KEY TAKEAWAYS The spread between the three-month LIBOR and OIS rates has widened considerably. Technical factors appear to be driving the rise in rates, though it warrants ongoing monitoring to ensure it does not become a fundamental concern. We believe the spread may...
THE STOCK MARKET’S FINAL FOUR FACTORS The NCAA Men’s Tournament Final Four is set. Kansas, Loyola, Michigan, and Villanova are headed to San Antonio, Texas to determine this year’s college basketball national champion. In that spirit, following our...
KEY TAKEAWAYS Based on our analysis, the Beige Book continues to deliver a positive view of the U.S. economy. The Beige Book Barometer continued its recent move higher, rising to +68 in March. Weather and tax reform were popular topics, and trade started to show up as...
The first quarter of 2018 is wrapping up, and it’s time to spring forward and look ahead to what we could expect in the coming months. After a large market drop kicking off the month of February, March has been relatively calm for stocks so far. The biggest event of...
KEY TAKEAWAYS Short-term high-quality bond yields have continued to increase since the lows seen in July 2016, and have moved sharply higher since September 2017. We still prefer intermediate bonds for overall fixed income allocations, but with interest rates on the...
