Investment Strategy

MARKETS & INVESTING April 14, 2023   Review the latest Weekly Headings by CIO Larry Adam. Key Takeaways Mild recession expected in second half of 2023 10-year Treasury yields are headed lower Equity markets perform well after the Fed’s final rate hike Start me up! This iconic Rolling Stones song keeps racing through our minds […]

MARKETS & INVESTING April 14, 2023   Review the latest portfolio strategy commentary from Mike Gibbs. The S&P 500 has remained resilient in the face of growing economic concerns. The primary catalyst for the strength is declining Federal Reserve (Fed) expectations and lower bond yields in our view. Wednesday’s Federal Open Market Committee (FOMC) Minutes supported […]

MARKETS & INVESTING April 12, 2023   Senior Investment Strategist Tracey Manzi looks at the factors that are contributing to the current impasse. To read the full article, see the Investment Strategy Quarterly publication linked below. Key takeaways: The U.S. government has hit its statutory borrowing limit. The debt limit is not about new spending, […]

MARKETS & INVESTING April 10, 2023   Doug Drabik discusses fixed income market conditions and offers insight for bond investors. As recently as one month ago (March 9), the Fed Funds Future implied rate for the upcoming FOMC meeting on March 22 was 4.963% (leaning toward a 50 basis point (bp) hike) and 5.515% for […]