by John Hallacy | Jun 6, 2023 | Articles
Issuance Waiting Game Now that you have taken some gains in your AI focused equities, there always remains the consideration of where to reinvest the gains. Municipals are always a good option. The challenge is the new issue market is not minting as much supply as it...
by John Hallacy | May 19, 2023 | Articles
Disruptive Factors There are many factors unfolding that have disruptive elements associated with them. The recent CPI turned out to be not one of them. The monthly increase in the CPI was 0.4% and the y.o.y. result was 4.9% NSA. So, we had a tick down in the y.o.y....
by John Hallacy | Apr 27, 2023 | Articles
The fixed income markets continue to be functioning very well despite all the many present challenges. Many are perceiving angst about what is to unfold. Rates and the Fed are the primary preoccupations. But other topics are also in the forefront, including dealing...
by John Hallacy | Mar 20, 2023 | Articles
Lessons Learned We have been through many crises over the years and no two are exactly the same. SVB and Signature banks have fact patterns that are quite different. Neither case had a lot to do with the health of the economy. Perhaps, the slowing of real estate...
by John Hallacy | Mar 6, 2023 | Articles
Renewed Focus There have been times last year when municipals were hardly mentioned in the financial press. The action in equities overwhelmed commentary about other asset classes at that time. There has been a sharp change. Now municipals and all of fixed income are...
by John Hallacy | Jan 18, 2023 | Articles
Most Important Factors for 2023 Market activity was greatly influenced by macro factors last year and will continue into this year. We all are inclined to take up the art of soothsaying this time of year. We feel a certain kind of pressure to review the recently...
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