Signs of economic weakness are pervasive.  Quantitative evidence from economic reports is depicting an obvious economic slowdown.  Additionally, qualitative evidence, such as “expert” commentary and recession related media headlines, means […]

Recency bias is a powerful emotion that leads investors to focus on investing in what is working right now, resulting in the over-allocation to outperforming asset classes and abandonment of […]

The third quarter was another volatile one for credit markets, with yields across the maturity spectrum falling as markets continue to price in a slowing economic environment. On the short […]

Starting in 2011, the first wave of “baby-boomers” – Americans born between 1946 and 1964 – reached retirement age. The term tsunami may be more apropos than wave, however. According […]

In life and in economic cycles, there are key milestones. A key one for the economy was hit August 14, 2019: The 10-year U.S. Treasury yield was less than 2-year […]

Click here to view a PRINT VERSION of this article. Historically, two sectors with consistently slow earnings growth have been utilities and consumer staples.  Over the long-term, these two sectors […]

Click here to view a PRINT VERSION of this article. We have long known that 2019 held the potential to be somewhat of an IPO extravaganza – a year in […]

Click here to view a PRINT VERSION of this article. Picture this: It’s a bright summer day and you decide to take a visit to your local botanical gardens to […]

Click here to download a PRINT VERSION of this article. At the end of March, the benchmark ten-year U.S. Treasury was yielding 2.41%. The second quarter saw yields on the […]

Click here to download a PRINT VERSION of this article. Since 2006, the only inversions investors studied were inversions involving multi-national companies relocating their headquarters and legal residence to countries […]