Commentary

US Banks Look Better than Fed Stress Tests Suggest

The Fed’s recent stress tests raised concern about solvency risks to US banks. But as second-quarter earnings season begins, investors may find that some banks are much more resilient than expected.

Commentary

Mastering the Virtual Practice: 10 Reasons Why Virtual Meetings Are Harder

Virtual meetings are inherently different from face-to-face encounters, largely because they eliminate many of the social obligations that deeply influence interpersonal behaviors. Experience with conducting virtual meetings in a variety of contexts has revealed that they are typically harder to manage than live meetings.

Commentary

Midyear Outlook: Bond Investing in the Era of Low and No Yield

Low yields plus rising defaults seemingly leave little ground for bond investors seeking safety or income—or both. But for investors who remain flexible, those objectives aren’t as distant as many think.

Commentary

Brexit in the Coronavirus Era

Reaching a mutually beneficial Brexit deal has so far been beyond the reach of UK and European Union (EU) negotiators. Now that COVID-19 has struck, can they avoid a damaging split?

Commentary

Lopsided Equity Rally Highlights Growing Market Risks

Global equities rebounded sharply in the second quarter. But new risks are looming as companies and countries count the costs of the pandemic.

Commentary

The Credit Barbell Isn’t Broken. Here's Why.

Even with today’s low yields, credit barbell strategies can still meet their objectives of downside protection, upside participation and efficient income.

Commentary

Record US Index Concentration Adds Hazards for Investors

The five largest US growth stocks now comprise more than a third of the Russell 1000 Growth Index. Investors should be alert to the risks of high benchmark concentration.

Commentary

The One Metric All High-Yield Investors Should Know

One simple statistic can help high-yield investors gauge how their bonds may perform down the road.

Commentary

Unlocking REIT Potential Amid COVID-19

Economic fallout from the coronavirus crisis was especially hard on real estate, mostly from misperceptions that the asset class is dominated by hotels, malls and office parks. But a look inside shows a diverse group of sectors that are more pandemic resilient than investors may think.

Commentary

ESG Research Helps Reveal Resilience amid COVID-19

Companies are coping with diverse challenges through the coronavirus crisis. Investors who integrate environmental, social and governance (ESG) factors into their research can gain important insights on how businesses are adapting—and how future return potential might be affected.

Commentary

Crisis Dashboard: Big Data Helps Paint the Big Picture (Update)

Many investors are looking for emerging signs of a return to normalcy from the coronavirus crisis. While there are many indicators to choose from, we’ve assembled a group of signals, with the help of big data, that may point the way.

Commentary

Rediscovering the Potential of Downtrodden Value Stocks

Value stocks have underperformed in the coronavirus crisis. Yet some higher-quality companies are now trading at valuations that underestimate their ability to withstand shorter-term stress—and their longer-term recovery potential.

Commentary

Coronavirus May Shake Up DC Plan Participant Benefits

The COVID-19 crisis poses a big challenge for employers to rationalize the benefits they offer to employees. With budgets stretched and every dollar scrutinized, tough choices loom on DC plan offerings, in addition to programs like financial wellness.

Commentary

Mastering the Virtual Practice: Why Advisors Will Prefer Virtual Meetings

The new normal—working from home and curtailed travel—is painful for extroverts. Conducting virtual meetings using videoconferencing makes people seem less real, and extroverts crave the physical presence of others. While you may prefer to be face-to-face with your clients, this blog may convince you of the benefits of virtual meetings.

Commentary

Mid-Grade Munis Have Room to Rebound

Municipal bonds—especially higher-quality issues—bounced back after a rough March. But not all munis have rallied. We see potential among overlooked mid-grade issues.