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State, local budgets a hidden economic pitfall?

Looming state budget cuts could slow a post-vaccine recovery. We look back to the Global Financial Crisis to see what we can learn about tomorrow.

Elections and lockdowns and vaccines: Are we there yet?

How the whirlwind of news headlines will impact the economy and markets

Post-election bounce? CRE lending as the storm clouds start to clear

Post-crisis environments may be attractive times to originate CRE loans.

Energy market commentary: November 2020

Despite the rally, there still appears to be room to run for energy heading into 2021.

Credit market commentary: November 2020

Credit rallied amid broad market strength in November on news of multiple potentially viable COVID-19 vaccines.

Price gains dwindle, leaving little for FI investors

Paltry income, little price appreciation leave fixed income investors in a bind. Our chart breaks down Agg returns, outlining potential trouble ahead.

5 for ’21: Corporate credit

See the key charts we believe illustrate the corporate credit landscape for 2021, and how markets are positioned to make it through a vaccine-lit end of the tunnel.
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