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Five Things to Know About Preferred Securities
Posted by Lawrence Gillum, CFA, Fixed Income Strategist Tuesday, August 30, 2022 Like most financial markets, preferred securities have generated negative returns so far this year, however the value proposition remains. Preferreds offer generous yields, both absolute and after-tax, with their high income stream serving as a total return buffer against future spread volatility. “Preferred securities […]
August 30, 2022
Inflation is Easing But Not Enough
Posted by Jeffrey J. Roach, PhD, Chief Economist Tuesday, September 13, 2022 Inflation Cools But Not Enough The August Consumer Price Index (CPI) rose 8.3% year-over-year (YoY) from 8.5% in July. Excluding food and energy, the core CPI rose 6.3% (YoY), accelerating from last month. Inflation pressures continue to ease in a few categories such as […]
September 13, 2022
Worst Day For Stocks Since June 2020 But What Happens Next?
Posted by David Matzko Wednesday, September 14, 2022 Tuesday (September 13th) turned out to be a very bad day for global stocks, as a hotter than expected US inflation report spooked market participants. The CPI report pushed back on some of the peak inflation narratives and all but confirmed that the Federal Reserve (Fed) will hike […]
September 14, 2022
Inflation Is High But Inflation Expectations Are Still Anchored… For Now.
Posted by Lawrence Gillum, CFA, Fixed Income Strategist Thursday, September 15, 2022 Tuesday’s Consumer Price Index (CPI) release surprised to the upside with core inflation remaining stubbornly high. (For more details on Tuesday’s release, please see our blog post here.) Moreover, the breadth of inflationary pressures broadened in August so alternative measures of inflation that, for example, […]
September 15, 2022
Style Factor Check-in: Growth vs. Value
Posted by Tom Shipp, CFA, Sr. Equity Analyst Friday, September 16, 2022 As the focus for US equities continues to be on the macro environment, and how hawkish the Fed will act to tame inflation, we think it’s a useful time to check in on the year-to-date style performance of value and growth, from a quantitative […]
September 16, 2022
Fed Gets Pessimistic, Yet Realistic
Posted by Jeffrey J. Roach, PhD, Chief Economist Thursday, September 22, 2022 A Bit More Pessimistic, A Lot More Realistic The Federal Open Market Committee (FOMC) increased the target rate by 75 basis points (bp) to a 3.25% upper bound and delivered a more pessimistic outlook in their published Summary of Economic Projections. The Committee hiked rates […]
September 22, 2022