- Feb 26, 2019
- 1 min
Behind the Markets - Podcast (Interview with Martin Fridson)
On February 22, 2019, Martin Fridson was interviewed by Jeremy Schwartz on the podcast "Behind the Markets" (Wharton Business Radio). "High Yield is very expensive .. trading at over two standard deviations from fair value ... This is extreme and unusual." "Outstanding supply of high yield bonds has been decreasing over the last two years ... there is great demand for yield around the world!" "MLPs look cheap and offer good value" "For clients that have both taxable and tax-d
- Feb 7, 2019
- 3 min
Cash is (almost) King!
Cash is back in style. Money-market funds saw their assets grow by $2 billion in between year-end and January 17, 2019 according to Thomson Reuters Lipper. Cash allocations in investment portfolios are up for the first time since 2011, Goldman Sachs reports. The Wall Street Journal’s account further notes that those percentage allocations reached an all-time low last year. Investors’ desire to take some money off the table after a rapid run-up in stock prices is not a new d