Featured Insights


Chart of the Week

CASH: PLENTY OF DRY POWDER

Chart courtesy of ClearBridge Investments. * Institutional & Retail Money Funds – ICI. ** MSCI U.S. IMI Index. Data as of July 3, 2020. Source: FactSet. 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

Cash: Plenty of dry powder

Chart of the Week

Market Snapshot

Oil Shock: The Energy Sector and Beyond

The collapse in oil prices has added to market dislocations and uncertainty associated with the coronavirus pandemic.


Featured Insights

Market Outlook
Sep 22
Market Outlook

Munis: New Tax Hikes

September 22, 2020

New Jersey's new tax measures and expected debt issuance are affecting the outlook for its bond ratings.

Investment Insights
Sep 16
Investment Insights

The Fed: Unanswered Questions

September 16, 2020

Unanswered questions about future asset purchases could potentially undermine confidence in the Fed’s commitment.

Investment Insights
Sep 07
Investment Insights

The Push for Sustainable Infrastructure

September 07, 2020

Public policy support for infrastructure to help stimulate the economy should now reflect concerns about climate change, too.

Market Outlook
Sep 04
Market Outlook

COVID-19's Impact on Inflation

September 04, 2020

Despite upward price pressures in certain industries, on balance there's doesn't appear to be sustained inflation dynamic at work.

Investment Insights
Sep 01
Investment Insights

Corporate Credit: Turning to Cyclicals

September 01, 2020

While we see further opportunities in cyclicals, the strength of an upturn in these sectors remains highly uncertain.

Market Outlook
Sep 01
Market Outlook

Recovery Indicators Update

Rebound Gaining Steam

September 01, 2020

Improvement in Housing Starts and Credit Spreads data confirms our view that a durable market and economic bottom has formed.

Market Outlook
Aug 31
Market Outlook

Planning for a K-Shaped Recovery

August 31, 2020

Will we see a U-, V- or W-shaped path to recovery? A K-shape -- with two paths rather than one -- may be a more useful model.

Market Outlook
Aug 27
Market Outlook

The New Normal

The Office: Not Dead Yet

August 27, 2020

The pandemic has created short-term demand challenges for office properties, but we are skeptical that working from home will severely impact office usage long-term.

Investment Insights
Aug 26
Investment Insights

U.S. Economy

Durables Manufacturing: Signs of Recovery

August 26, 2020

Total durables orders jumped a whopping 11.2% in July, with a large 1.1% upward revision to the June estimate.

Market Outlook
Aug 26
Market Outlook

Market commentary

Glimmers of Optimism

August 26, 2020

We are encouraged by optimism on both the medical and economic fronts. But while recent events are promising, we believe the road ahead will be a long one.

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