Market volatility returned in October. The S&P 500 moved up or down by more than 1% in a single day on ten occasions last month ��� two more times than in the whole of 2017.
Mario Draghi reacted to the increased economic risks to the economic outlook with a bold package of monetary easing measures.
The food fight between the President and the Fed Chair could result in too much easing, and the expansion of valuations beyond sustainable levels. The other food fight: leveraged loan issuers vs buyers. Issuers are winning this fight hands down due.
As one central bank after the other announces cuts to interest rates, we continue to believe that buying duration will be worthwhile for investors, even with yields close to record lows.
A relatively benign G20 summit and expectations for easier financial conditions ahead have boosted demand for emerging market debt. However, areas of value can still be found.
A case for private core infrastructure
THE INVESTMENT OUTLOOK FOR 2019: MID-YEAR UPDATE
The path of the U.S. dollar: Looking forward by looking back