2023 Value Equity Thoughts – Quality Matters Again

A tilt to higher quality has been a successful approach to small and mid cap value investing, both prior to and since the pandemic-era risk bubble that formed in 2020-2021 in response to monetary and fiscal stimulus. To continue reading, click here.

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2023 High Yield Thoughts – Equity in Bond Clothing

High Yield bonds look very interesting compared to equities heading into 2023. After a devastating 2022 for both stocks and bonds, the average high yield bond price is less than 90 cents on the dollar.  To continue reading, click here.

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