September 10, 2021
Related Research & Insights
For clients in higher tax brackets, understanding the relative value of municipal bonds, corporate bonds, Treasuries, and the broader fixed income market is essential.
It only takes one moment of overconfidence, distraction, or sloppiness to undo a lifetime of compounding.
- Seth Klarman
The economic picture is complicated: growth has held up surprisingly well, inflation remains above target, and political developments are adding uncertainty. Rather than highlighting a single storyline, we believe it is more helpful to step back and consider the full set of forces that shape the outlook.