Financial Industry Insights from Advisors Asset Management

Content Type
April 25, 2017
The French Connection By : Matt Lloyd With the markets relieved about the two choices in the final election in France offering a moderate selection rather than a dynamic binary choice, we have moved back to the “concern du jour.”
March 14, 2017
The Decline of Market Volatility By : Chris Vandiver, CFA Where is the volatility? If I asked you to give me a list of what’s happening in the news, I would bet three out of five headlines you give me will be negative events.
February 21, 2017
AAM Viewpoints – Think Twice Before Abandoning Fixed Income By : JB Golden, CFA The sharp move up in rates after the November U.S. presidential election reminded fixed income investors of the risks associated with bonds in a rising rate environment. With prospects for more inflationary fiscal policy under the Trump administration, the U.S. 10-Year Treasury began a sell-off in early November 2016 moving from 1.75% to 2.60% by mid-December.
February 15, 2017
The “I’s” Have It Series – Inflation By : Matt Lloyd The last in “The ‘I’s’ Have It Series” is perhaps the most influential to investors…inflation. The rising trend that has been in place for some time but suddenly “got lit.” More importantly, it was ignored for some time even though the signals were flashing an increasing challenge to the Federal Reserve and the markets in general.
February 08, 2017
The “I’s” Have It Series – Income Taxes By : Matt Lloyd One large expectation with the new administration is the cut in individual and corporate income taxes. Now that we are roughly three weeks into the new administration, there are already those who are clamoring for the details of the policy while the new administration is extending the period with which they are saying a new policy may come into action.
February 02, 2017
The "I’s" Have It Series – International By : Matt Lloyd The potential and promise of global economic increases has been in holding pattern for the last few years. The MSCI World, excluding the United States, has had a total return of -6.09% over the last few years with the 2016 return looking to be slightly positive. The way things stacked up toward the end of last year we are seeing some rare territory for the global equity markets, not including the United States.
February 01, 2017
HIMCO Market Updates By : Hartford Investment Management Co The municipal market ended the 4th quarter with a strong December, but it was not enough to offset the severe rate selloff and spread widening in November following Trump’s election victory.
January 25, 2017
The “I’s” Have It Series – Interest Rates By : Matt Lloyd The direction predicted for many years appears to be lifting off, though the trajectory and whether escape velocity can be achieved are two important questions. Rates need to be reviewed on a Federal Reserve and broad-based central bank perspective as well as the market rates from debt to credit issued to consumers and businesses.
January 24, 2017
HIMCO’s 4th Quarter Review & 2017 Outlook By : Hartford Investment Management Co For most of 2016, financial markets were heavily influenced by developments overseas leading up to the election. Coming into the year, investors focused on weak growth and currency concerns in China and the sharp fall in oil prices.
January 19, 2017
The “I’s” Have It Series – Indicators By : Matt Lloyd In our 2017 Investment Outlook, “The I’s Have It,” we denoted several key areas to focus on. While we made the case for each “I” there was more detail into each section that we felt deserved a bit more explanation.
January 18, 2017
Trump Tantrum & the Municipal Market By : Jonathan Law The fourth quarter’s post-election “Trump Tantrum” produced one of the most volatile periods for the municipal market in the last decade.
January 11, 2017
Outlook for 2017 By : Peroni Portfolio Advisors The DJIA could reach 22,000 in 2017 before a greater-than-10% retreat unfolds. Although the stock market surged higher following the November elections, it is not seriously overbought as the New Year begins.
January 09, 2017
2017 Investment Outlook By : Matt Lloyd The last year had a bit of everything for everyone. It was a microcosm of what the markets, economies and politics have seen over the last 10 years packed into 12 months.
December 05, 2016
AAM Viewpoints – Multi-Year Trend Lines Broken By : Scott Colyer Looking back at market occurrences since the U.S. presidential election, one has to be impressed at the prolific strength in the equity market, as well as the rise in yields (drop in price) of the bond market.
December 02, 2016
Municipal Yields Revisit November 2015 Highs By : Jonathan Law By now, it should be no surprise that President-elect Donald Trump’s pro-growth and reflationary fiscal policies have caused great stress on the fixed income universe.
November 30, 2016
November Macro Insights By : Hartford Investment Management Co 2016 will be remembered as the year when the impossible was made possible, such as the U.K. “Brexit” vote in late June and the recent U.S. presidential election of Donald Trump this month.
November 16, 2016
Trump Presidency and Municipal Bonds By : Christopher M. Brigati Unsurprisingly, there have been a lot of questions and speculation about the impact of the Trump Presidency and his tax plan upon the municipal market. Specifically, what effect does lowering the highest federal tax bracket from 39.6% to 33% have upon municipal investors?
November 14, 2016
Tax Swaps - It’s Never Too Early…. By : Christopher M. Brigati If history is any guide – which it usually is – we can expect an increased volume of investors looking to sell bonds as we approach the end of the year.
November 09, 2016
Is Today’s Market Reaction to the Election Results an Opportunity for Tomorrow? By : Matt Lloyd With the historic election results and overwhelming level of surprise, it’s no wonder that the markets have followed the headlines and rhetoric over the last few months with its volatility and shocking reaction.
November 08, 2016
Rothschild November Monthly Letter By : Rothschild Asset Management After several disappointing quarters, the global economy stabilized in Q3 (3rd quarter of 2016) and October surveys are showing positive momentum carrying into the current quarter.

Effective, June 10, 2016, please note that Gene Peroni left Advisors Asset Management (AAM) to become President of Peroni Portfolio Advisors, Inc. Peroni Portfolio Advisors, Inc. ("PPA") is an investment advisor independent of AAM.