In Partnership with Annex

A bit of a lost year for bonds

Energy and employment are strengths while yield sensitive assets remain weak. There are opportunities via reasonable valuations and increased bond yields but risk premiums and tight bond spreads pose threats.

Interest Rates, Inflation, & Q4 Prospects

September is a lousy month for the markets. The good news, seasonality would suggest Q4 may be leaning to the positive side. Annex Wealth Management's Dave Spano and Derek Felske discuss.

Macroeconomic Fog

GDP revised. Yes, they’re still trying to figure out how much output the economy produced. And they’ll be doing that for decades to come.

Nowhere to hide

Aren’t bonds supposed to provide support to falling stocks? That’s how things seemed to work during the two decades before COVID.

Shutdown Countdown

A shutdown delays rather than cancels spending. In fact, a shutdown only affects up to 27% of total federal spending.
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Quality. An often-used term, but what does it mean?

This quarter, defense has been the best defense. Weakness exists with yields up but everything else down. Opportunities exist to lock in rates and hedge against inflation. Threats include prices the new marginal buyer of Treasurys is going to pay.

Could The Fed Be Done Hiking?

The Fed signaled rates may stay higher longer into the future, but is the rate hike cycle slowing? Annex Wealth Management's Dave Spano and Derek Felske discuss.

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