The potential downgrade of over $100 billion worth of investment-grade rated bonds looms as the next challenge for corporate bonds.
But the downturn looks like another painful but temporary correction instead of a global bear market.
With Fed communication in what we believe is disarray, we expect the market to continue to cascade lower.
The non-Arab countries that surround this region meddle in the situation but are not willing to mount a massive intervention.
Investors may have grown weary of the bleak midwinter volatility, but spring is still a long way off.
Economic data, including a stronger U.S. economy, suggest that we’re not in for a 2008-style collapse.
One of the big unanswered questions in the finance world is: Do returns reflect risk or mispricing?
There is a disconnect between financial market prices and economic realities.
It seems a fairly safe presumption that diversified portfolios will fare better in 2016 than in 2015.
The oil collapse is global wealth destruction of epic proportions.
If we are in the midst of a cyclical bear market, it’s of the “non-recession” variety.
Rather than taking a sensible approach to deficit funding, it seems like we're going in the opposite direction.
Timing a bottom for something as volatile as oil is next to impossible.
As always happens in times of uncertainty, the doomsayers are back...
The "ugly" was rumors that some European banks are insolvent.
For all the turmoil in international equity markets this year, there are a number of positives.
“How’s it workin’ for ya?” – would be a curt, logical summary of the impotency of low interest rates.
Though the yield curve has been flattening in recent weeks, it still has a long way to go before an inversion.
There is a real potential for the Republican Party to go into its convention without a de facto winner.
Gold is a brick, albeit a shiny one. It's not meant to outperform stocks in the long run.