What Really Happens When the Fed Stops Tightening?
A sobering look at historical trends.
US
Relative Valuations: Less Than Meets the Eye
Despite a near six-year run by small-cap and value stocks, the relative opportunity in large cap and growth is somewhat limited.
U.S. Bonds: Navigating the Shifting Structure of the FI Marketplace
Product innovation brings new opportunities, but also can significantly alter key performance drivers.
U.S. Equities: Are Things Really Different This Time?
While the recent resilience of the U.S. economy and financial markets has been impressive, valuations remain stretched.
U.S. REITs – Expensive, but Still Worthwhile
REITs offer strategic benefits but limit your exposure in the current environment.
The Appeal of Quality
Investors would be well served to tilt their portfolios toward high-quality assets.
Are Earnings Running Out of Gas?
The risks to U.S. corporate profits are underappreciated.
New Equity Indices Are Quite Stylish
New style indices have significantly improved the choices available to style-conscious investors and managers.
Why Are Interest Rates so Low? Exploring the Conundrum
Yield curve movements since June 2004 have shown how difficult it is to forecast—let alone explain—the twists and turns of interest rates.
How to be Bullish
While a continued rally is not our base scenario, a plausible argument can be made that U.S. equities are attractively priced and thus poised to move higher.