Skip to content
Investment Perspective · 02.16.24

The Pause That Refreshes?

The unexpected acceleration of the U.S. economy in 2023 and the recent pause in interest rate cuts has reshaped our Fed outlook, suggesting a strategic tilt toward high yield bonds in today’s evolving market.
  • Portfolio Construction
  • Fixed Income Insights
  • High Yield
  • Risk management
Key Points
What it is
We detail our strategic shift toward high yield bonds and cautious equity positioning as economic growth surprises and Fed policy expectations adjust.
Why it matters
Accelerated U.S. economic growth and the recent pause in rate cuts highlight the importance of adaptable investment strategies in a complex global market.
Where it's going
We maintain a cautious stance on equities, favoring high yields bonds, as we anticipate moderated growth and central bank policies to influence dynamics in 2024.
Main Point

High Yield Bonds in Focus

The surprise acceleration of the U.S. economy in 2023 has shifted expectations for the Federal Reserve’s policy, highlighting the appeal of high yields for investors. Amidst this backdrop, our analysis suggests a cautious approach and an emphasis on high yield bonds, given the uncertain economic outlook.

Point of View

Why High Yield Bonds Could Benefit Portfolios in 2024

  • Read Now

Contact Us

Interested in learning more about our expertise and how we can help?