Observations and Perspectives: Some of These Things Are Not Like the Others

Terri Spath, Chief Investment Officer | 8/21/2018

Since early July 2016, the yield on the 10-year Treasury has rocketed from 1.38% to nearly 3%. Investors in intermediate Treasuries have lost more than 7% over that period as rising interest rates have resulted in falling bond prices.

Observations and Perspectives: Show Me the Money

Terri Spath, Chief Investment Officer | 6/10/2018

We are consistently hearing that bonds are making advisors and investors pull out their hair. Nearly three decades of generally falling interest rates has translated into a bull market for traditional bond strategies, but times have changed.

Observations and Perspectives: Trendless Volatility

Terri Spath, Chief Investment Officer | 6/2/2018

The year 2017 went down in the record books as the calmest stock market in history. The worst decline from high to low (“drawdown”) was a scant 2.6% and the S&P 500 recorded just 8 swings of more than one percent, just about one every six weeks, all the while consistently moving to the upside.

Observations and Perspectives: Traditional Bonds = Risky Parachutes

Terri Spath | 3/26/2018

During the short nine days of trading from late January to February 8, the S&P 500 fell like a skydiver leaping out of a plane: fast and down. In a classic flight-to-quality response, investors pulled their parachutes, socking billions into the largest ETFs tracking the widely-watched Bloomberg Barclays U.S. Aggregate Bond Index (the “Barclays Aggregate”). This time, though, it didn’t work.

Observations and Perspectives: Take It One Curve at a Time

Terri Spath | 2/18/2018

Right now I am continually inspired by the competing Olympians and I just came across an obscure and just plain crazy sport: “skeleton.” In it, thrill-seeking competitors plummet headfirst down a twisting, frozen track at speeds over 80 miles per hour.