The golden age of fixed income is over. The days when investors could rely on traditional bonds as safe, income-producing securities that hedge equity risk and deliver returns that keep pace with inflation are finished. While it may not have felt like it, long-term investors had it pretty easy over the last 90-plus years.
Mark Armbruster, CFA. Where is the US economy headed? Recent news coverage about an inverted yield curve, potential trade wars,
Mark Armbruster, CFA. I read another article recently that warned of an impending market downturn and cited Nobel laureate Robert J.
Mark Armbruster, CFA. The stock market’s valuation recently surpassed its 1929 peak, and the S&P 500 now trades near the
Mark Armbruster, CFA. The stock market hates uncertainty, and there is plenty of uncertainty with respect to the tensions over
Mark Armbruster, CFA. I believe, but cannot prove, that true alpha does not exist for individual investors. There are too
Mark Armbruster, CFA. The investment management industry is based on the premise that smart, hard-working managers with cutting-edge technology can
Mark Armbruster, CFA. “One who sees inaction in action, and action in inaction, has understanding among men, disciplined in all