For all the gloomy talk about the economy in 2023, stabilizing interest rates could be a bright spot for investors.
Eyes remain firmly on the Federal Reserve, which has engineered a landscape of materially higher real and nominal rates.
The repercussions of US midterm elections will be felt over the coming months and years, not days. The key is how the results are transmitted to the economy, chiefly through monetary and fiscal policy.
Weak global growth for the year ahead appears almost certain. The outlook for capital markets is anything but.
For all the gloomy talk about the economy in 2023, stabilizing interest rates could be a bright spot for investors. But with imbalances lurking in the shadows, 2023 could be the year for higher-quality bonds, select large- and small-cap stocks, and private-market investments.
Eyes remain firmly on the Federal Reserve, which has engineered a landscape of materially higher real and nominal rates.
The repercussions of US midterm elections will be felt over the coming months and years, not days. The key is how the results are transmitted to the economy, chiefly through monetary and fiscal policy.
In 3Q22, US CLO tranches exhibited mixed returns with the investment grade (IG) part of the stack faring better than the mezzanine (mezz) part.
With many aspects of the US economy in decent shape, we believe spread widening in a recession is likely to be limited. Still, investors no longer need to overreach on risk.
US markets have not taken kindly to the Fed’s renewed course of monetary tightening, but the effects of the Fed’s actions are stretching far beyond US shores.
After a stormy period of rising rates, insurance companies have a real opportunity to increase portfolio book yield or future carry.
We expect inflation to ease despite a surprisingly high CPI reading for August, allowing the Federal Reserve to temper its aggressive pace of rate increases.
Target date funds (TDFs) have traditionally consisted of either actively or passively managed portfolios. But in recent years, TDFs that blend both styles have grown in popularity, offering many benefits.