Fixed income remains our asset class of choice. With the Fed signaling its willingness to unleash QEII and a faltering growth outlook, Treasuries, we suspect will remain underpinned at the current low yields. With sound credit fundamentals, credit should continue to provide attractive yield. That said, with yields now at historic lows and spreads not too far from historic averages, the outsized returns from fixed income will be increasingly limited going forward. Download Full Commmentary Here Get Free Research Reports about Allegiance Capital [+] Read More

That's not my quote; that comes from the Oracle of Omaha. At an economic development summit in Montana on Monday, Warren Buffett said business at all his firm's diverse businesses is on the rise. His comments fit with much of the recent economic data that has been pouring in, including some this week (see below). Download Full Commmentary Here Get Free Research Reports about Federated Investors Inc [+] Read More

While our belief continues to be that a double-dip scenario is unlikely, we think the odds that we may be headed back into recession have increased ever so slightly. In our opinion the economy is moving along at a rate of growth akin to stall speed, an aeronautical concept that describes the speed below which an airplane cannot create enough lift to sustain its weight. The longer our economy proceeds at this low level of growth, the greater the chances in our view that some exogenous factor or event could be enough of a headwind to push the economy into recession. Download Full Commmentary Here [+] Read More

Much of the regulation's implementation has been left to regulators, which limits the ability to quantify its overall effects. While there isn't full clarity at this point, it is important to recognize that this is one of the largest pieces of financial legislation in the last 100 years, and the most significant since the 1930s. While politics are inherently messy, we think this reform is a step in the right direction for the health of the U.S. banking system's long-term profitability, as well as for the overall economic growth of America. Download Full Commmentary Here Get Free Research Reports about Janus Capital Management LLC [+] Read More

The first half of 2010 was mired with inconsistencies. The markets rallied to new recovery highs only to fall back to fourth quarter levels as uncertainly about the recovery and fears of the debt problems in Europe were said to be spreading. The reality is the markets finished the quarter about 12% above last years Q2 close, even after digesting most of the bad news. Download Full Commmentary Here [+] Read More

The US economic rebound has been relatively modest, in contrast with previous recoveries from deep recessions. Although the initial stage of recovery was sparked by a new mix of growth drivers, led by exports, we believe that a sustainable cycle will require broader contributions from domestic sectors as well. Download Full Commmentary Here Get Free Research Reports about AllianceBernstein LP [+] Read More

Simon Baker and King Lip, of Baker Avenue Asset Management, were recently interviewed by CNBC regarding their All Cap Core strategy. The central premise of the buy and hold strategy, how it ignores the changes in risk in the market, and the dynamic approach of capturing the upside and protecting the downside, were the main themes discussed. Access the entire Baker Avenue Asset Management interview here. Get Free Research Reports about Baker Avenue Asset Management [+] Read More

In this period of heightened market volatility, Abner Herrman continues to monitor short term price fluctuations, but their overall strategy is focused on the long term. Their overall economic and investment outlook going forward is one of moderate growth and low inflation, with higher than normal levels of unemployment. Abner Herrman continues to search for those companies who have strong management and new products and can be industry leaders in this environment. Download Full Commmentary Here [+] Read More

The significant investment decision of the moment is to not allow the "Secular" to overwhelm the "Cyclical" and turn you from a "Bull" to a "Bear" when investing in the current market. While the economic news coming from the popular financial press continues to be bleak, in April the United States stock market was up for the twelfth time in the past fourteen months. How can that be? For a number of years we have communicated our research studies on two types of Stock Market cycles that impact the risks for investors, the "Secular" (longer term, 30 to 40 years) and the "Cyclical" (shorter term, 3 to 5 years). Download Churchill’s Full Commentary Here Get Free Research Reports about Churchill Management Group [+] Read More