Beyond Bulls & Bears

Hasenstab Sees Once-in-a-Multi-Decade Opportunities
Perspectives

Hasenstab Sees Once-in-a-Multi-Decade Opportunities

There are a handful of countries that are being caught up in the current market turmoil that we think are the diamonds in the rough—multi-decade opportunities, once-in-the-history of some of these countries—opportunities.

Searching for Natural Hedges Against Interest-Rate Risk

Searching for Natural Hedges Against Interest-Rate Risk

We have found that historically over time, interest-rate moves don’t often play as large of a role in a broadly diversified fixed income portfolio as one might think.

ECB Meeting Revamp: Implications for Investors

ECB Meeting Revamp: Implications for Investors

I believe the European Central Bank’s (ECB's) decision to revamp the meeting cycle of its Governing Council so that its monetary policy decisions no longer take place monthly has interesting implications for investors—including potentially reducing the central bank’s volatility.

Draghi Crosses the Rubicon while Juncker Peddles “Europhemisms”

Draghi Crosses the Rubicon while Juncker Peddles “Europhemisms”

When the head of the ECB makes a speech in Frankfurt—the ‘temple’ of central banking—it’s incumbent on those of us who work in the markets to listen to the sermon and draw our own conclusions…that’s the power of active management.

The Implications of Easing

The Implications of Easing

For now, we believe the most recent easing efforts of Japan and the ECB should offset concerns about the end of the Fed’s QE programs and that these efforts will continue to provide liquidity to the markets. But, we’ll be watching for any unwelcome aftershocks.