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Looking ahead to 2016

The economic events of 2015 will come to bear on the global playing field this year

Corporate bonds, both investment grade and high yield globally, have been lagging the sovereign indexes for the past six-plus months. We expect this to continue in the near term as markets grapple with the perceived pace of Fed tightening.

"An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living."
- Nicolas Chamfort (1741-1794)

FOR all that happened in 2015, one has to wonder if it will be lost...

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