In November, municipal bonds gained 6.35%, their best single month since August 1982. In January, munis posted a loss of 1.05%.
Frequent market gyrations are A-OK with bit asset managers.
The end of the low interest-rate era has coincided with both the public and corporate sectors pulling back on efforts to be virtuous.
Macro strategist David Ader shares his insights regarding the reality of deficits, the end of quantitative easing, the yield curve and more.
Balanced portfolio construction will likely prove fruitful in 2024.