Tactical Investment Strategy, August 2021
August 17, 2021 — Late summer has historically been a challenging period for risk markets, and this year looks set to follow that pattern –with an abundance of headline risk around spiking Delta variant cases, the China tech crackdown, and chaos in Afghanistan. So far, equities have been resilient to these risks, but we would not be surprised if markets consolidate 5% to 10% sometime before the fall. Despite these concerns, our overall macro view is still positive given favorable monetary policy and growth and earnings dynamics. As such, we remain constructive toward risk assets and higher-yielding fixed income over the medium term.
Creating Impact With Sage’s New Impact Bond SMA Strategy
August 12, 2021 -- The issuance of green, social, and sustainability bonds reached $3.2 trillion in the first half of 2021 and is on track to exceed $11 trillion by 2025 . . .
How Low Can We Go? High-Yield Spreads and Defaults Fall as Balance Sheets Improve
July 13, 2021 -- July 13, 2021 -- Sage's Ryan O'Malley weighs in on the insatiable demand for high-yield issuance and how the "great reopening" has caused . . .
Where to Find Income in a Low-Interest Rate World
The Fed’s announcement last week that would pull rate hikes forward by six months was somewhat of a surprise for investors. The good news is that it doesn’t really change . . .