Financial Professionals

Market Insights

Blogs

Joe Terranova
Vital Signs January 2015

12/29/2014

‘Tis the Season: Shopping for YE Opportunities in Closed-End Funds

12/12/2014
Discount shopping guide: Thomas J. Herzfeld Advisors highlights 3 seasonal opportunities in closed-end funds.

VirtusAlts
What are Liquid Real Assets?

12/9/2014
Cliffwater LLC explains how MLPs, REITs, and other real assets can diversify a traditional portfolio.

Duff & Phelps Investment Management Co.
A New Paradigm for Oil

12/4/2014
Duff & Phelps offers their views on the oil situation.

Joe Terranova
2015 Behavioral Finance

12/4/2014
Joe Terranova offers 10 behavioral finance themes to ponder at year-end.

Joe Terranova
SPX Earnings, Metrics, M&A

12/4/2014
Joe Terranova pulls together the latest SPX earnings, metrics, and M&A activity

Newfleet Asset Management
Oil Prices and the High Yield Market

12/4/2014
Newfleet offers their views on the oil situation.

Joe Terranova
Q1 2015 Commodities’ Impact

12/3/2014
Joe Terranova considers potential impact of commodities on the economy, asset classes, and sectors in Q1 2015.

Joe Terranova
Q1 2015 Emerging Markets

12/2/2014
7 reasons why Joe Terranova expects ‘modest improvement’ for EM assets in 2015.

Joe Terranova
2015 Consensus Views

12/2/2014
2015 Consensus Views: Joe Terranova shares 21 for investors to consider

Early Capital Gain distribution for select funds

11/28/2014

Joe Terranova
Vital Signs December 2014

11/26/2014

Euclid Advisors
TheStreet.com Video Interview

11/26/2014

Joe Terranova
OPEC Expectations

11/17/2014
Joe Terranova shares his expectations for this month’s OPEC meeting and the cartel’s future.

VirtusAlts
Does Long-Term Investing Reduce Risk?

11/17/2014
Ineichen Research & Management calls time diversification a ‘myth’ in its latest alternative investment paper written for Virtus.

Newfleet Asset Management
Another Fed-Led Emerging Markets Crisis Ahead?

11/13/2014
Six reasons why we don’t believe the Fed will cause another EM crisis.

VirtusAlts
Performance of Private versus Liquid Alternatives

11/13/2014
Performance of Private versus Liquid Alternatives: How Big a Difference?

Joe Terranova
Russian Headlines May Return

11/12/2014
Why worry about Russia? Joe Terranova shares concerns for potential impact to global risk assets.

Joe Terranova
Q3 S&P 500 Earnings Update

11/7/2014
Strong margin expansion a point of emphasis in Joe Terranova’s Q3 S&P 500 earnings roundup.

Joe Terranova
Elections Do Matter, Especially Japan’s

11/6/2014
Joe Terranova explains why elections matter to capital markets, especially Japan’s.

Kayne Anderson Rudnick Investment Management
Q3 2014 Review of the Small Cap Core Portfolio

11/6/2014

Kayne Anderson Rudnick Investment Management
Q3 2014 Review of the Small Cap Quality Value Portfolio

11/6/2014

Joe Terranova
Vital Signs November 2014

10/31/2014

Kayne Anderson Rudnick Investment Management
CIO Commentary on Recent Market Volatility

10/27/2014

Joe Terranova
Market Insights: Calendar Q3 Earnings Update

10/24/2014
SPX CQ3 Earnings and Global M&A Update – Joe Terranova’s data round-up through October 23.

Conversation with Vontobel on Global Equities

10/23/2014

Euclid Advisors
Perspective on International Equities

10/23/2014
Interview with portfolio manager Frederick Brimberg, Euclid Advisors offers perspective on international equities.

Duff & Phelps Investment Management Co.
Duff & Phelps Still Bullish on MLPs

10/21/2014
Duff & Phelps Select Energy MLP Fund managers are still bullish on MLPs despite recent sell-off; read the blog and Q&A.

Newfleet Asset Management
Interview with Dave Albrycht

10/21/2014

Joe Terranova
The Next Catalyst

10/17/2014
Joe Terranova’s thoughts on this week’s volatility and the next market.

