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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 →

Why We Are Still Not Afraid Of Higher Yields

March 12, 2018

by Neil Azous, Chief Investment Officer   Summary The Current Market Mind Map Where We Are At In The Interest Rate Hiking Cycle What Is Our Federal Reserve Model Saying? What Does Rareview... Continue Reading →

Closed-End Fund Outlook – Volume 4

November 08, 2017

by Neil Azous, Chief Investment Officer   Summary What Interest Rate Volatility Is Saying Where We Are At In The Interest Rate Hiking Cycle What Is Our Federal Reserve Model Saying? Potential... Continue Reading →

Investing During the Specter of War

October 24, 2017

by Neil Azous, Chief Investment Officer   Summary Human emotion is a dominant factor when making investment decisions. This is especially true regarding military conflict, including the specter of war... Continue Reading →

Closed-End Fund Outlook – Volume 3

September 05, 2017

by Neil Azous, Chief Investment Officer   Summary US dollar weakness is #1 theme for investors ABC Interest rates to remain contained outside of fiscal success ABC Emerging over developed... Continue Reading →

Closed-End Fund Outlook – Volume 2

July 19, 2017

by Neil Azous, Chief Investment Officer   Summary US bond market agnostic to whether Fed raises interest rates this year or doesn’t ABC Emerging over developed markets; bias to local currency... Continue Reading →

Why We Are Not Afraid Of Higher Yields

June 08, 2017

by Neil Azous, Chief Investment Officer   Summary The response to the buildup of the Federal Reserve’s balance sheet – aka Quantitative Easing – provides a road map for the response to the... Continue Reading →

Closed-End Fund Outlook – Volume 1

May 23, 2017

by Neil Azous, Chief Investment Officer   Our outlook for the broad market and the closed-end fund universe is the most uneven it has been this year. Regarding the closed-end fund universe, because... Continue Reading →