More on Bonds This Week: Emerging Markets and High Yield

We recently shared several charts showing that U.S. High Yield bond yields are at the low end of their historical range and thus their prices are at the top of their historical range.  Yes, both...

Tactical Management and How It Differs from from Active

 

Active vs. Passive Management

Active management can be thought of as any strategy that uses human discretion to decide what the portfolio should own. The manager(s) generally employs some...

Part 4: Back to the Future: Fed Normalization and What it Means for You

On March 17th, we wrote about the size and makeup of the Fed’s balance sheet and our concern if it were to unwind. Little did we know the latest Federal Reserve meeting minutes would disclose the...

Part 3: The State of The Bond Markets - Should You Be Concerned?

3. The Corporate Bond Bubble

Part 2: The State of The Bond Markets - Should You Be Concerned?

2. The Overstimulated Monetary Base

Part 1: The State of The Bond Markets - Should You Be Concerned?

1. The Fed and its Balance Sheet

Bonds have bear markets too... Is your bond manager ready?

For those who are unknowing of the potential for large losses in the bond market, please see below. About half of this loss is post-election market movement. Assuming the markets are flat to the...