Kayne Anderson Rudnick Investment Management
High Quality Stocks Improve in Q3

10/15/2014
Kayne Anderson Rudnick’s Q3 Market Review cites the rise of high quality stocks as high yield spreads widen.

Newfleet Asset Management
EM Debt Update: September Resets Valuations

10/8/2014
Newfleet’s monthly EM debt recap: September challenges create value in the sector.

Joe Terranova
U.S. 10-Year Treasury Yield Nears Low

10/7/2014
Joe Terranova contemplates the U.S. 10-year Treasury yield and the reality of the current rate environment.

Joe Terranova
The Most Important Vital Sign for Capital Markets

10/6/2014

VirtusAlts
Busting the Myth that Alternative Investments Are Risky

10/2/2014

Joe Terranova
“Into the Home Stretch” – Joe Terranova’s October Capital Markets Calendar

9/30/2014

Joe Terranova
Fed Taper Wasn’t a Tantrum After All

9/25/2014
“Fed Taper Wasn’t a Tantrum After All” – Joe Terranova’s offers his latest market insights.

Joe Terranova
Midtown Traffic

9/24/2014
What does Midtown traffic have in common with capital markets? Joe Terranova sees an analogy.

Joe Terranova
U.S. Dollar Rises Again This Week

9/19/2014
Which asset classes may be impacted by the rising U.S. dollar? Joe Terranova discusses market implications.

Duff & Phelps Investment Management Co.
After Kinder Morgan, What’s Next for MLPs?

9/18/2014
After Kinder Morgan, what’s next for MLPs? An interview with the managers of Duff & Phelps Select Energy MLP Fund Inc.

Newfleet Asset Management
The Newfleet Philosophy

9/16/2014
Newfleet’s cornerstone philosophy emphasizes relative value across the fixed income market.

Joe Terranova
Back to School Nights

9/12/2014
It’s back to school for Wall Street observes Joe Terranova in his assessment of this week’s markets and expectations for next week.

Newfleet Asset Management
Fed Funds Futures: Rate Hike Probability Moves Forward

9/12/2014
Newfleet blog highlights fed funds futures, rate hike probability.

Joe Terranova
School, Football, and D.C. are Back

9/5/2014
Joe Terranova offers market insights on the August jobs report, S&P technicals, and what’s ahead for next week.

Euclid Advisors
Cash Is Another Reason to Own Japan

9/3/2014
Why does Euclid Advisors feel good about Japanese equities?

Joe Terranova
Virtus Vital Signs: August ISM Manufacturing

9/2/2014
Joe Terranova comments on strong August ISM Manufacturing data.

Joe Terranova
"'Danger' or 'Exception'?" Joe Terranova's September Capital Markets Calendar

8/28/2014
Joe Terranova suggests some economic indicators to watch in September and why.

Newfleet Asset Management
EM Debt Summer Moderation, Still Strong YTD

8/25/2014
Newfleet offers a late summer update on the EM debt market.

Euclid Advisors
The ECB Has Our Back; What Exactly Does That Mean?

8/22/2014
The ECB has our back; what exactly does that mean? Euclid Advisors explains in their international equity blog.

VirtusAlts
Risk Assessment: New Normal →Old Normal Commentary

8/22/2014

VirtusAlts
Cliffwater 2014 Report on State Pension Asset Allocation and Performance

8/21/2014

Duff & Phelps Investment Management Co.
Essential Services Q3 Check-In

8/20/2014
Yellow light? Green light? Duff & Phelps offers its outlook on four essential services sectors for the 2nd half of 2014.

Kayne Anderson Rudnick Investment Management
Second Half Outlook for the Small Cap Quality Value Portfolio

8/20/2014

Kayne Anderson Rudnick Investment Management
Second Half Outlook for the Small Cap Core Portfolio

8/19/2014

Joe Terranova
You Are Not Mr. Buffett

8/18/2014
Joe Terranova is inspired by Warren Buffet and suggests how average investors may improve their investment outcome.

Joe Terranova
U.S. 10-Year Treasury Yields

8/15/2014

Kayne Anderson Rudnick Investment Management
Second Quarter 2014 – Market Review and Outlook

8/11/2014

Newfleet Asset Management
Bank Loan Market Update

8/11/2014
Newfleet blog update offers comments on the bank loan market, highlights strong fundamentals.

