Asset Management Viewpoints: Mortgages—Home to Opportunities
Agency mortgage-backed securities, also known as Agency MBS, offer a good entry point to fixed-income investors. Cary Street Partners Chief Investment Officer Tom Herrick expounds how the current opportunity is two-fold.
3rd Quarter 2023 Commentary
Risk assets do not do well when yields move higher. The third quarter was a case in point. Regardless of our viewpoint that yields have overshot, the price is the price, and there is no denying the impediment that yields present to stocks and bonds.
Asset Management Viewpoints: Time for Small Caps
Cary Street Partners Chief Investment Officer Tom Herrick talks cap comparisons and explains why it's time for small caps.
Artificial Intelligence: The Fourth Industrial Revolution?
Artificial intelligence — is it being over-hyped? Or could it really have profound economic and societal implications?
August Monthly Update
Epic dis-inflation. That is the short answer regarding what has been driving markets since last October.
2nd Quarter 2023 Commentary
As we approach the halfway point in 2023, investors will find global equity and bond markets considerably improved from January 1st, although still well below peaks reached in 2021...
June Monthly Update
An underappreciated characteristic of Nobel prize-winning monetary economist Milton Freidman was that he could turn a phrase. In fact, he wrote a well-read column in Newsweek for years. Freidman is said to have likened central bankers to fools in the shower...
May Monthly Update
Domestic equities largely consolidated and continued to trade within a relatively tight range throughout the month of April. Using the S&P 500 Index as context, the current equity trading range is...
The Fed is Starting to Break Banks
There is an expression on Wall Street that the “Fed raises rates until something breaks.” Well, something broke in March: Silicon Valley Bank and Signature Bank failed, and a host of regional banks came under stress...
March Monthly Update
Last month we highlighted the strong relationship between calmer yields and better risk returns. That dynamic held in place from late October until approximately three weeks ago. Since that point, markets have been rattled...