Wall Street columns

The Unintended Consequences of Momentum Stocks’ Recent Breakdown

Can momentum stocks increase investors’ exposure to interest-rate volatility? Short answer: Yes

Calculator with Spreadsheet

Cov-lite loans are an easy, unfair scapegoat in a complex late-cycle market

Recent media reports vilifying the borrower-friendly, covenant-lite structures oversimplify current market complexities.

Markets electronic board

Red is the New Black in IPOs (again)

IPOs issued by companies with negative earnings have reached all-time highs.

Sell in May and… Stay tuned

June 17, 2019

As Momentum expands, Growth’s exposure increases. Navigating this risk requires investors to assess their full exposure to Momentum.

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CLO Hysteria: Fact versus Fiction

March 20, 2019

Ten years have passed since the financial crisis and many pundits are using this arbitrary anniversary to prognosticate the next great financial calamity. This week, CLOs take their turn in the spotlight.

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