This week we present our Portfolio Allocation Summary for January 2023.

This week we present our Portfolio Allocation Summary for December 2022.

This week we present our Portfolio Allocation Summary for November 2022.

This week we present our Portfolio Allocation Summary for October 2022.

Highlights Chart 1A Hot Labor Market  The balance of data that’s come out during the past month points to a labor market that is not cooling very quickly. In fact, it is cooling much more slowly than we anticipated.…

Special Report

Dear Client, This week, the US Bond Strategy service is hosting its Quarterly Webcast (August 16 at 10:00 AM EDT, 15:00 PM BST, 16:00 PM CEST). In addition, we are sending this Quarterly Chartpack that provides a recap of our key…

Highlights Chart 1Are Expectations Too Dovish? ​​​ The bond market is now priced for the fed funds rate to peak at 3.44% in January and then head back down to 2.79% by the end of 2023 (Chart 1). We strongly push back against…

Highlights Chart 1Are Expectations Too Dovish?  The dominant market narrative has clearly shifted in the last few days. The primary concern among investors used to be that the Fed had fallen behind the curve on inflation. Now…

Highlights Chart 1Wage Growth Is Cooling  In a speech last week, Fed Governor Christopher Waller presented the theoretical underpinnings for how the Fed plans to achieve a soft landing for the US economy.1 The Fed’s hope…

Special Report

Dear Client, This week, the US Bond Strategy service is hosting its Quarterly Webcast (May 17 at 9:00 AM EDT, 14:00 PM BST, 15:00 PM CEST and May 18 at 9:00 HKT, 11:00 AEST). In addition, we are sending this Quarterly Chartpack that…