SPAB News and Press, SPDR Portfolio Aggregate Bond From 10/14/22

Summary U.S. recession risks are rising and stagflation may be poised for a comeback. A strong job market has kept us from entering such an environment, but recession risks are rising as the Federal Reserve has vowed to maintain a restrictive monetary policy to rein in inflation -...

Summary For the most part, 2022 has unfolded largely on script, with inflation proving stubborn and the Federal Reserve seeking to cut off the spigot. Despite the general monetary trend toward stiff tightening on a global basis, individual countries continue to initiate moves to s...

Summary The broadest measure of the bond market, the Bloomberg US Aggregate Index, has returned -14.61% YTD through the end of the third quarter. All segments of the bond market have posted negative returns YTD. 2022 is shaping up to be the worst performance year in the 45-yea...

Summary Geopolitical tensions, elevated market volatility, and the fastest pace of central bank tightening in decades are contributing to an unusually uncertain economic environment. In addition to higher income potential, yields are high enough to provide the potential for capita...

Summary YTD, the S&P 500 is now down 24% while bonds have their own double-digit losses. Like stock valuations, currency valuations aren’t great timing tools but over a 3-year period after becoming undervalued, the outperformance is strong. Consumer defensive stocks...

Summary 2022 has been the worst year for bonds since 1976. Bonds are an attractive place to be. Investors can look to allocate across fixed income depending on their individual risk appetite. What the markets are looking at now is the pressure on corporate profitability. ...

Summary The Federal Reserve has changed its angle of attack quite dramatically, in an attempt to battle surprisingly and stubbornly high inflation. The challenge will be to continue making progress on the inflation front without sending the labor market into a nosedive. The mo...

Summary Income investors seeking to boost yields often find themselves depending on higher-yielding investments such as bank loans, high-yield bonds and dividend-paying equities. The key to an efficient income portfolio is selecting the most impactful building blocks and assemblin...

Summary As comments from heads of central banks go, yesterday’s press conference was relatively lucid. In the case of deciding when the bond market writ large bottoms and begins an extended rise, a fourth factor comes into play: investor sentiment. As yields rise and in...

Summary As we start the third week of September, with the US Fed’s much-telegraphed rate hike on Wednesday (+.75 with some 30% betting odds of a full percent!), markets are peaked. To date, Canada’s TSX -13% is just a quarter through the price correction experienced ...