high-yield asset class might not flash the same signs for reentry as in past economic downturns.

January 20 2023
2023 Outlook .
Podcast Themes, forecasts and pockets of value


January 20 2023

Persistent inflation and the Fed’s efforts to fight it will lead to a mild recession, but investors can find opportunities across equity, fixed income and cash.

April 28 2023
Politics .
Article

2 minute read

Dysfunction that knows no limits
January 20 2023

Rancor aside, with ‘extraordinary measures’ the debate over the U.S. debt limit has time to be resolved.

April 28 2023
2023 Outlook .
Article

5 minute read

The waiting game
January 17 2023

2022 was all about rates; this year is more nuanced.

January 17 2023
2023 Outlook .
Article Potholes remain, but bonds headed in right direction
January 5 2023

Three things to watch in 2023.

December 28 2022
2023 Outlook .
Article Bonds are back
December 28 2022

Three things to watch in 2023.

December 15 2022
Monetary Policy .
Article Disconnect
December 14 2022

The Fed pushes back against market expectations.

April 28 2023
Markets/Economy .
Podcast

45 minute listen

Is recession around the corner?
December 7 2022

Silvia Dall’Angelo, Donald Ellenberger and Steve Chiavarone discuss global inflation and whether the markets have already priced in a recession. 

November 30 2022
Markets/Economy .
Article The case for munis
November 30 2022

Municipal securities have much to offer if the economy slows.

November 29 2022
Markets/Economy .
Article Resist the temptation
November 17 2022

Wide corporate bond spreads are enticing, but the time to add to credit sectors hasn't come yet.

November 1 2022
Monetary Policy .
Article Not so fast
November 2 2022

Fed Chair Powell indicates the pace of hikes is not as crucial as arriving at the right place.

October 18 2022
Fixed Income .
Article Too soon to add to high yield
October 18 2022

As they bide their time, investors should focus on strengthening portfolios.

November 1 2022
Fixed Income .
Article Bond clouds starting to part
October 12 2022

With peak yields in sight, better times may be too.