Investment Perspectives

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Monetary Dilemma For The Fed

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Having tightened to control inflation, the Federal Reserve has to decide what's next.

The Bank Run Of 2023 Could Easily Happen Again

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Regulators have yet to address the system's vulnerability to sudden depositor withdrawals.

Why Stock Market Bears Have Thrown In The Towel

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Belief in a hard landing in the U.S. is over.

Stop Applying My Recession Rule To Individual States

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Rising unemployment rates in places such as California, New York and New Jersey may seem dire but reflect economic strength.

How To Help Mitigate Interest-Rate Risk--Without Sacrificing Income

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Low-duration preferred and hybrid securities offer the potential for multiple benefits within a diversified portfolio.

The Effect Of Personality Differences On Investment Decisions

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Financial advisors can add value by educating investors about their behaviors when designing financial plans.

The Great Rates Descent Will Be Nasty, Brutish And Long

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With peak inflation behind most countries, central banks face the challenge of retreating without tipping into a recession.

Preferred Stocks: Superior Income And Now Growth

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By focusing on credit quality, advisors can keep risk to a minimum.

Market-Fed Alignment Is Welcome, But Not Enough

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The last mile to the 2% inflation target needs to be run with economic well-being firmly in mind.

The Mystery Of U.S. Interest Rates

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Why is the long-term real safe interest rate so far above the neutral level?

The Hunt For Alpha: Six Themes To Watch In Private Markets

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Private markets can provide investors with thousands of unique strategies and uncorrelated assets that add significant value to a portfolio.

The Stock Market Is Running Low On Inspiration

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The Fed is stuck on hold, consumption is cooling, and we can't count on the AI bellwethers to save us anytime soon.

Private Credit Has Had Its 15 Minutes Of Fame

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Direct lending's boom years are behind us. Bankers and private equity titans are pleased.

The Temptation Of Frontier Markets

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As several African countries return to international capital markets, at least two dangers loom on the horizon.

The Fed Will Slow QT. What Matters Is Where It Stops

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The issue of when to slow the pace of quantitative tightening has become more pressing.

Q4 2023 Earnings: The Winter Thaw Has Begun

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Companies are in a good place and continue to see an improving economic picture.

Single-Stock ETFs Are Surging In A Market Known For Diversity

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The emergence of these ETFs has allowed investors new ways to concentrate on a single company.

Look For Munis To Behave Like Bonds Again In 2024

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Municipal bonds can offer tax-exempt income and provide portfolio diversification.

Gold Shines Brighter Than Ever

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The recent rally in gold does not appear to be just another flash in the pan.

How High Will The Stock Market Go In 2024?

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New semi-annual survey predicts the S&P 500 will end the year essentially flat.

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