Tactical ETF 3Q21 Market Review & Outlook
October 11, 2021 — While demand is strong and the U.S. consumer is in a healthy position, continued supply-related price pressure on commodities and other goods could eventually damage consumption and give the transitory inflation story more of a structural feel, making the Fed appear behind pace. As it stands, our base case is for inflation and growth to moderate in tandem in the coming quarters, suggesting the Fed taper/tightening path laid out is appropriate. Given our outlook, we remain tilted toward equities in balanced strategies and overweight spread sectors in fixed income.
Tactical Investment Strategy, September 2021
September 20, 2021 -- The third quarter has been a bumpy ride, with a surge in the Delta variant that has shifted the macro landscape and slowed the economic reopening. . . .
The Winners and Losers of the Great Reflation Trade
Not all commodities have benefitted equally in the reflation/economic reopening trade. Some have long-term structural supply/demand imbalances, while others have seen . . .
Fixed Income Returns & Rising Rate Environments
September 10, 2021 -- Given the large moves in interest rates over the past 12 months, investors are focused on the near-term direction of rates. Understandably so . . .