Insights: Fresh off the monitors
Go behind the scenes of our investment strategies, market research, & important topics that come up in conversation throughout the week.
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How institutional investors are navigating 2023
At the start of this week, Tim and I attended one of the most prolific hedge fund conferences in the nation. We got to hear from billionaires like Paul Singer, C-Suite & Directors from Goldman, Citi, and JP, and the Chief Investment Officers of Apollo Management, Bridgewater, and other massive funds. Here’s what they said about 2023 and how they are navigating.
Changes to 401(k)s & Other Employer-Sponsored Plans
The 2023 omnibus spending bill, formally called the 2023 Consolidated Appropriations Act, included a significant number of changes for employer-sponsored retirement plans. These changes are referred to in the CAA as “Secure 2.0”, here are the highlights.
Bond Indicators for 2023
Understanding the changes in bond prices and their relationship to other economic indicators can help us make two vital decisions when allocating a fixed-income portfolio. First is credit quality, which can be gauged by changes in the investment grade option-adjusted spread (IG OAS) or the high yield option-adjusted spread (HY OAS). The second decision is duration, which adjusts the interest rate risk within the portfolio. Duration decisions can be informed by movements of the 10-year Treasury yield, Bank Prime Loan Rate, and the 10-Year Breakeven Inflation Expectation. Based on our backtests and qualitative research from other sources, we have identified nine indicators that can educate how one might allocate a fixed-income portfolio in any given market environment.
List of Market Outlooks for 2023
We collected the 2023 Market Outlooks from the most well-respected management firms on Wall St.
Colorado Secure Savings Mandate - What you need to know
If you are an employer in Colorado and you have more than 5 employees, you will need to either initiate a private retirement plan for your company or enroll in the state-sponsored Colorado Secure Savings Program.
Timely Macroeconomic Indicators for 2023
Amidst the consensus that an economic downturn is soon arriving, this paper puts forth six indicators to predict when the next recession will start, understand when it is occurring as well as confirm when it has ended. By focusing on indicators with a shorter leading interval, an estimate for when a recession properly starts should be forecasted two to three quarters in advance, an understanding of when the recession has started within one quarter, and confirmation of when it has ended within three to four quarters.