Investment Outlook

Stock Market in Newspaper

Magnanimous Policy Makers and Less Bad News Drive Stocks Higher

June 26, 2020

Despite our expectations for a dreadful drop in 2Q20 output, we believe a recovery will commence in 3Q20 and lead to a meaningful acceleration beginning in 2021

Crystal Ball

Keep Calm and Watch the Fed

June 17, 2020

Massive intervention helped corporate credit stage a recovery in April/May—with summer approaching the Fed turns its attention to the securitized credit markets

Tall Buildings with American Flag and Blue Sky

Markets Optimistic about the Future as Economic Pain Deepens

May 26, 2020

We are still overweight U.S. large caps, believing winners will win until a broad-based economic recovery takes hold. Our preference for investment grade U.S. bonds remains; also, we now see opportunities among high yield bonds.

Keep Calm and Watch the Fed

June 17, 2020

Massive intervention helped corporate credit stage a recovery in April and May—with summer approaching the Fed turns its attention to the securitized credit markets.

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All Eyes on the Consumer

May 11, 2020

While there are many parallels to draw between the current crisis and 2008, the fundamental economic backdrop that preceded COVID-19 was starkly different than the economic environment that preceded the 2008 crisis.

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