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Tight Spreads, Big Changes: Navigating Credit Selection, AI Issuance, and a New Federal Reserve

Tight Spreads, Big Changes: Navigating Credit Selection, AI Issuance, and a New Federal Reserve

by mowenllc | Aug 4, 2026 | Market Outlooks, Quarterly Reports, Xponance<sup>®</sup> Insights

In this research note, we decompose 2Q26 fixed income returns, examine how AI-related corporate issuance is changing fixed income indices, offer our initial assessment of new Federal Reserve Chair Kevin Warsh, and discuss our outlook and portfolio positioning for the...
Jordan Williams Joins Xponance Alts Solutions as Private Equity Associate

Jordan Williams Joins Xponance Alts Solutions as Private Equity Associate

by mowenllc | Jul 30, 2026 | Quarterly Reports, XAlts Specific News, Xponance<sup>®</sup> Press Release

PHILADELPHIA, PA — July 29, 2026 — Xponance Alts Solutions (XAlts), the alternatives subsidiary of Xponance, today announced that Jordan M. Williams, CPA, has joined the firm as a Private Equity Associate. The post Jordan Williams Joins Xponance Alts Solutions as...
The Broadening: Why Market Leadership Is Shifting Down the Cap Spectrum

The Broadening: Why Market Leadership Is Shifting Down the Cap Spectrum

by mowenllc | Jul 21, 2026 | Market Outlooks, Quarterly Reports, Xponance<sup>®</sup> Insights

After more than thirteen years of large cap dominance, anchored most recently by the AI driven rally in the “Magnificent Seven,” small and midcap U.S. equities have led their large cap peers for four consecutive quarters. The post The Broadening: Why Market Leadership...
Don’t Plot the Dot: Will the End of the Fed’s Forward Guidance Increase Volatility?

Don’t Plot the Dot: Will the End of the Fed’s Forward Guidance Increase Volatility?

by mowenllc | Jul 13, 2026 | Market Outlooks, Quarterly Reports, Xponance<sup>®</sup> Insights

Pivotal on New Federal Reserve Chair Kevin Warsh’s reform agenda, is the abandonment of the Federal Reserve’s forward guidance, a multi-decade tradition at the Federal Reserve since the pre-GFC days of Alan Greenspan. In reaction, economists, strategists, and...
Beyond the Quality Label: Understanding the Different Types of Quality in Non-US Equity Investing

Beyond the Quality Label: Understanding the Different Types of Quality in Non-US Equity Investing

by mowenllc | Jul 13, 2026 | Quarterly Reports, Xponance<sup>®</sup> Insights

Quality investing in developed non-US markets has run into a strong headwind. After more than a decade of durable outperformance, the highest-quality segments of the MSCI EAFE universe lagged sharply over the year ending April 2026, while lower-quality, more cyclical...
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Recent Posts

  • Tight Spreads, Big Changes: Navigating Credit Selection, AI Issuance, and a New Federal Reserve
  • Jordan Williams Joins Xponance Alts Solutions as Private Equity Associate
  • The Broadening: Why Market Leadership Is Shifting Down the Cap Spectrum
  • Don’t Plot the Dot: Will the End of the Fed’s Forward Guidance Increase Volatility?
  • Beyond the Quality Label: Understanding the Different Types of Quality in Non-US Equity Investing

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