The Municipal Bonds Channel

Not Dead Yet: What Many Investors Get Wrong About the American Mall

Headlines about the death of the American shopping mall have become so common that the phrase “retail apocalypse” has its own Wikipedia page. But this is a death wrongly foretold—and that creates investment opportunities.

Convertible Securities: Reason for Optimism in 2H 2018 and Beyond

During the second half of the year, convertibles should benefit in advancing but volatile equity markets. Convertibles have outperformed bonds during rising rate environments. Thanks to their equity characteristics, convertible securities have performed well versus bonds during periods of rising interest rates—including this most recent period.

The Economy and Markets at Midyear: Is the Outlook Heating Up?

Coming off of a strong year for the economy and markets, we had high hopes for 2018, but the first half of the year didn’t play out as planned. Between the stock market pullback early in the year; the slowdown in economic growth; and rising risks, largely in trade, expectations softened. As we hit the midway point for 2018, though, it looks as if those initial hopes might be more realistic than they seemed even a month ago.

Venerated Voices™ Q2 2018 Rankings

Advisor Perspectives has announced its Venerated Voices awards for commentaries published in Q2 2018.

When Push Comes to Shove

A review of last month’s market-moving events across countries and asset classes.

Supreme Court Decision Could Relieve Stress for Some States

Thanks to the Supreme Court’s decision in South Dakota v. Wayfair, Inc., states can now choose to levy sales taxes on online transactions with no physical retail presence within the state. Our chart shows the potential impact on state budgets.

Why Factors Premiums Should Persist

We know the historical evidence shows there are premiums for factors, but how can you be confident that those premiums will persist after research about them is published and everyone knows about them? After all, we are all familiar with the phrase “past performance does not guarantee future results.” Here is my answer.

The Debt Train Will Crash

There’s going to be a train wreck here. Which train will go off which track is unclear, but something will. And we’re all going to feel it.

Oil Takes Center Stage: Commodities Halftime Report 2018

Of the 14 major commodities we track at U.S. Global Investors, oil was the standout performer, gaining roughly 23 percent, followed by nickel (up 16.76 percent) and wheat (16.51 percent).

Advisors Capitulate in the Face of Rising Markets

The potential escalation of tariffs combined with rising rates present a formidable risk for advisors and their investors in the second half of 2018. Avoid betting for or against a trade deal and build in risk managed strategies that position your investors for either outcome.

Is All-Passive Really the Best Thing for Target-Date Funds?

With market returns expected to be lower going forward, target-date funds that invest in passively managed underlying components are at risk of underdelivering. We think diversifying beyond traditional asset classes and tapping alpha opportunities with a multi-manager structure can increase the chances of success.

Munis and the Markets, June 2018

A brief monthly update on what's happening in the municipal bond market.

Tariffs and the End of Stimulus

The second quarter was marked with market volatility from geopolitical tensions, the president’s tweets, and “America first” rhetoric.

Q3 Market Outlook: What’s in Store for Markets in the Second Half?

We are coming to the mid-year point for 2018, and the past six months have felt like six years. Markets have experienced a significant uptick in volatility, yet equity investors may not have much to show for all their troubles.

Convertible Securities: a Versatile Asset Class

Rising interest rates and volatile markets can create headwinds for all types of investors. Franklin Equity Group’s Alan Muschott makes a case for convertible securities, a hybrid asset class that he thinks can adapt to various market conditions.