Sage Advisory

Commentary

Growth Concerns Shift Stock and Bond Correlation
by Sage Advisory, 3/6/25

High fiscal deficits from tax cuts and tariffs raised concerns about inflation. However, markets have since shifted their focus.
Commentary

Why Would the Fed Pause QT?
by Sage Advisory, 2/26/25

In this post we attempt to demystify the mechanics and implications behind why the Fed is considering pausing its QT program.
Commentary

The Power of Trade: Why the U.S. Uses Tariffs as a Negotiation Tool
by Sage Advisory, 2/13/25

A closer look at the broader landscape reveals why the United States remains positioned to pursue a strategy of tariffs.
Commentary

Securitizing AI: The Role of Data Center ABS & CMBS
by Sage Advisory, 2/11/25

Consider gaining AI market exposure through data center ABS (asset-backed securities) and CMBS (commercial mortgage-backed securities).
Commentary

High Rates, Tight Supply: Housing’s 2025 Balancing Act
by Sage Advisory, 1/16/25

The US housing market faces a delicate balancing act in 2025, influenced by effects of the pandemic and persistently high mortgage rates.
Commentary

Notes From the Desk: The Starting Line for the US Yield Curve
by Sage Advisory, 1/9/25

Two key components drive the shape of the yield curve: expectations for the short-term interest rate and expectations for the term premium.
Commentary

Notes From the Desk: The Starting Line for the US Yield Curve
by Sage Advisory, 1/7/25

Two key components drive the shape of the yield curve: expectations for the short-term interest rate and expectations for the term premium.
Commentary

Notes From the Desk: Fixed Income Year in Review
by Sage Advisory, 12/22/24

As the year comes to a close, we revisit some of the key market themes and moves for 2024 and the year ahead.
Commentary

Notes from the Desk: 3 Questions for 2025
by Team of Sage Advisory, 12/13/24

Fixed income markets face key questions that will shape their direction in 2025. This post explores these questions & their potential impact.
Commentary

Notes From the Desk: Red-Wave Recalibration: Navigating the Post-Election Market Shift
by Team of Sage Advisory, 11/13/24

With a "Red Sweep" in Washington likely, markets are now pricing in a more aggressive policy agenda.
Commentary

Notes From the Desk: The State of the US Consumer
by Team of Sage Advisory, 10/22/24

The cautiously optimistic American consumer braces for financial strain as inflation and debt delinquencies are expected to rise.
Commentary

Notes From the Desk: Inflation Expectations Rising But Shouldn't Derail Fed Cuts
by Team of Sage Advisory, 10/19/24

Economic data releases have surprised to the upside in recent weeks, but inflation does not remain a threat right now.
Commentary

Notes from the Desk: Yields Rise as Strong Labor Markets, "Goldilocks" Economy in Focus
by Team of Sage Advisory, 10/11/24

Long-term US Treasury yields rose last week as investors digested mixed economic data that reinforced the idea of a "Goldilocks" economy.
Commentary

Easing Into a Solid Economy
by Team of Sage Advisory, 10/2/24

Financial conditions are a collection of asset prices and interest rates that have the potential to affect the real economy.
Commentary

Is the Labor Market Weak Enough to Warrant a 50 Basis Point Fed Cut?
by Team of Sage Advisory, 9/13/24

Last week, the labor data showed a weakening labor market, but didn't give clear signals for the Fed to cut rates by 50 bp at the next FOMC.
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