Charting our Focus

   

How Long Has the Fed “Paused at the Peak” Historically?

November 2022 | After reaching interest rate peaks, the US Federal Reserve has historically waited only a short time before beginning to lower rates. Furthermore, major sectors of US fixed income markets generated positive total returns averaging 8% in the one-year periods following the Fed’s no action periods.

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Source: Bloomberg through 11/4/2022.  Please see Terms and Indices on chart page for more information. Data based on past performance, which is no guarantee of future results.

How have Stocks Performed after Midterm Elections of the Past?

October 2022 | Since 1930, S&P 500 Index returns after midterm elections have, on average, been positive. But the prospect of a recession in 2023 may lead to a change this year, making active management especially important. 

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Left Chart Source: United States House Of Representatives, and Bloomberg as of 9/30/22. Right Chart Source: Strategas.  Please see Terms and Indices on chart page for more information. Data based on past performance, which is no guarantee of future results.

CAT Bonds and ILS for Diversification* and Low Correlation

September 2022 | Catastrophe bonds, a type of insurance-linked security (ILS), are outcome-oriented investments whose performance is linked to non-financial events, such as earthquakes and hurricanes. Learn more about why their lack of correlation** with traditional investments can make catastrophe bonds a strategic addition to portfolios during volatile times.

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Source: Morningstar.  Data based on past performance, which is no guarantee of future results.  Please see Terms and Indices on chart page for more information. *Diversification does not assure a profit or protect against loss. **Correlation - The degree to which assets or asset class prices have moved in relation to one another.Correlation ranges from -1 (always moving in opposite directions) through 0 (absolutely independent) to 1 (always moving together).

Finding Income Requires Experience and Flexibility

August 2022 | A flexible approach to income opportunities is especially important during periods of rapid changes in interest rates.  What strategies can investors use to go beneath the surface to seek additional sources of income? 

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Source: Bloomberg, Bank of America, and Amundi US as of July 29, 2022.  Data based on past performance, which is no guarantee of future results.  Please see Terms and Indices on chart page for more information.

After the Largest Municipal Bond Selloff in 25 Years, Lower Prices Offer Investors a Potentially Attractive Entry Point

July 2022 | Municipal bonds, which offer tax-free income and low historical default rates, can be a valuable addition to portfolios during times of rising inflation.  What strategic role can these investments play, and what can we learn from current yield ratios?

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Bloomberg Municipal Bond Index. Source: Bloomberg as of dates shown. Data based on past performance, which is no guarantee of future results. Please see Terms and Indices on chart page for more information.

Patience Has Rewarded Fixed Income Investors Following Rate Hike Cycles

June 2022 |  Over the past 30 years, there have been four major tightening cycles. Following the two tightening cycles in 2000 and 2006, Federal Reserve interest rate hikes were followed by recessions.  Yet, despite the economic slowdowns, major sectors of the US fixed income markets averaged positive returns during the one-year periods beginning three months after the Fed’s first rate action. 

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Source: Bloomberg. Treasury securities are backed by the full faith and credit of the US government, while the other bond asset classes shown do not. Data based on past performance, which is no guarantee of future results. Please see Terms and Indices on chart page for more information.

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