The Federal Reserve is in the midst of an historic tightening cycle, and it has begun to impact the economy. The latest casualty is the decline in oil prices, which opens up a new set of possibilities in asset allocation. In this special report, we look at the collective causes and effects of US monetary policy. We also describe historically how leadership rotation happens, and we examine a post-recession energy sector and a new, bullish set-up for US Treasury bonds that we see as historic.
Download the investment team’s analysis: The Fed Is Tightening More than it Realizes.