Investment Strategy Insights

Knowledge vs. experience. When it comes to investing, such is what separates long-term success from failure.

Stocks marched higher during the past three months, marking the fifth consecutive quarterly advance since the pandemic-induced crash last year. Value stocks continued their upward momentum but did give up some of their gains relative to growth stocks in June.

Bond yields are sending an economic warning as this past week 10-year Treasury yields dropped back to 1.3%. With the simultaneous surge in the dollar, there is rising evidence the economic “reflation” trade is getting unwound.

“Warnings From Behind The Curtain” almost sounds like the title of a good “Cold War” fiction novel. However, this time, the story is of warnings for investors not often discussed by the mainstream media.

“Warnings From Behind The Curtain” almost sounds like the title of a good “Cold War” fiction novel. However, this time, the story is of warnings for investors not often discussed by the mainstream media.

Debates​​ continue to run​​ rampant​​ during the last six months of the​​ London Interbank Offered Rate (LIBOR)​​ benchmark. Some think​​ the Secured Overnight Financing Rate (SOFR) benchmark​​ is the perfect unitary solution.​​ Meanwhile, others believe that a multi-benchmark environment is best. As a result, uncertainty, confusion, and opinions have started to muddle the path of​​ “Life after the LIBOR”.

Debates​​ continue to run​​ rampant​​ during the last six months of the​​ London Interbank Offered Rate (LIBOR)​​ benchmark. Some think​​ the Secured Overnight Financing Rate (SOFR) benchmark​​ is the perfect unitary solution.​​ Meanwhile, others believe that a multi-benchmark environment is best. As a result, uncertainty, confusion, and opinions have started to muddle the path of​​ “Life after the LIBOR”.

What is duration? It is a risk by definition. The risk that the value of a fixed rate bond will decline or rise as a result of a change in interest rates.