“The renewed downturn in stock prices feels like déjà vu all over again. Just when it appeared the August lows were the bottom and a rebound had begun, stocks retested the recent low on Monday, September 28.”
Month: September 2015
Portfolio Compass | September 30, 2015
“Upgraded REITs from negative/neutral to neutral.”
“Agonizing Over Liquidity” | Bond Market Perspectives | September 29, 2015
“The challenges produced by bouts of illiquidity have always been a characteristic of the bond market and are not going to fade away.”
“It Ain’t Over ‘Til It’s Over” | September 28, 2015 | Weekly Market Commentary
“We look to Yogi Berra’s Yogi-isms to remind us that this bull market ain’t over ‘til it’s over.”
“Short-Term Gain, Long-Term Pain” | Weekly Economic Commentary | September 21, 2015
“Despite the potential of a government shutdown this week, our view remains that Congress will agree on legislation to fund the federal government beyond September 30.”
“Lower For Even Longer” | Bond Market Perspectives | September 22, 2015
“The Fed’s “lower for even longer” message should provide support to high-quality bonds but does not alleviate the low-return environment.”
“Fed Implications” | September 21, 2015 | Weekly Market Commentary
“Although Fed stimulus and low interest rates have played a role in fueling the current bull market, earnings growth has been a far bigger factor.”
“Yes, and No” | Weekly Economic Commentary | September 21, 2015
“In addition to inflation data, the Fed may be looking back at historical effects of Fed tightening during international turmoil.”
Portfolio Compass | September 16, 2015
“No changes.”
“Fed: Kick Off or Punt?” | Bond Market Perspectives | September 15, 2015
“The outcome of this week’s Fed meeting is unlikely to materially alter the total return environment for fixed income investors.”