Joe Terranova
Calendar Q2 Earnings Update

8/8/2014
As of the close of business Thursday, August 7, 452 of S&P 500® Index (SPX) companies have reported calendar Q2 earnings.

Joe Terranova
Summer Slowdown

8/3/2014
Has the long-awaited market correction begun? Joe Terranova suggests watching these two indicators for guidance.

Joe Terranova
Joe Terranova’s August Capital Markets Calendar

7/31/2014
With volatility levels at multi-year lows, investors should feel comfortable heading for the beach to enjoy summer’s final weeks.

Joe Terranova
Calendar Q2 Earnings Update (as of 7/28/14)

7/29/2014

Joe Terranova
Thoughts on the WSJ CALPERS story

7/24/2014
Within the past 24 hours, The Wall Street Journal reported that the nearly $290 billion California Public Employees’ Retirement System (CALPERS) portfolio will reduce its exposure to hedge funds (alternatives) by 40%.

Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Mid-Year Equity Market Insights (Audio)

7/24/2014
Kayne Anderson Rudnick CIO Doug Foreman talks with Joe Terranova about opportunities in the equity markets – listen here.

Newfleet Asset Management
Newfleet Mid-Year Market Insights (Audio)

7/24/2014
Stephen Hooker, Newfleet’s head of foreign research, talks inflation, interest rates, and his biggest second half concern.

Newfleet Asset Management
Making Sense of Today’s Bank Loan Market

7/22/2014
Frank Ossino, Newfleet bank loan sector head, puts the sector into perspective including risk.

Joe Terranova
Revisiting My Nine Investment Themes

7/21/2014
What is Joe Terranova’s current view of nine investment themes he favored in December 2013?

Joe Terranova
Calendar Q2 Earnings Update

7/18/2014
S&P 500 CQ2 earnings from 82 companies to date, plus YTD M&A activity– Joe Terranova runs through the numbers.

Newfleet Asset Management
Newfleet Reaction to U.S. Sanctions on Russia

7/17/2014
Newfleet Asset Management comments on yesterday’s U.S. sanctions on Russian.

Joe Terranova
All-Star Week Lineup

7/14/2014
Joe Terranova runs through his “All-Star” lineup of what’s ahead for the capital markets this week.

Newfleet Asset Management
Positive Returns Continue for EM Debt

7/9/2014
Streak of positive returns continues in June for emerging markets debt – Newfleet reviews the data.

Joe Terranova
Watch These Three Conditions

7/8/2014
Three market conditions to watch closely, two investment ideas to consider, Joe Terranova shares with readers.

Joe Terranova
Was it a Good Week?

7/3/2014
The second half of 2014 began this holiday-shortened week. Global risk assets continued to appreciate, and I would argue for good reasons.

Joe Terranova
2014 Capital Markets Summary

7/1/2014
2014 Capital Markets Summary: Joe Terranova posts mid-year performance of US and global major markets

Joe Terranova
U.S. Economy Mid-Year Glance

6/27/2014
With the calendar set to turn into the second half of 2014, let’s take a statistical snapshot of the critical economic data points for the United States.

Joe Terranova
July Capital Markets Calendar

6/26/2014

Joe Terranova
July Capital Markets Calendar

6/26/2014

Joe Terranova
Mergers & Acquisitions

6/25/2014
Heading into 2014, a critical theme and potential tailwind for global capital markets was a recovery in global merger and acquisition (M&A) activity.

Joe Terranova
Striking a Balance

6/19/2014
Joe Terranova’s mid-year portfolio insights: Strike a balance for the second half, and focus on the micro

Joe Terranova
Portfolio Implications: Iraq

6/18/2014
Time to give energy the proper attention it deserves, says Joe Terranova. Read why in "Portfolio Implications: Iraq"

Joe Terranova
FOMC Meeting Preview

6/17/2014
Ahead of the Fed: Joe Terranova offers a preview of what we might expect from this week’s FOMC meeting

Euclid Advisors
A New Perspective on Gold from Euclid Advisors

6/6/2014
Euclid Advisors’ latest blog makes the case for gold, an asset class “not to be overlooked”

Duff & Phelps Investment Management Co.
U.S. Energy Demand Fuels MLP Growth

6/5/2014
Forecast for U.S. energy growth represents opportunity for MLP investors.

