Bulletin: Brexit Risk Indicators – One Week Later
In this piece, CIO Jonathan Lewis discusses the economic response to Britain’s decision to leave the European Union. Bulletin Highlights: Although risk indicators rose following the Brexit vote, they did not rise to levels with either crisis or more sustained market correction. If volatility markers remain stable or begin to fall, we will increasingly expect […]
Bulletin: Crisis or Opportunity?
In this piece, CIO Jonathan Lewis and Senior Vice President of Quantitative Strategies, Iraj Kani discuss whether the possibility of Britain leaving the European Union (Brexit), lackluster macroeconomic data and central bank policy responses provide a risk-on opportunity. Bulletin Highlights: Although we believe the trends in intermarket relationships highlight fears for the global economy ahead, […]
Bulletin: Federal Open Market Committee Minutes
Please click here to read the analysis by Jonathan Lewis on yesterday’s FOMC minutes, the market’s reaction, and potential buying opportunities.
Tax Efficient Fixed Income Market Commentary: 1st Quarter 2016
This commentary reviews the previous quarter and discusses our outlook and investment approach for the coming months. Commentary Highlights: Despite slow and steady growth throughout 2015, the first quarter of 2016 opened with volatility spurred by concerns about weakening global growth eventually pervading domestic markets. Given municipals’ continued richness despite market volatility and widening spreads […]
High Grade Review and Outlook: 1st Quarter 2016
This commentary reviews the previous quarter and discusses our outlook and investment approach for the next quarter for our high quality taxable fixed income strategies for endowments, foundations and other non-taxable entities. Commentary Highlights: Although 2016 opened to a confluence of market concerns over slumping energy prices, defaulting energy loans, and decelerating Chinese growth, we […]
In this piece, CIO Jonathan Lewis and Senior Vice President of Quantitative Strategies, Iraj Kani discuss the impact of FX volatility and the US dollar rally. Bulletin Highlights: Currency markets have recently been a major source of market instability globally, as evidenced by the ripple effects of China’s surprise devaluation of its currency. As a […]