muni

California balancing its budget has broad positive implications

April 30th, 2011|by Michael Ashley Schulman, Perspectives, The Big Picture|

California balancing its budget has broad positive implications for perception of the entire muni market.  Munis have been trending up (tightening) for the last several weeks. Municipal bond fund outflows have recently declined precipitously.  Although there have been over 26 consecutive weeks of outflow for municipal funds, the magnitude has dramatically reduced.  Additionally, a number […]

February was a consolidation month for stock markets

February 28th, 2006|by Michael Ashley Schulman, Greg Pellizzon, Perspectives, The Big Picture, Writers|

February was a consolidation month for stock market levels. Following January’s market optimism, the US economy continued to power through February. Although market levels were tested and US Treasuries weakened, nothing collapsed. For economists and strategists, the largest pill to swallow was the realization that the Fed may not be as close to the end […]