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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 →

Yield Curve Inversion – What Does It Mean For Your Portfolio Right Now

September 05, 2018

by Neil Azous, Chief Investment Officer   Taking Stock On Monday, March 12th, we wrote a blog post titled: “Why We Are Still Not Afraid of Higher Yields.” On Friday, March 9th, the 10-year US... Continue Reading →

A Way to Participate In The Equity Market With Reduced Risk

June 21, 2018

by Neil Azous, Chief Investment Officer   As a long-time derivative specialist, I believe that equity volatility is driven by two key variables, one technical and one fundamental. Technically, equity... Continue Reading →

Closed-End Fund Outlook – Sector Analysis – Municipal Bonds

March 13, 2018

by Neil Azous, Chief Investment Officer   Summary Potential Benefit of a Municipal Bond Closed-End Fund Discounted Yield Municipal Bond Closed-End Funds Discounts At Widest Levels Of This Cycle... Continue Reading →