High-yield munis have extra risks and yields are low relative to investment-grade munis. However, investors in higher tax brackets may still want to consider a small allocation if it fits their risk tolerance.
Greater mega-cap stock exposure carries significant upside risks, but concentration can also work against investors—helping make the case for diversification in portfolios.
Steven Meier, Deputy Comptroller and Chief Investment Officer for the New York City retirement systems, joins the show to discuss capital markets and public finance.
Find Market Commentary content
How to decipher the Federal Reserve's Dot Plot
The Delayed Impact of Tariffs
Surveying the Corporate Credit Landscape (With Joel Levington)
Global Central Banks Face Uncertain Policy (With Robin Brooks)
Should You Consider High-Yield Municipal Bonds?
Is the Chinese Stock Market Rally Sustainable?
Weaker Labor Markets Drive a Rate Cut (With Freya Beamish)
Every Brea(d)th You Take: Market Concentration Risks
Where Do Public & Private Markets Converge? (With Steven Meier)