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Credit market commentary: December 2020

Vaccine-fueled optimism drove credit markets steadily higher throughout December.

Energy market commentary: December 2020

Energy ended the year on a high note but still endured one of its worst years on record in 2020.

As long rates surge, the spotlight shines on duration

Treasury rates’ rise this week again placed duration front and center. We look at how rising rates might help certain fixed income sectors.

Q1 2021: Positioned for strength

The backdrop for credit in 2021 looks favorable. However, active management remains key to generating excess returns and navigating volatility amid the continued impact of COVID-19.

Q1 2021: Waiting on the world to change

While the first quarter of 2021 may continue to be challenging, we see gradual progress for CRE capital markets leading into a robust recovery later in the year.

Lower correlation, higher opportunity for active managers

This week’s chart looks at declining S&P 500 correlations, which may open the door for active managers to add alpha to a portfolio.

At new highs, stocks increasingly split from earnings

The S&P 500 has hit a fresh new high. Are stocks ready for a pullback? This week’s chart looks at the split between equities and earnings.

Three reasons CRE property values have remained resilient

CRE property values usually decline during economic recessions. Learn what’s different this time, and how it could impact the next expansion.
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