Municipal Check-In | Bond Market Perspectives | May 29, 2018

KEY TAKEAWAYS Municipal bonds have outperformed broad high-quality fixed income since early 2017. Credit quality trends remain positive and defaults remain low as the market adjusts to lower supply post-tax plan. Valuations relative to Treasuries are quite elevated as...

Fed Minutes Wrap-Up | Weekly Economic Commentary | May 29, 2018

KEY TAKEAWAYS The Fed minutes’ emphasis on a symmetric inflation target reassured markets that the pace of rate hikes would remain gradual. At the same time, the Fed’s economic assessment stayed generally upbeat. The minutes all but committed the Fed to a rate hike in...

Big Things Come In Small Packages

What a year 2018 has been for small caps. With the Russell 2000 Index up about 6% year to date versus the S&P 500 Index up only 2%, it has been quite the year so far for small companies. Tax reform is the big tailwind for the group, but the strength really didn’t...

Market Update | May 29, 2018

Macro View Daily Insights Italian Political Turmoil Pushing Italian Yields Higher, But Not Signaling Broader Crisis. Italian yields have spiked in recent days, moving from 0.46% on Friday May 25, to 2.2% currently. Adding additional context, two weeks ago today on May...