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Like The Coronavirus, The Stock Market Correction Is A New Strain

February 28, 2020

by Neil Azous, Chief Investment Officer Our Stock Market Correction Framework All Corrections Type 1 – Correction Type 2 - Correction Current Correction “A Different Strain” What... Continue Reading →

Coronavirus To Trigger Fed To Declare Force Majeure On Rate Pause

February 18, 2020

by Neil Azous, Chief Investment Officer CEF Federal Reserve – Our Track Record Our Approach to the Federal Reserve is Model Driven What Is Our Super-Forecasting Model Saying Currently? FOMC... Continue Reading →

Our Investment “Quilt” For 2020 is Sewn with Diversification

January 29, 2020

by Neil Azous, Chief Investment Officer   The Callan Periodic Table of Investment Returns depicts annual returns for 10 asset classes, ranked from best to worst performance for each calendar year. Each... Continue Reading →

Gold Is Not the Portfolio Diversifier You Are Looking For

October 18, 2019

by Neil Azous, Chief Investment Officer   Summary Background Gold Is Not the Portfolio Diversifier You Are Looking For Conclusion   Background Let me be clear at the outset - I have no... Continue Reading →

Fed Cutting Cycle – The Next Evolution

September 25, 2019

by Neil Azous, Chief Investment Officer   Summary Taking Stock Mid-Cycle Adjustment a False Narrative The Next Evolution Where Does This End? What Does This Mean For Your... Continue Reading →

The Case for Switching to Municipal Bond Closed-End Funds from Cash Municipal Bonds

July 03, 2019

by Neil Azous, Chief Investment Officer Summary The Starting Point – Discounts in the Municipal Bond CEF Universe Remain in the Top 10% of History Municipal Bond Closed-End Funds Outperform Municipal... Continue Reading →

Fed Cutting Cycle – Our View Is Crystallized

May 31, 2019

by Neil Azous, Chief Investment Officer   Summary Taking Stock Eurodollars – The End of the Cutting Cycle Observed The Next Seven Months Multi-Asset Framework Supports What is Being Priced... Continue Reading →

Mortgage REIT’s – Leveraging The Path To Lower Interest Rates

March 12, 2019

by Neil Azous, Chief Investment Officer   Consistent with the themes laid out in our recent post “The New Narrative For Lower Interest Rates,” we believe that including assets that have positive carry... Continue Reading →

The New Narrative For Lower Interest Rates

February 19, 2019

by Neil Azous, Chief Investment Officer   Summary Taking Stock A Model Driven Approach To The Federal Reserve What Does Rareview Capital Think? What Does This Mean For Your Portfolio?... Continue Reading →

Closed-End Fund Outlook – Tapping You On The Shoulder

January 17, 2019

by Neil Azous, Chief Investment Officer   Last year, nearly every asset class fell, with many experiencing a bear market decline of more than 20%. The damage done to closed-end funds was significant,... Continue Reading →