The Need For Longer-Dated US Debt

Edge Perspectives

Edge Capital publishes research on subjects covering asset allocation strategies, thought leading perspectives on market events, and new investment opportunities for our clients. Our research reports are designed to enhance knowledge and understanding of the markets and to provide a macro outlook. Please feel free to reach out via email at research@edgecappartners.com to discuss any of the views presented here.

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The Need For Longer-Dated US Debt

For the last several years, historically low interest rates have provided the US government an attractive option to extend the average maturity of US Treasury obligations, saving taxpayers billions of dollars.

Hoping For A Gift That Keeps Giving

It’s a gift. Just a little extra before the start of the New Year.

Men-Ew-Chin

In case you were wondering, that is how you pronounce the last name of President-elect’s pick for the U.S. Treasury post.

We Give Thanks For Much

We give thanks for much including a parking spot at the mall.

The Greenback Is Rising!

The US Dollar is reaching levels last seen at the end of 2002.

Landing On Your Feet When The World Seems Upside Down

Is the world upside down?

Election Commentary

Once again, the people have spoken and the voices of America have decided on a new President.

Election Update

We participated in an election update conference call this morning with Dan Clinton, Strategas’ Head of Political Research, and David Wasserman, the House Editor for The Cook Political Report. Read more about what Dan Clinton and David Wasserman had to say on the upcoming election.

Autonomous Vehicles Impacting You

Summary A week ago we touch on the impact of autonomous vehicles. It’s a world of possibility out there. We have to keep both our eyes…

Q4 2016 Quarterly Outlook

The Wall Street expression that “markets climb a wall of worry” was certainly true during the third quarter. Despite Brexit, the opening of a contentious U.S. presidential election, a spike in interest rates, scattered police and racial violence, and another quarter of negative earnings growth, broad equity markets turned in one of the stronger third quarter performances in recent years.

It’s a World of Possibility Out There

It’s a world of possibility out there. We have to keep both our eyes and our minds open for it.

What Is Up With Libor?

Money market reform has caused a significant shift in buyer demand for short-term capital.

The Pound Takes a Dive When the Water Level Was Low

Liquidity, liquidity everywhere except for the foreign exchange market in Asian trading hours overnight. That might seem like an obscure statement, but it has market moving consequences when combined with computer-driven trading programs.

OPEC Makes A Deal To Make A Deal

This week OPEC surprised markets by taking action, supposedly. Reports indicate that a production cap has been set at 32.5mm barrels of production from the cartel responsible for about 40% of global supply.

It’s The End Of QE As We Know It… In Japan.

With all the Fed chatter, not much has been said about the communication from the Bank of Japan (BoJ) this week.

The Fed Extends And Pretends

Today’s decision puts the U.S. Federal Reserve clearly in the “extend and pretend” camp.

Are We There Yet?

The market sits and waits for next week as the Fed meeting approaches. Will they or won’t they?

Is The Kitchen Still Open For Policy Support?

Rhetoric continues to indicate that policymakers are trying to serve up economic growth on a plate and convince the markets that the kitchen is still open.

Treasury Prompts Planning Opportunity

The past month has brought about a number of concerns from those in the estate planning world after the Treasury Department released new proposed regulations for Section 2704 of the Internal Revenue Code.

Guessing Games Are Every Economist’s Cup of Tea

It seems that guessing games are every economist’s cup of tea these days.

Meet Me In The Middle

An analysis released this week by the Federal Reserve Bank of New York indicated that middle income jobs (those paying between $30,000 and $60,000 per year) are finally being created.

Emerging Market Stocks Are Taking The Gold

…for the first time in a while.

The Bank of England cuts, Europe hovers, and the U.S. gets to work.

Is the divergence getting even greater? This week, the Bank of England (BoE) responded as expected with additional support after the Brexit vote in June weakened their economic stability.

We Need A Little More Pep In Our Economic Step!

The first release of estimates for second quarter economic growth was made in both the US and Euro-area, both to the disappointing side.

Higher Growth Doesn’t Always Mean Higher Returns

Recent fears regarding Brexit and its potentially detrimental impact on economic growth have market prognosticators worried about the resulting side effects on financial markets.

Q3 2016 Quarterly Outlook

It seems like the investor thirst for yield is unending.

If You Miss A Day, You Can Miss A Lot

Every day this week had a top headline that is directly relevant to the market narrative at hand- some positive, some tragic.

Does It Count?

What would appear to be a “blowout” employment report in the US on Friday created a favorable environment for risk assets, but carried with it a footnote.

Don’t Delude Yourself

The story does not end here. After the tumult unleashed last Friday with the UK referendum indicating a desire to exit from the European Union, the financial markets experienced more gyrations.

Money Market Funds Under Fire

Money market funds (MMFs) remain under fire as they try to maintain their role in the liquidity markets.

Early Thoughts After The UK Referendum

It is not often that financial markets are so dramatically wrong about a potential outcome.

“Should I Stay Or Should I Go Now?”

…. If I go there will be trouble, and if I stay it will be double.” The lyrics from this aptly named song “Should I Stay or Should I Go” released in 1982 by the English rock band The Clash might as well be the theme of the markets this week.

Twitter Can’t Pay For That Kind of Advertising

You know we are in a different media world when newspapers and television news channels alike are filling their content void with discussion on this week’s iconic tweets.

People Are People

We all know that people (and markets) tend to have short memories and, thus, repeat the mistakes of the past. But are we already back there again?

Millennials’ Health and Wellness Tastes

Have you been to the grocery store lately? Do the items on the shelves seem to be part of some large, elaborate hoax?

It’s Been A Crude Story This Week

Oil prices hit the $50 mark after almost doubling from near $27 per barrel earlier this year in February.

Boo! Yellen spooks the bond market

The US Fed spooked markets a bit this week when the minutes from their latest meeting suggested that perhaps June is on the table for the next Fed hike.

The Best Way To Predict The Future Is To Invent It

Jobs in America are evolving before our eyes.

America has got gas. Lots of it.

According to the most recent U.S. Energy Information Administration (EIA), natural gas inventories were 49% higher than a year earlier and 47% higher than the previous five year (2011-2015) average.

Bland May Be Best, For Now.

Does the market think bland is best?