Joseph Kalish is the Chief Global Macro Strategist for Ned Davis Research Group. He has been following and studying financial and economic trends for over 30 years. He and his team are responsible for all of the firm’s bond and economic analysis. Joe authors several publications. He writes on global and U.S. fixed income strategy and trends twice a week. Joe is a regular contributor to other macro publications, including Featured Reports, the U.S. Economic Focus, and the U.S. Daily Economic Perspectives.
Munis are relatively attractive, but not absolutely. While they continue to enjoy an after-tax yield advantage across the entire yield curve, they face several risks from an absolute perspective.19 February 2021