Asset Allocation Reports

Asset Allocation Bi-Weekly – The Fed’s Other Policy Tool (March 18, 2024)

by the Asset Allocation Committee | PDF While the Federal Reserve’s dual mandate focuses on achieving maximum employment and stable prices, managing long-term interest rates has also played a significant role since the enactment of the Federal Reserve Act in 1977.[1] Recent actions have raised questions about the Fed potentially anchoring the 10-year Treasury yield… Read More »

Asset Allocation Bi-Weekly – Uranium Demand, Supply, and Investment Prospects (March 4, 2024)

by the Asset Allocation Committee | PDF In an important adjustment to our Asset Allocation strategies last October, we introduced an exchange-traded fund focused on uranium producers into our mid-cap equity exposure.  At the time, we noted in our Asset Allocation Quarterly that the move aimed to take advantage of government policies around the world… Read More »

Asset Allocation Bi-Weekly – Who Wants US Treasurys? (February 20, 2024)

by the Asset Allocation Committee | PDF Before August 2023, the Treasury’s quarterly refunding rarely raised eyebrows. Investors readily snapped up US debt, and announcements were largely ignored by markets. However, Fitch Ratings’ surprise downgrade of the US credit rating from AAA to AA that month, just days after a $6 billion increase in the… Read More »

Asset Allocation Bi-Weekly – U.S. Oil Production at a Record High (February 5, 2024)

by the Asset Allocation Committee | PDF These days, because investors have so many different assets to buy in so many different financial markets, it can be easy to miss an important trend or change in trend.  Indeed, that seems to be the case with crude oil, where the long stagnation in U.S. output after… Read More »

Asset Allocation Quarterly (First Quarter 2024)

by the Asset Allocation Committee | PDF The likelihood of a recession occurring during our forecast period has declined. Domestic economic growth should be robust over the forecast period, although momentum has slowed. Elevated geopolitical tensions and ambiguity related to the U.S. elections are likely to create volatility in the markets. Inflation volatility is likely… Read More »

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