Commentary

SPACs: What Are They, and Are They a Risk to the Market?

Special purpose acquisition companies (SPACs)—also known as blank-check companies—have gained immense popularity among investors since the beginning of 2020, despite being around for decades.

Commentary

Boom Boom Pow: Have Stocks Already Priced in Economic Boom?

Economic and earnings data are in boom territory, with more momentum likely near-term.

Commentary

Rising Inflation: What It Means for TIPS and Other Investments

Inflation is likely to rise in 2021—but will the rise be sustained? That seems to be the million-dollar question lately.

Commentary

4 Tips for Handling a Potential Capital Gains Tax Change

This week’s unveiling of the American Families Plan, the latest proposal from the White House, makes it clear that President Joe Biden is serious about pursuing some of the individual tax increases he called for during the 2020 campaign.

Commentary

What’s Working? Two Ideas For Investors

In recent months, two investment themes have been rewarding investors with outperformance: defense sector companies and those participating in share buybacks.

Commentary

Pump it Up: Earnings Season Starts Off Strong

Although it’s early in the first quarter earnings reporting season, it’s worth a look at the progress so far and the implications for the rest of the season, as well as valuations.

Commentary

The Next Bubble?

Hundreds of years of history shows us that investment bubbles have been a regularly occurring feature of the financial markets.

Commentary

Rising Rates: When to Consider Floating-Rate Notes

Floating-rate notes can help lower a portfolio’s sensitivity to interest rate changes, but they aren’t necessarily the secret weapon to combat a rising-rate environment.

Commentary

Hit Me With Your Best Shot: Speculative Trades Take a Breather

As Shakespeare might put it, “full of sound and fury, signifying nothing” is perhaps an apt way to describe the character of the market so far this year.

Commentary

Stimulus Payback: 2023

Policymakers in major economies have pointed to 2023 as the date the stimulus payback may begin.

Commentary

Quarterly Market Outlook: Different Speeds

Commentary

It's What You Value … and Where You Find It

I am often asked by investors why we do not have formal tactical views on growth vs. value like we do on large caps vs. small caps.

Commentary

Will the U.S. Dollar Lose its Reserve Status?

We are often asked if the U.S. dollar will lose its status as the world’s reserve currency.

Commentary

Bull? Bear? How about a “Bunny” market?

This probably isn’t the start of a bear market, but it may feel like less a bull market compared with last year’s charge.

Commentary

Moving, With Bottlenecks

U.S. economic growth is accelerating as vaccinations rise and social-distancing measures ease, but hopes for a long-lasting spending boom may hit a couple of speed bumps. Vaccine rollouts in major countries are proceeding at different speeds, but stock market performance contradicts what vaccination data would seem to imply for investors. Meanwhile, inflation-adjusted longer-term Treasury yields have risen as investors anticipate stronger economic growth.