Municipal Fixed Income Quarterly Market Commentary 1Q 2018

Stephen Winterstein |
Investment Management
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In the 1Q 2018 issue of our quarterly publication, we: Explore how variable rate demand notes (VRDNs)—a type of municipal bond—may have the potential to perk up a bland fixed income diet and are an important part of a well-balanced portfolio. Look back on municipal bond market performance and supply/demand in 1Q. Provide a round-up

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Global Positioning Systems: Recalculating …

Tony Roth |
Investment Management
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Our 2018 forecast for markets, economies, and portfolios. The U.S. economy — late-cycle emergence Inflation and growth — global-U.S. divergence Valuations, yields, and volatility — alternative resurgence Signs points to the U.S. economy being near or in a late (or pre-recession) stage, yet stock market valuations are elevated and inflation is inexplicably soft. Our investment

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