Featured Insights


Chart of the Week

STOCKS: HOMEOWNER PRUDENCE AND FUTURE CONSUMPTION

Source: Bloomberg, September 6, 2018. Past performance is no guarantee of future results. Indexes are unmanaged, and not available for direct investment. Index returns do not include fees or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.

Market Snapshot

U.S. Jobs: Good News. vs. Market News

The August jobs report came in with strong headline figures, spooking bond markets already nervous about other signs of growth; Eurozone growth had a solid summer; Argentina and Turkey followed their own paths toward recovery


Featured Insights

Market Outlook
Sep 19
Market Outlook

Mid Week Bond Update

U.S. Data: Higher Than Expected

September 19, 2018

U.S. economic momentum is a more tangible reality for markets this week than trade war with China; German bunds continue to flirt with zero, but maybe for not long; Turkey takes effective but unpalatable medicine on interest rates.

Investment Insights
Sep 17
Investment Insights

Around the Curve

The Deal on the Dollar: Divergence

September 17, 2018

The story behind the forces driving the dollar to its current levels -- and what could happen next.

Market Snapshot
Sep 14
Market Snapshot

U.S. Inflation: A Step Slower

September 14, 2018

U.S. inflation took a brief breather in August; the ECB added some encouraging words to its unchanged stance; Russia's central bank made a normal, if unexpected, rate hike to stave off future inflation.

Market Outlook
Sep 12
Market Outlook

Mid Week Bond Update

Emerging Markets: Buying Fear

September 12, 2018

Emerging market bonds and Italian government debt bounced back from market lows; 10 years after the financial crisis, the market for residential mortgage backed securities looks very different.

Market Snapshot
Sep 07
Market Snapshot

U.S. Jobs: Good News. vs. Market News

September 07, 2018

The August jobs report came in with strong headline figures, spooking bond markets already nervous about other signs of growth; Eurozone growth had a solid summer; Argentina and Turkey followed their own paths toward recovery

Investment Insights
Sep 07
Investment Insights

Navigating Emerging Markets

Mexico's New Deal

September 07, 2018

Only a few months ago, NAFTA (the North American Free Trade Agreement) looked dead in the water. The US seemed hell-bent on walking away from the 24-year-old deal, while Canada and Mexico were unwilling to concede any ground.

Investment Insights
Sep 05
Investment Insights

Around the Curve

Emerging Markets: The Never Ending Story

September 05, 2018

In a market where contagion fears can run wild, it is important to revisit the thesis that not all emerging markets are lemons.

Market Outlook
Sep 05
Market Outlook

Mid Week Bond Update

The Dollar: How High is Up?

September 05, 2018

The greenback's move is best understood in the context of the past five years; some troubled EM countries are taking positive steps; Italy's leadership appears to have committed to meeting EU budget guidelines.

Market Snapshot
Aug 31
Market Snapshot

EM Duel: Argentina and Turkey

August 31, 2018

The countries with the two worst-performing currencies in 2018 are taking very different paths to resolving their challenges; Italy added a second budget conflict to its agenda.

Investment Insights
Aug 29
Investment Insights

Around the Curve

Developed, Emerging Yields: Different Apples

August 29, 2018

Explaining current valuations, thematic factors, our point of view, and some of the risks. Part 2 of 2

Market Outlook
Aug 29
Market Outlook

Mid Week Bond Update

Fixed Income Headlines: Italy's Turn

August 29, 2018

Attention now returns to Italy, where coalition politics and the upcoming budget negotiations intersect with EU realities.

Investment Insights
Aug 28
Investment Insights

Around the Curve

U.K. Pre-Brexit: Solid. Three Scenarios

August 28, 2018

“Brexitville” has been busy lately. Before discussing the state of play, here's a look at the U.K. economy, which continues to display remarkable resilience despite the uncertainty.

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