What does yesterday's FOMC meeting mean for investors?
What does yesterday's FOMC meeting mean for investors? Risks remained skewed to the downside. We know inflation is a problem. The Fed wants to hike rates and reduce its balance sheet. It's hard to see a scenario where markets absorb these cross-currents without higher levels of volatility. From my perspective, the cake has been baked. Interest rates are rising. Inflation is a problem. There is a clear rotation from growth to value. Ironically, these trends have prevailed for
What’s an attractive fixed income instrument to play rising rates?
Over the weekend, Barron’s Roundtable released their widely read top stock & fund picks for 2022 (click here). One of the Roundtable Members, David Giroux (T Rowe Price CIO and Portfolio Manager) said “...The asset class with the most attractive risk/reward profile is leveraged loans”.
Astoria concurs. In short, senior loans have historically demonstrated the ability to participate in a rising rate environment. As there are now 4 rate hikes priced into the market, many (Barr
