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.
Soaring mortgage rates have massively reduced prepayment risk, creating one of the most compelling entry points for GNMA bonds in more than 20 years.
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.
US stock markets and bond prices headed lower this week, following mixed economic and inflation readings and concern the Fed may be less dovish than expected.
US stock markets and bond prices rallied this week, responding to Fed chair Powell’s hint of smaller rate cuts ahead.
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.
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.
The major US indexes closed September in the red, posting losses for the week, month, quarter and year to date. The S&P 500 index booked a new YTD low as investors fretted about earnings, interest rates and global economic growth.