The Federal Reserve announced a number of actions Monday morning, several of which appear to be unprecedented. Overall, in our view, these are steps in the right direction. The Federal Reserve expanded its authority to purchase... Read more »
Current Views
Our Thoughts On The Potential For BBB Downgrades
Published on Mar 20, 2020
When credit rating agencies assign credit ratings to issuers, the credit analysts generally consider the resilience of the underlying business and that business’s ability to service its debts through a business cycle contraction.... Read more »
Current Income Portfolio Update
Published on Mar 20, 2020
A key economic impact of the Covid-19 pandemic is the heightened near-term probability of U.S. and global recession. Investors appear to be pricing this new reality into financial markets. It is most visible for us in the... Read more »
Our Most Recent Market Thoughts
Published on Mar 20, 2020
As of Tuesday March 17, the S&P 500 has declined about 25% from its peak on February 19, and about 20% from the start of the year. Volatility is at highly elevated levels, and we’ve seen similar extremes in other financial... Read more »
Current Views Archives
Current Views and Opinions
News and Recognition
- "Crown shareholders express patience amid activist pressure for fiber sale" Jason Benowitz's commentary featured in DealReporter
- September 2020 The Bulletin: "If the Tax Code Changes, Will You be Prepared?" by Corie Gabriel
- July 2020 Memento Mori: "Maximizing Income in a Perpetual Care Fund" by Adam Sheer