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Income Report Card | July 17, 2017

Posted on July 17, 2017

The 10-year treasury yield closed at 2.35%, down 0.04% from last week. However, this is a reprieve from what was a sharp rise last week. The rise in yields was accompanied by positive stock performance as it appears many investors may have put their fears of various global and political issues behind. This yield is […]

Correlation | July 6, 2017

Posted on July 6, 2017

Our Observations: Short-term correlations are still below long-term averages in many asset classes. We think this may provide fertile ground for alpha among single securities and could be a good environment for building a well-diversified portfolio. We see the this as likely driven by the pause in policy expectations, which could be reignited if Congress […]

Correlation | June 14, 2017

Posted on June 14, 2017

Our Observations: Correlations continue to increase in most asset classes, diminishing the diversification benefit of a cross-asset class portfolio. We think much of this can be attributed to the push and pull of fiscal and monetary policies and the related impacts on currency, rates and economic growth. This is a change from the prior several […]