All Investment Management Content

Capital Perspectives November 2019

Tony Roth |
Investment Management
Cap-Perspectives-NC.jpg

In the November issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth delves into the reasons why he and his team feel comfortable reverting to an overweight position in stocks.He points to a subtle but important receding of downside risks in recent weeks across three critical domains—policy, global economic data, and corporate earnings.

Read More...


Municipal Fixed Income Quarterly Market Commentary 3Q 2019

Karleen Strayer |
Investment Management
Blog_39.jpg

In the 3Q 2019 issue of our quarterly publication, we discuss the latest developments in the municipal market.Municipal issuance picked up in the third quarter following muted supply the first half of the year; robust demand continued to outpace supply despite the increased issuance.Municipal issuers are increasingly turning to the taxable debt market to refund tax-exempt debt, a result of the Tax Cuts and Jobs Act of 2017.

Read More...


Understanding the Relationship Between Stocks and Interest Rates: It’s Complicated!

Meghan Shue |
Investment Management
Stock and Interest Rates NC.jpg

As with hard sciences like physics or chemistry, finance has commonly held “principles” somewhat akin to laws that help govern how investors value assets. The difference is that finance is not a hard science but, like economics, more of a social science that relies on human behavior and psychology. As a result, even the most widely accepted tenets deserve to be examined and turned on their heads at times to evaluate under what circumstances they actually hold up.

Read More...