Our Market Optics chartbook contains data-driven insights that power our portfolio management teams’ views, ideas, and decisions. Each week, we’ll take a look a closer look at one of the charts.
Every Friday, Brian Jacobsen provides perspective on key events and topics of the current week and his thoughts about what the week ahead may hold. Here’s his report for the week of August 29–September 4, 2020. Plus: Since we’ve just started a new month, there’s a quick recap of the big stories from August.
In today’s podcast, we will speak with Robert Gruendyke, Senior Portfolio Manager for the Heritage Growth Equity team at Wells Fargo Asset Management (WFAM), about whether or not the stock market is looking like the internet bubble. We’ll focus on growth stocks, the concentration of the big five internet stocks, and where we see resilient growth companies.
Every Friday, Brian Jacobsen provides perspective on key events and topics of the current week and his thoughts about what the week ahead may hold. Here’s his report for the week of August 22–28, 2020.
- Each market disruption provides the opportunity for companies to bring future demand forward and accelerate adoption of new technologies.
- Businesses benefiting from secular growth trends have shown greater resiliency, leading to strong outperformance by growth stocks in the first half of 2020.
- In our view, long-term success for growth managers requires an effective valuation framework, balance in portfolio construction, and a sharp focus on execution—including when to sell.
Investors looking for tax-exempt income in the municipal fixed-income markets are in a tough bind these days. Highly rated bonds, with very high prices and correspondingly low yields, are “priced for perfection.” Lower-rated bonds, from which investors may be able to source slightly more attractive yields, may be under more credit risk pressure given the pandemic and recession in the United States. The combination of low nominal yields and increasing credit risk puts municipal fixed-income investors in a challenging position.
Today’s podcast features a discussion about income. What it is, where to find it in today’s low-yield world, and how different fixed-income strategies can be used by investors. To discuss, we’re talking with George Bory, Managing Director and Head of Fixed Income Strategy and Product Specialists at Wells Fargo Asset Management.