Stocks have not been the only asset class to bounce back since mid-February. High-yield bonds have also made a rapid recovery.
Stocks have not been the only asset class to bounce back since mid-February, high yield bonds have also made a rapid recovery.
Don't be fooled by a Dow over 18,000, says David Wright, portfolio manager for the Sierra Strategic Income Fund.
The Dow Jones Industrial Average may be back above 18,000, but the bell weather equity index does not reflect the true problems underlying the economy.
The Barclay's U.S. Aggregate bond index was up three percent in the first quarter after a flat 2015.
The U.S. territory's leaders could go a long way toward reducing skepticism in Congress by purging the overt corruption and fiscal mismanagement that has marred the government for a decade.
Many of the same macro factors that supported the muni market in 2015 like modest inflation, manageable supply and consistent demand will continue throughout 2016.