Flexibility important as 2020 leaders become laggards
Stock market leadership YTD has been a mirror image of 2020. Our chart looks this year’s leaders and why active management remains important.
![](https://fsinvestments.com/wp-content/uploads/2021/04/COTW_2021-04-02_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Stocks’ path higher in 2021 has been rocky
Equities’ rise this year has been choppy as investors confront new challenges. Our chart looks at stocks’ path and why flexibility remains important.
![](https://fsinvestments.com/wp-content/uploads/2021/03/COTW_2021-03-26_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Rising inflation expectations ripple across the markets
Rates and inflation expectations moved higher this week. Our chart looks at why the Fed isn’t concerned, but markets could remain choppy, nonetheless.
![](https://fsinvestments.com/wp-content/uploads/2021/03/COTW_2021-03-19_thumbnail-247px.jpg?w=250&h=150&crop=1)
Leveraged credit climbs amid rising rate environments
As Treasury yields jump, flexibility is key. This week’s chart looks at historical returns for credit when yields have risen quickly.
![](https://fsinvestments.com/wp-content/uploads/2021/03/COTW_2021-03-12_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Flexibility paramount amid value-growth transition
Value stocks are showing signs of life as rates rise. This week’s chart looks at the change and suggests flexible mandates are more important than ever.
![](https://fsinvestments.com/wp-content/uploads/2021/03/COTW_2021-03-05_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Credit markets a case study on the impact of duration
IG bonds have turned negative over the past 9 months while HY has moved higher. This week’s chart looks at the impact of duration as rates rise.
![](https://fsinvestments.com/wp-content/uploads/2021/02/COTW_2021-02-26_v1_thumbnail-247px-1.jpg?w=250&h=150&crop=1)