Explore our thinking about today's financial markets
Most recent post
The Fed walks a line between inflation and financial stability
March 22, 2023 | Fixed income
Given the fragilities in financial markets, the Fed will likely move cautiously in monetary tightening to fight inflation.
Capital Markets Outlook

Slow your (pay)roll
January 12, 2023 | Capital Markets Outlook
We believe markets expect inflation to decline sooner than it will, and that there is limited upside for stocks.
Fixed Income Outlook

Recession on the far horizon
February 9, 2023 | Fixed Income Outlook
The rapid interest-rate tightening in 2022 has not hit the real economy yet.
Equity Insights

We believe BDCs are built to deliver dividends in a recession
March 14, 2023 | Equity Insights
We believe stocks of business development companies have evolved to better withstand a recession, and their dividends can remain at highly attractive levels.

U.S.–China war of words playbook
The politics of the U.S.–China relationship have clearly become more complicated recently. The war of words over China’s handling of the coronavirus outbreak and the proposed new Hong Kong security law has the potential to create headwinds for the global economy and financial markets.
The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.