Through the first three quarters of the year, the US municipal market has outperformed the taxable market across the yield curve. The Bloomberg Barclays Municipal Bond Index is down 40 basis points through September,whereas the Aggregate Bond Index is down 1.60%
- Investment Insights
The U.S. Federal Reserve (the Fed) is settling into a quarterly tightening routine that could see the federal funds rate rise above 3%. Even so, the upside for the U.S. dollar looks limited given its expensive valuation and crowded long positions.
On Wednesday, US stocks fell dramatically, with the Dow Jones Industrial Average falling more than 800 points. The rout was led by technology stocks, with the NASDAQ Composite Index down 316 points, but all sectors experienced losses.
Equities were mostly lower last week, with the S&P 500 Index ending the week down 1%. This is the first time since late June that the S&P 500 has fallen two weeks consecutively.
Domestic equities ended mixed for the month of September, as the S&P 500 finished in positive territory, whereas small cap stocks and even several large cap sectors experienced losses. With the continued upward trend for the S&P 500 Index, September brought new record highs for the index, although small caps ended the month in negative territory.
On the latest edition of Market Week in Review, Russell experts discussed recently released economic data points for China and the U.S., as well as U.S. Federal Reserve (the Fed) Chair Jerome Powell’s remarks on inflation and the state of monetary policy.
Perhaps the biggest news of the last week was the meeting of the Federal Open Market Committee (FOMC), the policymaking arm of the US Federal Reserve (Fed). As expected, the Fed raised interest rates. But what was far more interesting were the hints provided about the future.
The value of the U.S. dollar has climbed since April, and its rise has been one of the biggest drivers of asset performance in 2018. The stronger dollar is both a consequence of, and catalyst for, tighter financial conditions.
The three themes from our midyear investment outlook still ring true as the fourth quarter of 2018 kicks off: a widening range of growth outcomes, tighter financial conditions and a rising need for portfolio resilience.
Skeptics are starting to question the sustainability of a nearly decade-long bull run in global equities. Are their fears of a “narrow” stock market warranted?
When most investors are asked what they know about Bitcoin, their typical response includes references to money laundering, magical internet money, or a form of currency that is used by criminals. Although all of these may have been largely correct at one point in Bitcoin’s history, today’s environment has changed significantly.
As we round into the final months of 2018, Nuveen’s Global Investment Committee (GIC) and Nuveen’s Solutions team believe that the investment world remains in a “risk on” mode.
Municipal bonds have historically appealed mainly to investors subject to U.S. federal and state income taxes. However, investors not subject to these taxes, such as non-U.S. investors, are showing increasing interest in the asset class.
The desire to structure and manage client portfolios is oftentimes part of the advisor's value proposition. Selecting investments and being responsible for those decisions can be a worthwhile endeavor. But how effective is it in the long run?
A new study suggests that earning wealth through the stock market may be better accomplished by focusing on slow and steady long-term growth, rather than chasing top-tier performance.
Bank loans are having something of a moment in the sun, or about as close as an obscure asset class can get to one. Earlier this year, the size of the market for these floating rate loans, a form of credit to low-quality issuers, rose to more than $1 trillion.
In this episode of The Bid, Kate discusses how to build resilience into portfolios, why tech still has room to run and why she’s still a champion of emerging markets.
With the first half of 2018 now behind us, it’s a great time to trace how managed account programs have fared thus far this year in terms of sales, redemptions, and net flows.
Join Sophie Antal Gilbert, a Consulting Director at Russell Investments and Rob Balkema a Senior Portfolio Manager for Multi-Asset Solutions at Russell Investments, as they explore some approaches for investing in uncertain markets.
When looking to build model strategies—or investment portfolios that target and solve for specific client objectives—we should be conscious of our competencies. We believe it is essential to understand where we lack expertise and need help.
Vanguard Senior Economist Andrew Patterson gives an update on trade tensions, the labor market, interest rates, stock valuations, and expected returns.
On this week’s podcast (recorded July 30, 2018), Tim discusses why the underlying components of the GDP growth report were most encouraging and speaks to why the US economy should continue to perform well into 2019.
Midway through 2018, many of the world’s largest economies are enjoying a remarkable period of synchronized growth. By one estimate, global GDP growth will approach 4% this year. But the specter of tighter monetary policy, trade skirmishes, rising volatility and high valuations may leave investors wondering, “What’s coming next?”
It’s logical for us to start asking about when the next recession might occur and the implications of that for multi-asset investment strategies.
Read the newest Strategas Insights on trade tensions, Fed policy, inflation, and other key factors affecting the US economy in the near term.
Taxes can have a significant impact on your clients' investment returns. This guide helps them understand the importance of building and maintaining a tax-efficient portfolio.
Help your clients get a better understanding of the differences between index investing and active investing, and the merits of each approach.
Martin Small, Head of U.S. and Canada iShares, has a secret to share: times have changed. Many portfolios today harbor a technology that’s changing the way we look at investing. It’s called the exchange traded fund, and in this episode of The Bid, we’ll explore the ins and outs of its rapid rise.
Tim Holland, Brinker Capital's Global Investment Strategists, discusses the near term risks to the US economy and the market as we approach the halfway point of 2018.
In the most recent edition of Washington Insights, we discussed the latest — and likely final — chapter in the DOL fiduciary rule saga. On March 15, a three-judge panel of the Fifth Circuit Court of Appeals voted to vacate (or nullify) the rule.
Read the latest commentary from Envestnet and Strategas for economic perspective on US policy and world events, and why current market conditions may appear favorable to active managers.
Staying tuned to financial news on a daily basis and adjusting portfolios to take advantage of (or avoid repercussions from) potential market movements can be exhausting. This month, we take a break from prognostications and offer a list of five things to keep in mind in today's ever-churning world of markets.
The Russell Investments podcast answers the questions: Are trade war risks on the rise? How could the latest U.S. employment report impact the Fed’s rate-hiking plans?