WHAT WE THINK…

 

WHAT WE THINK

“The years just prior to the start of the last decade in many ways shaped the decade to follow. The world was just emerging from the Great Recession, which to some extent was fallout from the excesses of the 2000’s and even before”

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Q4 2019

 

 

Lorica Focused Fixed Income

Last month we wrote: “That was certainly one of the more eventful January’s in recent memory… Australian wildfires, downed Ukrainian Airline planes, US-China trade deal, US-Mexico-Canada trade deal, the coronavirus, the Trump impeachment trial, Brexit…” Well, January was clearly just a precursor for an even more eventful February; and whereas the coronavirus was one of many events in January, it has become the “only” event of any real importance in February, and likely March.

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February 2020 Commentary

 

Lorica Focused Corporate Bond

Growing concerns over the potential breadth and severity of the COVID-19 outbreak continued to dominate the macro narrative. While equity markets bore the brunt of market anxieties, high yield debt was also hurt as risk premiums surged due to increased volatility and challenging financing conditions, reinforcing the safe-haven status of investment grade debt. Co-ordinated monetary policy placed additional pressure on longer-term credit, resulting in steeper credit curves and underperformance of lower-rated, higher beta, longer-dated issues.

Read More →
February 2020 Commentary

  

Lorica Short Term Bond

Last month we wrote: “That was certainly one of the more eventful January’s in recent memory… Australian wildfires, downed Ukrainian Airline planes, US-China trade deal, US-Mexico-Canada trade deal, the Coronavirus, the Trump impeachment trial, Brexit…” Well, January was clearly just a precursor for an even more eventful February; and whereas the Coronavirus was one of many events in January, it has become the “only” event of any real importance in February, and likely March.

Read More →
February 2020 Commentary

WHAT WE THINK…
▸2019
▸2018
▸2017
▸2016
▸2015
▸2014
▸2013
▸2012
▸2011
 
 
FOCUSED FIXED INCOME
▸2020
▸2019
▸2018
▸2017
▸2016
▸2015
▸2014
▸2013
▸2012
▸2011
FOCUSED CORPORATE BOND
▸2020
▸2019
▸2018
▸2017
▸2016
▸2015
▸2014
▸2013
▸2012
▸2011

SHORT TERM

▸2020
▸2019
▸2018
▸2017
▸2016
▸2015
▸2014

WHAT WE THINK…

 

WHAT WE THINK

“The years just prior to the start of the last decade in many ways shaped the decade to follow. The world was just emerging from the Great Recession, which to some extent was fallout from the excesses of the 2000’s and even before”

Read More→
Q4 2019

 

 

Lorica Focused Fixed Income

Last month we wrote: “That was certainly one of the more eventful January’s in recent memory… Australian wildfires, downed Ukrainian Airline planes, US-China trade deal, US-Mexico-Canada trade deal, the coronavirus, the Trump impeachment trial, Brexit…” Well, January was clearly just a precursor for an even more eventful February; and whereas the coronavirus was one of many events in January, it has become the “only” event of any real importance in February, and likely March.

Read More→
February 2020 Commentary

 

Lorica Focused Corporate Bond

Growing concerns over the potential breadth and severity of the COVID-19 outbreak continued to dominate the macro narrative. While equity markets bore the brunt of market anxieties, high yield debt was also hurt as risk premiums surged due to increased volatility and challenging financing conditions, reinforcing the safe-haven status of investment grade debt. Co-ordinated monetary policy placed additional pressure on longer-term credit, resulting in steeper credit curves and underperformance of lower-rated, higher beta, longer-dated issues.

Read More →
February 2020 Commentary

  

Lorica Short Term Bond

Last month we wrote: “That was certainly one of the more eventful January’s in recent memory… Australian wildfires, downed Ukrainian Airline planes, US-China trade deal, US-Mexico-Canada trade deal, the Coronavirus, the Trump impeachment trial, Brexit…” Well, January was clearly just a precursor for an even more eventful February; and whereas the Coronavirus was one of many events in January, it has become the “only” event of any real importance in February, and likely March.

Read More →
February 2020 Commentary

WHAT WE THINK…
▸2019
▸2018
▸2017
▸2016
▸2015
▸2014
▸2013
▸2012
▸2011
Q4
Q3
Q2
FOCUSED FIXED INCOME
▸2020
▸2019
▸2018
▸2017
▸2016
▸2015
▸2014
▸2013
▸2012
▸2011
FOCUSED CORPORATE BOND
▸2020
▸2019
▸2018
▸2017
▸2016
▸2015
▸2014
▸2013
▸2012
▸2011

SHORT TERM

▸2020
▸2019
▸2018
▸2017
▸2016
▸2015
▸2014