Posts
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Economic Flash: The Markets Forge Ahead: What Could Go Wrong?
June 3, 2020
Economic Flash: The Markets Forge Ahead: What Could Go Wrong?
We remain skeptical of the recent stock market rally and are not looking to add risk to portfolios at this time. Great uncertainty remains about the pace of economic recovery,
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Economic Flash: Not Out of the Woods Yet
May 4, 2020
Economic Flash: Not Out of the Woods Yet
We are glad to have reduced portfolio risk as the US and global economies deteriorated, and we think market volatily and risk warrant a cautious stance at this point. Our focu
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Why We’re Holding on to High-Quality Municipal Bonds
April 17, 2020
Why We’re Holding on to High-Quality Municipal Bonds
Covid-19 containment efforts are chipping away at state and local tax revenue, while spending on public services is rising. Because (unlike the federal government) states cann
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Video: Economic Flash April 2020
April 6, 2020
Video: Economic Flash April 2020
David Baker, Director, Investment Strategy and Research, discusses market performance and what would indicate the worst is behind us.
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Economic Flash: The Fallout from COVID-19
April 2, 2020
Economic Flash: The Fallout from COVID-19
We have made (and will continue to make) necessary adjustments to reduce portfolio risk, which we think has increased dramatically relative to the past few years, while at the
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Why Muni Yields Are Record High vs Treasuries
March 18, 2020
Why Muni Yields Are Record High vs Treasuries
There’s been a rush to safety in the past weeks, which has benefited US high-quality bonds and hurt US stocks. However, in this recent bond rally, Treasury bonds have perfor
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Video: Economic Flash March 2020
March 6, 2020
Video: Economic Flash March 2020
David Baker, Director, Investment Strategy and Research, discusses the impact of coronavirus on the economy and the markets.
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Economic Flash – COVID-19: A Meaningful Antagonist to Growth
March 4, 2020
Economic Flash – COVID-19: A Meaningful Antagonist to Growth
Because of the potential impact on both consumer spending and the global supply chain, and by extension corporate profits, we view COVID-19 as a serious threat to US and globa