A Return to Normal - U.S. Interest Rates Explained

 August 27, 2021 |Michael Capobianco
The record uptake of the Federal Reserve’s Reverse Repurchase Facility has caused some fear among investors that systemic stresses might be brewing beneath the surface. But the drivers remain rather ordinary, and we expect conditions to normalize later...
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Chinese Reforms And Recent Equity Market Weakness

 August 20, 2021 |Michael Capobianco
A concerted effort by China to tighten the regulatory screws and a resurgence of COVID-19 in some Chinese provinces cloud the country’s short-term outlook. Given its predominance in the region, we have downgraded our recommended equity positioning for...
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The Impact Of The U.S. Infrastructure Bill

 August 13, 2021 |Michael Capobianco
The $1 trillion U.S. infrastructure bill that just got the blessing of the Senate is undeniably large, with some of the biggest-ever investments in certain key areas. Greater still is the amount of social and climate spending is in the works as the budget...
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Equity Markets Continue To Move Higher - Here Are The Reasons

 August 06, 2021 |Michael Capobianco
Challenges are coming at the stock market from different directions, but still the rally continues. This behavior isn’t that counterintuitive once we consider the one factor that sets the tone for equity performance—corporate profits. We look at the environment...
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