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Charted territory: Mixed market signals

The economic outlook is highly uncertain. Our quantitative team analyzes what markets are signaling about a possible recession, and what false signals may need to be actively managed.

Falling equity yields predicting too rosy a scenario?

As the equity premium has declined, stocks may not be compensating investors given today’s macro risks.

Equity and Treasury markets agree: Expect volatility

The MOVE Index spiked from an elevated level while the VIX moved up, but from a decade-plus low.

Q4 2023 Economic outlook: Dodged or delayed?

Looking into 2024, we examine whether an economic slowdown has been dodged—or merely delayed.

Dare to dream part II—The time for private credit is now!

A new strategy note from Chief Market Strategist Troy Gayeski

Concentrated equity market persists in 2023

This week’s chart looks at the massive divide between year-to-date returns on the Big 7 tech stocks and the rest of the S&P 500.

Q4 2023 Corporate credit outlook: Riding the wave

Rising real rates cast doubt on equities and growth while credit outperforms driven by elevated yields. Lower-rated credit continued to lead returns despite tighter spreads.
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