“Singles Day”, Big Beer, Crude Oil, and more…

This week, we’re starting and ending with China as there was some big retail news there and a development that may warrant a short-term “volatility alert”… “Singles Day” Underscores China’s Resilience – for all the headlines warning of a weakening China, its retail sector proved otherwise on Wednesday. For China, “Singles Day” has turned into […]

How Does an SMA Work?

Salsbury Cove, ME asks…How Does an SMA Work? This is one of those questions we answer frequently — glad you asked! “SMA” stands for Separately Managed Account, and it refers to a portfolio of assets managed by an advisor or a money management firm. Perhaps the easiest way to understand SMAs is to think of […]

Corporate Debt Sends Signal to Investors

There was a tinge of nervousness in corporate debt markets toward the end of September when investment-grade companies sold just $105 billion of new debt. Sounds like a big number, but it marked a 20%+ decline from a year earlier and was the weakest September in four years (September is historically a strong month for […]