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Parsing Puerto Rico | Bond Market Perspectives | July 21, 2015
Puerto Rico’s debt crisis remains isolated and not symptomatic of the broad municipal bond market. Signs of contagion have not materialized and appear unlikely, although the probability of a default has increased.
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Beige Book: Window On Main Street | Weekly Economic Commentary | July 20, 2015
The latest Beige Book suggests that the U.S. economy is still growing at or above its long-term trend, and that some upward wage pressures continue to emerge.
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Oil’s Long Bottoming Process | July 20, 2015 | Weekly Market Commentary
The additional supply expected from Iran and the slow response by producers to reduce supply may lengthen oil’s stay in the $50-60 range.
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Independent Investor | July 2015
Today many Americans plan for a retirement of up to 20 years, yet in reality, your retirement may last much longer.
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The Future Is Already Here | Bond Market Perspectives | July 14, 2015
Due to still expensive valuations and low yields, we believe the current low-return environment could potentially persist for high-quality bonds for several years.
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Q2 Earnings Preview | July 13, 2015 | Weekly Market Commentary
Q2 earnings season may look a lot like Q1 as companies once again face the twin drags of the energy downturn and strong U.S. dollar.