Research
In-depth investment research and commentary from Litman Gregory and our Research Alliance
Central Banks Throw Yield Curve Balls at Equity, Bond Markets—Thornburg
If the Bank of Japan, Federal Reserve and European Central Bank are enticing investors to swing for the fences with low or negative rates, focusing on t...
The Bank of Japan’s “Hotel California” Monetary Policy—Thornburg
The Fed should soberly assess the addictive effects of zero-bound benchmark rates and yield curve control. “Like financial heroin … you always need one ...
When Municipal Bonds Show Their Wild Side—Thornburg
Bottom-up credit research within a flexible, laddered municipal bond strategy can help tame interest-rate risk and capitalize on market volatility to pr...
Are Municipal Market Investors Misreading the Fed’s Support?—Thornburg
The Fed's actions have suppressed yields and emboldened municipal bond investors to take more risk than they may realize.
Artisan Partners Investor Update Replays—Second Quarter 2020
Replays of Artisan Partners' most recent investor updates.
Why Good Credit Managers Like This Bifurcated Market—Thornburg
Federal Reserve’s liquidity bazooka ended the “doom loop” of lower funding market values and forced selling. But liquidity-driven euphoria creates a dis...
Another Muni Bond Project Defaults…—Thornburg
The low interest rate environment from COVID-19-related rate cuts is inciting municipal bond investors and funds to seek risky yields.
A Macroeconomic Snapshot from an Active Management Shop—Thornburg
Thornburg’s investment team keeps an eye on the macro but focuses squarely on the fundamentals and portfolio fit of each stock and bond selected. This J...
China Matters More Than Ever—Guggenheim Investments
Cooperation and understanding between China and United States is vital as global economic and environmental challenges mount.
Steepening the (Adoption) Curve: Covid-19 and Digital Transformation—Osterweis
In the era of social distancing, technology has become even more integrated into our personal and professional lives. We believe this trend will persist...
A Payroll Tax Holiday Will Put the U.S. Back to Work—Guggenheim Investments
The pandemic creates a good opportunity to make Social Security more sustainable.
How Sustainable Is the Market & Economic Recovery?
We think there is a reasonable case to be made that the market/economic rebound is broadly sustainable.
Is It Safe Yet?—Osterweis
While it appears we have averted the worst pandemic outcomes so far, a resurgence in recently reopened states shows that we are not yet out of the woods.
Fortuna Redux—Osterweis
Fortuna Redux was the Roman Goddess of Luck, who oversaw the safe return of travelers from long and perilous journeys. Given the pandemic’s societal and...
Osterweis Capital Management Second Quarter 2020 Equity Outlook
Osterweis Capital Managment's quarterly equity outlook
Osterweis Strategic Income Fund Q2 2020 Advisor Teleconference—REPLAY
If you missed the Osterweis Strategic Income Fund quarterly update teleconference, you can listen to the replay.
Osterweis Fund and Osterweis Strategic Investment Fund Q2 2020 Advisor Webinar—REPLAY
If you missed the Osterweis Fund and Osterweis Strategic Investment Fund quarterly update webinar, you can listen to the replay.
Second Quarter 2020 Research Webinar Replay
Watch a replay of our second quarter 2020 Litman Gregory research team webinar. Topics covered (among others): the economic recovery, a declining U.S. d...
Baron Funds 2Q20 Quarterly Letters
Read quarterly letters from Chairman & CEO Ron Baron, President and COO Linda Martinson, and all our portfolio managers to learn more about the Firm, Fu...