August 2024 Market Review

Interest rates fell and the yield curve continued to steepen throughout August. The 10-year Treasury yield ended at 3.91% and the 2-year/10-year spread moved to nearly flat, after more than two years of inversion. On the heels of cooling inflation data and a downward revision of 12 months of payrolls, Fed Chair Powell delivered a […]

September 6, 2024

ESG Research: PFAS (Forever Chemicals)

BOSTON, MA, August 8, 2024 — PFAS, also known as forever chemicals, are ubiquitous in the environment following decades of use within several consumer and industrial products. Recent studies find evidence of potential health risks associated with human exposure to these chemicals and now regulators, companies, and investors are taking action. In this piece, we outline […]

August 8, 2024

July 2024 Sustainable Investment Update 

With less than four months until Election Day, pundits and strategists are weighing how a Harris or Trump presidency might impact fiscal policy and financial markets. Though much of the focus has centered around issues where the candidates have clearly different views, seemingly less attention has been given to issues where bipartisan support is building. […]

August 7, 2024

July 2024 Market Review

Rates fell and the yield curve steepened in July, following a series of weaker U.S. economic data releases and major political events. The assassination attempt on former President Trump supported an already steepening yield curve as election concerns of inflationary fiscal policy increased. With President Biden stepping back from reelection, some of the curve steepening […]

August 6, 2024

FOMC: Setting the Table

BOSTON, MA, July 31, 2024 — The Federal Open Market Committee (FOMC) met today to assess the state of the U.S. economy and monetary policy. What We LearnedAt the fifth of its eight meetings this year, the FOMC left the Federal Funds Target Rate unchanged at 5.25-5.50%, in line with market expectations. Inflation and employment […]

August 1, 2024

Maxwell Urda to Speak at CFA Society Boston Sustainable Investing Conference

BOSTON, MA, July 26, 2024 –Maxwell Urda, CFA, ESG Analyst at Longfellow Investment Management will participate in a panel discussion at CFA Society Boston’s upcoming Sustainable Investing Half-Day Conference on September 18. The panel is titled, “Identifying Sustainable Investments for Clients.” The panel will discuss investment options for asset owners and clients who wish to […]

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July 26, 2024

Event-Driven Update Q2 2024

In the U.S., M&A is up 38% compared to last year’s slower first half and is tracking to be up 15% for the year, subject to the election outcome and continued rate uncertainty. During most presidential election years, deal activity troughs in Q3 and then recovers in Q4 as companies become less willing to ink […]

July 16, 2024

June 2024 Sustainable Investment Update 

As summer temperatures rise, so too are political tensions as national elections begin across several major regions. Recent results in the U.K. and Eurozone have been dubbed “climate wins” though gridlock will surely slow progress. This month, we also share initial reactions to the reversal of the Chevron deference, the decline in sustainability-linked bond issuance, […]

July 12, 2024

June 2024 Market Review

Despite various conflicting economic data points, the U.S. economy continued to perform well. Consumers, the core of the economy, displayed resilience. Earnings of large public businesses behaved well relative to expectations, resulting in strong year-over-year growth and positive revisions for the rest of this year and next. Even though consumers and businesses maintained firm performance […]

July 5, 2024

Russell 1000 Value Name Count at All-Time High

BOSTON, MA, July 2, 2024 — Every year, much is written about the Russell index reconstitution. We offer insights on two of the more noteworthy outcomes of the 2024 rebalance: increases in both the Russell 1000 Growth weight concentration and the Russell 1000 Value name count. As we will discuss, these two phenomena are related […]

July 2, 2024