2023 January Update- Municipal Bond Strategies

2023 January Update- Municipal Bond Strategies

2023: INCOME IS BACK- One (maybe the only?) Positive From the Pain of 2022 Fixed Income investors finally had the year many were predicting over the last decade, ending eight consecutive years of positive total returns for the broad municipal bond market. Much like...
EQUITY INCOME STRATEGY: Q2 2021 COMMENTARY

EQUITY INCOME STRATEGY: Q2 2021 COMMENTARY

Market Overview  At the end of the second quarter over 54% of Americans had received at least one dose of the vaccine, although the pace of vaccinations slowed substantially. New cases and deaths fell to levels last seen in the early days of the Pandemic, but the U.S....
Equity Income Strategy: Q1 2021 Commentary

Equity Income Strategy: Q1 2021 Commentary

Market Overview Stimulus and vaccine optimism ran high during the first quarter with all eyes on the reopening of the economy and a return to some sort of normalcy in the not so distant future. The third wave of a spike in COVID cases and deaths as a result of the...
Needle In a Haystack

Needle In a Haystack

As municipal bond managers for over 30 years, we have seen many markets. We can say with high level of conviction that we have never been more concerned and nervous about what is to come. As we enter the beginning of 2021, our economy is in a huge economic bubble. We...

Equity Income Strategy: Q3 2020 Commentary

Market Overview The COVID-19 pandemic continued to upend the global economy in the third quarter as cases and deaths rose. U.S. cases increased by 4.6 million and close to 80,000 additional Americans lost their lives to the virus. After spiking in July, U.S. new case...