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Leland Abrams, Portfolio Manager

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Leland Abrams serves as Chief Investment Officer for the investment manager, Wynkoop LLC. Leland is Lead Portfolio Manager of an NARMBS income-oriented fund at Catalyst Funds. Prior to joining Wynkoop in September 2016 as Principal and Portfolio Manager, Mr. Abrams spent five and a half years at Candlewood Investment Group LP. Most recently, he was the RMBS Sector Manager responsible for overseeing approximately $1 billion in RMBS investments across the firm. Previously, Mr. Abrams spent two and a half years as a non-agency mortgage and esoteric ABS trader and credit analyst at United Capital Markets, Inc. Prior to that, Mr. Abrams was a Credit Analyst and Trader at Dresdner Bank, AG (Dresdner Kleinwort Wasserstein). Mr. Abrams holds a B.A. in Economics from Bucknell University. Mr. Abrams served as a Director and member of the Audit Committee for Front Yard Residential Corp, a public REIT headquartered in Christiansted, VI until the company’s sale in January 2021.
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  • 1 min

Analysis: The End of Fed Hikes? And When Markets Are Pricing in the First Cut of 2024

When looking at the markets on the day of the October CPI release (Nov. 14) vs. later in the week (Nov. 16), you’ll notice there’s been a big shift in thinking, with ZERO additional rate hikes priced in from the Federal Reserve, signaling their fight against inflation may be coming to an end. A June rate cut has actually been priced in, and there are signs that it’s inching even earlier.
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  • 2 min

Analysis: July PCE/ECI Data Points to Goldilocks Economy

Today's much anticipated release of economic data including the Employment Cost Index (ECI) and the Fed's preferred inflation measure, the Personal Consumption Expenditure (PCE) all painted the picture of a goldilocks scenario.  Inflation is abating, wages and labor market conditions are cooling, while the economy continues to grow, and spending remains resilient.
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  • 2 min

“Talk is Cheap” – What the Fed’s Decision to Pause Interest Rate Hikes Could Mean for Investors

The FOMC left the benchmark federal funds rate unchanged this week at 5-5.25%. However, the summary of economic projections (SEP) dot plot indicated two more 25 bp rate hikes this year and higher rates in 2024 and 2025. The FOMC statement was decidedly hawkish as was the press conference.
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