Signal Through the Noise
August 12, 2024 — The unwind of the yen carry trade on the morning of August 5th injected a level of volatility in markets reserved only for crisis periods. The carry trade involved investors borrowing yen to buy riskier assets, which is effectively a short position on the yen. This strategy had worked well in 2024 as the yen weakened during the year through July.
Featured Insights
Fixed Income
Market Focus Shifts to Fears of an Economic Contraction
August 5, 2024 -- Until recently, the prevailing market narrative since October was that the Fed was in a "pivot" to eventual rate cuts given a Goldilocks economic...
Tactical ETF
Tactical Investment Strategy — August 2024
August 2, 2024 -- Tactical Investment Strategy provides an overview of key economic and policy themes and how Sage is tactically positioned in the current market environment.
Fixed Income
The Evolution of the Corporate Bond Market
July 29, 2024 -- Over the past 20 years, the corporate bond market has experienced a significant evolution driven by economic cycles, regulatory shifts, and changing investor...