2020 Capital Markets Forecast: Market Tug of War

Tony Roth |
Investment Management
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Our 2020 forecast discussses the interplay of productivity, populism, and portfolios. We look at solving the productivity puzzle.We discuss productivity driving populism.Our forecast also looks at testing the limits of policy.Investing is a data-driven process. We comb through economic and market information and use the data as clues that help lead us to a prudent investment strategy.

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Municipal Fixed Income Quarterly Market Commentary 3Q 2019

Karleen Strayer |
Investment Management
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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.

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