Newfleet Asset Management
EM Debt Update - Another Strong Month of Returns

6/3/2014
EM debt posts another strong month in May; get sector details and insights in Newfleet’s latest blog.

Joe Terranova
ISM Manufacturing & Treasury Yields

6/2/2014
Joe Terranova posts round 3 comments on today’s capital markets; the latest on ISM and US Treasury yields.

Joe Terranova
A “Busy” Start to June

6/1/2014
Joe Terranova looks at the “busy” week ahead for capital markets, with a focus on the euro and financials.

Joe Terranova
China May PMI Manufacturing

6/1/2014
What does Joe Terranova think of China’s highest PMI Mfg. reading since December 2013?

Joe Terranova
June Capital Markets Calendar

5/28/2014

Joe Terranova
Oil Prices Keep Rising

5/21/2014
Just out – Joe Terranova’s views on rising oil prices and what this potentially means for investors

Joe Terranova
Emerging Markets Q2 Outperformance

5/20/2014
Joe Terranova considers: Does Q2 outperformance of emerging markets suggest a larger 2014 bullish trend?

Joe Terranova
2014 SALT Conference

5/16/2014
2014 SALT Conference “the best” Joe Terranova has ever attended.

Bringing CEFs Out of Their Discount Stupor

5/8/2014
Herzfeld blog update: “Bringing Closed-End Funds Out of Their Discount Stupor”

Joe Terranova
Global Currencies YTD

5/5/2014
Joe Terranova checks in on year-to-date performance of major global currency markets.

Euclid Advisors
Euclid Weighs in on India

5/5/2014
Euclid Advisors’ international investment professionals comment on India in their latest blog update.

Newfleet Asset Management
EM Sovereign Debt Producing Market Leading Returns

5/3/2014

Joe Terranova
ISM Manufacturing & Nonfarm Payrolls

5/2/2014
Joe Terranova comments on the release of key U.S. economic data, ISM Manufacturing and Private Payrolls.

Joe Terranova
Market Update and Observations

4/30/2014

Newfleet Asset Management
Loan Market Observations

4/29/2014
Newfleet’s latest blog offers timely observations, continued support of the bank loan market.

Joe Terranova
Big Macro Week Ahead

4/25/2014
Joe Terranova looks ahead to next week's big macro events, including much central bank activity.

Joe Terranova
Q1 2014 SPX Earnings Scorecard

4/21/2014
Joe Terranova comments on S&P 500 Q1 earnings to date.

Euclid Advisors
Euclid’s Explanation for Japan’s Weakness

4/21/2014
The international investment professionals at Euclid Advisors share their views on Japan.

Euclid Advisors
A View on Recent Global Market Activity

4/11/2014
Up until last Friday, April 4, the global equity market seemed to be going along as planned. Then all of a sudden – at about 11:30 a.m. Eastern – the ground shifted.

Joe Terranova
March FOMC Minutes

4/10/2014
What does Joe Terranova make of the March FOMC minutes released yesterday?

Newfleet Asset Management
Consider Correlation When Interest Rates Rise

4/10/2014
Consider correlation within fixed income when interest rates rise.

Joe Terranova
Sellers on the News

4/7/2014
This past Friday the Labor Department released the nonfarm payroll report for March.

Joe Terranova
March U.S. ISM Manufacturing

4/1/2014
The second quarter began with the U.S. ISM manufacturing release for the month of March (Figure 1). Consensus estimates called for an increase to 54.0 from February’s 53.2.

Joe Terranova
April Capital Markets Calendar

3/31/2014

Joe Terranova
Market Update and Observations

3/28/2014

Institutional Shareholders New Driving Force for Closed-End Funds

3/27/2014
2014 marks my thirtieth anniversary working with closed-end funds. Much has changed over three decades, but perhaps the most significant change is the shift in shareholder base. Understanding who owns a fund's shares gives great insight into how those investors are likely to react in various market environments, and, in some cases, may impact a fund’s future course.

