Weekly Bottom Line
Oil prices plummeted Friday morning as Iran declared the Strait of Hormuz fully open to commercial traffic during the 10-day cease fire between Israel and Lebanon. The producer price index rose to a three year high of 4% year-on-year in March, as energy prices rose sharply during the month. Federal Reserve officials generally voiced caution […]
Rethinking Fixed Income Allocation in a Multi‑Polar World
For most U.S. investors, fixed income means U.S. fixed income — Treasuries, investment-grade corporates, munis — as the domestic bond market is deep, liquid, and more than sufficient to build a diversified portfolio. But, in today’s increasingly fragmented global economy, U.S. fixed income investors face a pivotal choice: remain anchored in a domestic bond market […]