Barbara Reinhard, CFA, Head of Asset Allocation
Corporate earnings, financial conditions and benign inflation imply that the U.S. is squarely late cycle with the rest of the world further behind. This is not necessarily bad for equities, especially since monetary policy is being renormalized from an extremely accommodative stance.
Matt Toms, CFA, CIO, Fixed Income
Twice a year we refresh our decision framework. As the second half of 2017 gets underway, here's how we view fixed income investing.