State and local budgets are likely to remain under stress, but that doesn’t mean investors should completely avoid munis.

In order to help try to make sense of it all, let’s take a look at where the stock market makes sense right now and where it doesn’t.

While we have concerns about the loan market, we don’t believe the CLO market is putting the banking system at risk.

A second wave of global COVID-19 is getting a lot of media attention, but the appearance of a global second wave of cases is primarily driven by the different timing of first waves across countries—rather than second waves within countries.

Economies and markets whipsawed in the first half of 2020. Here’s what we expect for the rest of the year.

Interest rates are likely to stay low as markets try to bridge the economic gap to the new normal.

The divergence between the stock market and economy has characterized the past few months; with a convergence possible in the second half of the year.

In our 2020 Global Market Outlook, we cited many indicators pointing to heightened risk of a recession; now we highlight increasing signs of a recovery from one.

The dominant question we’ve been getting from investors is about the perceived disconnect between what’s happening on Main Street and what’s happening on Wall Street.