Welcome Kendall Katskee
We are thrilled to announce the addition of Kendall Katskee as part of our growing Business Excellence team. Kendall will be instrumental in supporting the management of our day-to-day accounting processes, preparing and analyzing financial reports to support our ongoing business decisions, and collaborating with the teams to streamline our financial operations.
The Fed Still Matters… Even for High Yield
With interest rates and the Fed being top of mind for investors over the past 4 years, it’s no surprise that fixed income markets are exhibiting historically high correlations to interest rates. That said, when we take a closer look at High Yield (HY) credit, the magnitude of the correlation, especially within a historical context, […]
The Tariff is Back in Town
President Trump’s inauguration on January 20th came with a flurry of executive orders, targeting a wide range of issues from immigration to energy policy. Despite an extremely active first day in office, there was a notable lack of action around tariff policies that were heavily emphasized on the campaign trail. Global markets were reminded that […]
2024 Reflections
As the year draws to a close, I find great value in pausing to reflect on the past twelve months. Each year, I encourage my team to take a moment to do the same—reflecting on lessons learned, professional milestones, personal growth, sources of inspiration, or a mix of all these. These reflections not only allow us to appreciate our journeys but also serve as an opportunity to better understand one another.
Post-Election: Growth, Inflation, and Caution in 2025
With the long-awaited and highly consequential U.S election finally coming to a resolution, markets quickly shifted focus to the anticipated implications of a second Trump presidency alongside a Republican sweep of both houses of Congress. Key policy changes related to tariffs, immigration, corporate taxes, and deficit spending were quickly extrapolated for the expected impact on the economy and subsequent Fed reaction.
Post-Election Fixed Income Sector View
The election has passed, and markets are now assessing the implications of the red wave political shift. A pro-growth agenda (spearheaded by tax cuts), a pro-business agenda, and pro-growth policies, comes at a time when corporate profitability is strong and the consumer is very resilient. Despite the expected natural slowing effects of higher interest rates, this agenda is expected to support economic momentum as well as trigger adjustments in inflation expectations. We should not forget that headwinds such as geopolitical tensions in Ukraine and the Middle East, ongoing social polarization and dysfunction, and the potential for policy missteps could bring increased market volatility.
A Milestone of Success
A Milestone of Success Thank You for Your Trust and Partnership Dear Friends, We are writing to share some exciting news and to express our sincere gratitude for your continued trust and partnership. With our sub-advisory partnership with ALPS Advisors, the ALPS | Smith Core Plus Bond ETF, launched this past December, has […]
Market Update – Riding Into Year-End
As we enter the final months of 2024, we would like to take this opportunity to share our perspective on the evolving economic and geopolitical landscape, along with our insights on various market segments. We continue to navigate a period of heightened uncertainty as the economy undergoes the post-COVID normalization process. Policymakers and politicians are encountering new challenges during this transition.
Charts That Caught Our Attention: Credit in Focus
Is Walmart equity performance sending a recession signal that corporate spreads are not picking up?
Welcome Carys Murphy
As we continue to grow and position ourselves for the future, we’re thrilled to welcome Carys Murphy to our team. Carys comes to us from Charles Schwab, where she was instrumental in driving their growth initiatives and integration strategies, including the landmark $26 billion acquisition of TD Ameritrade.
