Muni to Treasury Ratio at Historic Levels

Muni to Treasury Ratio at Historic Levels

As advisors often see, high-income investors love municipal bonds. And for the most part we’ve shared that love. Tax-favored income and low correlation to equities, what’s not to love? But it seems investors are piling in with little regard for price, even with...
Muni to Treasury Ratio at Historic Levels

Convertible Bonds: Feed the Ducks

Convertible Bonds experienced an incredible 2020 and start to 2021. The Bloomberg Convertible Index outperformed both the S&P 500 and Nasdaq indices in 2020.  We can’t mention CB’s without highlighting Tesla which attributed approximately half of the 2020...

Greg Odens Everywhere

Paying a $39 million salary to LeBron is reasonable.  He’s going to bring the team tremendous value. He’ll stuff the stat sheet and fill the stands.  Is there risk he’s going to have a down year…sure, but he’s still LeBron. It is different than paying Greg Oden $39...

Georgia on My Mind

What seemed like an outside probability just a few weeks ago looks increasingly likely to become reality. With Democrats likely to take both GA Senate seats, the balance of power will shift significantly and so will the legislative agenda for the next two years. From...

6 Market Lessons, 3 Market Catalysts

As I start to aggregate data from the past year and continue to gather thoughts on the upcoming months, I wanted to share some initial thoughts as we kick 2020 to the curb. With 2020 being a wild year, and in Uncle Eddy fashion, I decided to take a quick vacation to...