Salvatore Bruno

From yet another Federal Funds rate rise to a slowdown in Chinese manufacturing, markets were beset by a range of crosscurrents during July. #markets

The strength and persistence of the stock market’s performance coming off the lows of last October have continued to surprise. #markets #stock

Much of May was dominated by debate over raising the debt ceiling and the so-called X-date. #debt #strategy

The last few years have provided one reminder after another that volatility can return suddenly and dramatically to the markets. #markets #crisis

February saw investors conjure up a new idea as they continued struggle to come to grips with competing economic scenarios: the no landing. #investing

One way to look at the past month is through the lens of the U.S. Department of Labor’s Jobs Reports from November 4th and December 2nd. 

Every bear market comes to an end, or at least it has so far. Of course, no one knows exactly when that will be. #markets

A 50% currency exposure; something we have long called the “hedge of least regret,” and never has that seemed more true than this year.

Not surprisingly, some investors are again starting to give voice to concerns that the Fed will over-tighten, triggering a recession. #investor

When yields rise, bond prices fall, but there is a silver lining for those who reinvest all or part of the income generated by their fixed income holdings

Understanding these trends and investing in the companies and sectors that are expected to benefit can be a productive investment strategy.

The question now is how well the Fed will manage the pivot to a more normalized rate environment. We’re starting to find out.

October was a bounce back month for equities, but issues persist in the supply chain, labor market and elsewhere in the economy.

Once again, September lived up to its reputation as a volatile month and set the stage for what could be a bumpy Q4. #ETFs #investing

Will August see a continuation of such fitful moves from the markets? Signs point to yes. #stockmarkets #investing #investor

A “laddered” fixed income portfolio is one built around a series of bonds with staggered maturities. #investing #ETFs

The fixed income world has seen a surge in interest in applying ESG principles to analyzing and investing in various types of debt. #ESG 

Both fallen angels and low vol strategies have attractive up and down participation relative to the high yield benchmark, but with different risk factors.

There is much debate about whether the magnitude of fiscal spending and the re-acceleration of growth will lead to higher price levels going forward.

The growing sense of optimism expressed by the markets generally found support in the data and in real world events. #bonds

It’s not every week that the yield on the 10-year treasury jumps nearly 60%, so when it does, it’s worth taking notice. #inflation

Investors should be on the lookout for “buy the rumor, sell the news.” #stockmarket #investors #financialadvisors #ETFs

tax loss harvesting can offer multiple benefits, offsetting capital gains while allowing an investor to maintain consistent exposure to the markets.

We’re in a new reality, one in which there’s not just one, not two but three highly effective vaccines for limiting the spread of COVID-19

The winners in this will be those properties that support WFH, or that house services that can’t be effectively delivered remotely, among others.

Hard as it may be to believe, the election season won’t last forever. No matter who wins the world will go on. #election2020 #stockmarket

Merger-arbitrage funds like MNA seek to take advantage of the positive difference in the announced price of a transaction and the current price.

A rising market has tended to be positively correlated with M&A activity. #mergers #acquisitions #financialservices #business #economy

As markets typically do not care for ambiguity, we reiterate the importance of looking into strategies that offer risk mitigation and liquidity.

The global pandemic has also served to highlight the impact that industrial activity and transportation have had on the environment. #ESG

Q2 ends with a market rebound, resurgent pandemic & massive push for societal change #investing #stockmarket #ETFs

This rally has again demonstrated how hard it is for even experts to anticipate an inflection point, while reaffirming the value of a long-term plan.

Hope and heartbreak. We seemed to swing wildly from one extreme to the other during the month of May. #hope #heartbreak

When interest rates fall through the floor, the ability to generate income becomes more difficult, and more valuable. ETFs

As markets stabilize and the economy reopens, we believe M&A activity will pick up too. #stockmarket #investing #ETFs #financialadvisors

While deficit spending is clearly called for now, the longer-term impact of this level of borrowing on markets is unknown. #economy

As the recent record-high levels of contango have demonstrated, there are many pitfalls associated with futures-based commodities investing. 

This is all new territory, and that makes forecasts of everything from oil prices to consumer spending more uncertain than ever. #economy

In times of crisis, money tends to gravitate towards U.S. Treasuries and other safe havens, and away from credit assets like high yield bonds.

The potential for generating positive returns will be there when markets are flat or trending up. #investing #returns #stockmarket

Currencies fluctuate, sometimes driven by long-term economic trends and by short-term events, like fears. #stockmarket #currency

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