Key points We have downgraded global stocks. U.S. valuations are elevated and a mid-year Federal Reserve (Fed) rate increase appears more likely. Rising expectations of a June or July Fed rate increase sent U.S. Treasury yields higher last week. We see the odds of a … Read More
We see rising U.S. inflation over the near term, and prefer Treasury Inflation Protected Securities (TIPS) over Treasuries.
The odds of a Federal Reserve (Fed) rate increase this summer rose following the release of hawkish Fed meeting minutes. Future Fed policy will be in the … Read More
Stocks fell last week on concerns about U.S. retailing, commodity-price weakness, credit data in China, and a stronger dollar. The last hurt large-capitalization stocks, costing the Dow Jones Industrial Average 1.2%.
Investors were perplexed when the Commerce Department said Friday that April retail sales had … Read More
Achieving a balanced portfolio
Market followers often refer to “Goldilocks moments” – those periods when market movements are neither too hot nor too cold. This “just right” serving of risk and return is also what many investors aim for in their retirement portfolios.
Seeking … Read More
Is the reflation rally about to deflate?
Since Feb. 11, when the U.S. stock market pulled out of its early 2016 tailspin, the Standard & Poor’s 500 index has rebounded by some 14%, leaving it up about 1% for the first four months of the … Read More