Investment grade credit spreads ended 2024 at their tightest levels in over 20 years. In our most recent Bond iQ, we consider what these valuation levels imply for forward excess returns and suggest that allocators consider a high-quality approach to corporate credit.
In our first Equity iQ of 2025, we argue that no matter what your macroeconomic views are heading into the new year, high-quality SMID cap stocks can be a winning strategy and warrant consideration from asset allocators.
While small and mid cap valuations continue to look historically attractive relative to U.S. large cap, our latest Equity iQ addresses two important risk considerations for investors contemplating tactical shifts within their equity portfolios.
While inflation and macroeconomic uncertainty have made the current cycle unique, our latest Chart iQ looks back to the end of prior Federal Reserve hiking cycles for hints on the potential direction of yields from here.
In our latest Equity iQ, Bryan Andress, CFA and Landon Peterson examine the relationship between interest rates and equity valuation. By dissecting changes in the stock market P/E multiple, their analysis identifies the impact of interest rates while also shedding light on how other factors have influenced equity valuations in recent years.
Over the last six months, there has been a notable divergence between the “Establishment” and “Household” employment surveys – two important measures of labor market health. In our latest Bond iQ, Kristen Rettig, CFA summarizes these differences and explains that recent data suggests revisions may play a key role in the future alignment of these two labor market estimates.