With the energy markets once again taking a turn downward, we are seeing concern for the high yield market again escalating and talk of a spike in default rates heating up.  Yes, the energy industry does make up a large …

It has been a tumultuous couple months in the high yield market. Since the first of June, we’ve seen spreads in the high yield market widen 75bps, putting them now solidly above historical median levels.1 We are also now sitting …

In like a lamb, out like a lion seems to be an accurate description of the first half of 2015. As we sit in the second week of July, Greece and China have changed investor psychology (risk-off). The overall deflationary …

We, like the vast majority, were surprised by the swiftness and severity of the decline in oil prices in late 2014 and into early 2015. As we re-evaluated our holdings several months ago at the oil pricing reality in the …

We often hear the word “bubble” thrown around when people are taking about various financial markets, asset classes, and sectors. But just what does the word really mean? In looking at the various definitions of an economic or speculative “bubble” …