Newfleet Asset Management
All Fixed Income Sectors Are Not Created Equal

3/25/2014
Will they or won’t they? Last week, Federal Reserve Chair Yellen testified before the Senate Banking Committee the central bank’s plans to keep interest rates low for some time, yet minutes from the Fed’s January meeting reveal internal debate about whether the timetable to raise short-term rates should be sooner rather than later.

Joe Terranova
Joe Terranova Predicts Summer Market Correction, Followed by Recovery

3/24/2014

Joe Terranova
FOMC Meeting Observations

3/20/2014
First of all, a belated happy St. Patrick’s Day. I don’t know about you, but I was eerily reminded of 2008, the last time St. Patty’s Day fell on a Monday, when markets managed through the news that J.P. Morgan paid $2 per share for Bear Stearns.

Joe Terranova
Clarity High Above

3/13/2014
This past Tuesday, I enjoyed a wonderful journey across the country to Los Angeles, where sandwiched between the outbound and return flights was an enjoyable evening with some gracious folks from Royal Bank of Canada.

Joe Terranova
Ukraine, U.S. ISM Manufacturing, and Other “Potholes”

3/3/2014
March has begun somewhat similar to January, with the S&P 500® Index (SPX) (Figure 1) entering the new month fresh from a new all-time high.

Joe Terranova
March Capital Markets Calendar

3/3/2014

Joe Terranova
Status Quo

2/24/2014
Believe or not, it is already time to begin thinking about the month of March.

Love Me, Love Me Not? Finding the Right Fund Match

2/14/2014
When it comes to choosing open-end mutual funds versus closed-end funds, investors seek distinctly different qualities from each type of investment.

Joe Terranova
U.S. Debt Ceiling Suspension Impact

2/13/2014
Yesterday, the United States Senate voted 55-43, along party lines, to suspend the debt ceiling limit until March 15, 2015.

Joe Terranova
January U.S. Labor Report

2/10/2014
Last Friday, the Department of Labor released its nonfarm payroll report for the month of January.

Newfleet Asset Management
Outlook Favorable for Bank Loans: Quality is Key

2/10/2014
In 2013, floating rate bank loans demonstrated a healthy resilience to interest rates during a volatile year for fixed income.

Joe Terranova
Viewer Discretion Advised

2/7/2014
2014 has begun with a decline in global risk assets that is shaking out some of the overwhelming bullish consensus for the year by the collective investment community.

Joe Terranova
Welcome February

2/3/2014
The S&P 500® Index (SPX) staggered through the month of January, declining 3.56% to a January 31 close of 1782.59.

Joe Terranova
February Capital Markets Calendar

2/2/2014

Joe Terranova
Joe Terranova's Q1 Market Playbook Now Available

1/28/2014

Joe Terranova
SPX Earnings Update, as of 1/24/14

1/24/2014
Quarterly earnings for S&P 500-listed companies have neared the quarter pole. Next week another 130 companies will report, bringing the earnings season to the halfway mark.

Joe Terranova
Canadian Underperformance

1/22/2014
Last Thursday, I delivered the keynote address for the Alta Corp Capital Institutional Investor Conference at the Shangri-La hotel in Toronto, Ontario.

Joe Terranova
Fundamental Stability

1/16/2014
In the wake of Monday's sell-off, I posted a change to my "Global Risk Asset Correction Watch List," based on the technical vulnerability of the S&P 500® Index (SPX).



As January goes, so goes the year?

1/15/2014
With the start of a new year, we expect an onslaught of “as goes January, so goes the year” posts. It is fitting, then, to revisit a blog we wrote on this topic in January of last year.

Joe Terranova
Market Insights: Technical Vulnerability

1/13/2014
This morning I posted a “global risk asset correction watch list” within the “Reflecting Back, Looking Forward” market insight posting.

Joe Terranova
Reflecting Back, Looking Forward

1/12/2014
Seven days of trading activity year to date is a rather small sample of information to digest for making portfolio decisions; however, there are some conditions that have presented that bear reflection.

2014 Outlook for Closed-End Funds

1/6/2014
With many of 2013’s headwinds behind them, the outlook for closed-end funds in early 2014 is increasingly positive.

Joe Terranova
Market Insights: Global Manufacturing Data

1/3/2014
The new year began with the release of global manufacturing activity reports for December

Joe Terranova
2013 Capital Markets Summary (Tables)

1/2/2014

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.